CFTC sues Kentucky after state’s prediction market lawsuits
The Commodity Futures Trading Commission has sued Kentucky, now the ninth state the regulator is battling in its fight over prediction markets.
Category: Polymarket
Mark Zuckerberg ordered Meta staff to develop moneyless prediction market: NYT
The Meta CEO reportedly plans for the company to launch a prediction market independent of its other apps allowing users to place wagers using a points system rather than money.
Crypto PACs Flex Political Muscle In High-Stakes Texas Runoffs
Bets on the Texas Republican Senate primary runoff topped $16 million in total volume on prediction platform Kalshi, which gave crypto-backed candidate Ken Paxton a 96% chance of defeating incumbent John Cornyn heading into Tuesday’s vote. Related Reading: Crypto Founder Takes Seat On SpaceX Journey To Mars The Kalshi platform had consistently favored the Democratic […]
Crypto Trading Goes Full Spectacle — Why Polymarket’s Arena Could Be The Next Degens’ Battleground
Polymarket’s most recent venture is turning crypto trading into an e-sport spectacle. A New Crypto Coliseum? The “casino degen” narrative that surrounds crypto trading in prediction and betting platforms is turning almost literal, thanks to prediction-market giant Polymarket. Despite recently being on the spotlight for heightened ethical concerns from legislators, Polymarket and legend.trade are presenting […]
Prediction Markets Hit Record Highs As Bets Explode On Global Conflict
Prediction markets are being dominated by automated AI agents and high-frequency trading bots, which extracted around $40 million from market inefficiencies within a single month. Related Reading: Crypto Donations Face Ban As Canada Steps Up Election Security Measures These digital traders look for news of global unrest and respond in milliseconds, often moving the price […]
Polymarket Faces New Roadblock As Dutch Regulator Bans Prediction Activity — Details
According to recent reports, the Dutch arm of the prediction markets platform Polymarket has been asked to cease its activities in the Netherlands. This order comes as the latest regulatory blow dealt to the prediction market platform in recent weeks. Dutch Regulator Threatens Polymarket With $840,000 Fine In a notice dated Tuesday, February 17, the […]
Tennessee Regulator Sends Cease-And-Desist Letters To Polymarket, Kalshi, Crypto.com — Details
Tennessee’s sports betting regulator has ordered Polymarket, Kalshi, and Crypto.com to cease offering sports betting contracts, bringing focus to the regulatory landscape of event contract exchanges. The agency accused the three major prediction market platforms of violating state gambling laws by operating in Tennessee without the required licenses. Polymarket, Others Threatened With Fines For Offering […]
Venezuela Attack: US Lawmaker To Introduce Prediction Market Bill Targeting Insider Trading
The US strike on Venezuela represents the largest headline event of the new year so far. In several developments spinning off this incident, Representative Ritchie Torres is reportedly moving to introduce a bill targeting insider trading on prediction markets amid traders’ netting heavy profits on forecasted capture of President Nicolás Maduro. Related Reading: Crypto Could […]
Coinbase’s XRP Decline Continues: 90% Crash In Exchange’s Reserves Tells Story Of Investor Accumulation
Coinbase’s XRP reserves have witnessed one of the strongest collapses among major crypto exchanges, and this has caused questions as to where the tokens are going. According to on-chain data, the exchange’s cold wallets now hold only a fraction of the XRP they once did, and the decline is now more than 90%. This comes […]
Polymarket Set For $10 Billion Valuation As US Relaunch Nears – Report
According to the latest reports, crypto-based prediction platform Polymarket is preparing for a new funding round that could see its valuation rise to $10 billion. This move to raise additional capital comes as the company prepares to relaunch in the United States. On September 3, Polymarket CEO Shayne Coplan revealed on the social media platform […]