Decentralized prediction markets recorded billions in trading volume during the last U.S. election cycle. That number got Wall Street's attention, and Washington's. What makes the Prediction Market Turf War especially ...
Prediction markets were built to forecast outcomes, using financial incentives to aggregate collective belief instead of relying on traditional polling. That premise is now starting to fracture. These platforms are ...
Seven U.S. House lawmakers sent a letter to CFTC Chair Michael Selig this week demanding answers on why the agency has not acted against insider trading in prediction markets, setting ...
Prediction market platforms Kalshi and Polymarket are pursuing valuations near $20 billion amid intensifying calls for federal regulation following allegations that traders profited from inside information on geopolitical events. Senator ...
U.S. lawmakers and state regulators are escalating efforts to restrict prediction markets after allegations that traders profited from bets on geopolitical events, including a purported Iran strike, while federal regulators ...
refund traders rather than pay out winning positions after the reported death of Iran's Supreme Leader Ayatollah Ali Khamenei — a call that has ignited one of the sharpest controversies ...
A federal judge has temporarily blocked Tennessee from enforcing its gambling laws against Kalshi, ruling that the prediction market platform's sports-related contracts likely fall under federal derivatives law — a ...
SEC Chair Paul Atkins called prediction markets "a huge issue" for federal regulators Wednesday, as the Senate Banking Committee pressed officials from both the SEC and CFTC to explain who ...
Prediction market platform Kalshi announced a major expansion of its compliance operations ahead of the Super Bowl, hiring a former Treasury official and fraud detection expert while upgrading surveillance technology ...
Prediction markets recorded over $12 billion in trading volume during January, an all-time monthly high driven by Super Bowl betting and continued political speculation on platforms including Kalshi and Polymarket. ...
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