Tag: Markets

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UK Financial Watchdog Weighs Lifting Prediction Markets Ban: Report

The UK’s Financial Conduct Authority (FCA) reportedly has reached out to prediction market companies as part of discussions over whether the regulator would loosen...

Prediction markets inch closer to the Supreme Court: State of Crypto

New Jersey petitioned for a writ of certiorari in Kalshi's case against it last week, finally throwing the ball to the high court.

New Jersey Officials Petition US Supreme Court over Prediction Markets

New Jersey’s Attorney General and the state’s interim director for the Division of Gaming Enforcement have officially petitioned the US Supreme Court to hear...

New Jersey becomes first state to ask Supreme Court to weigh in on prediction markets

After multiple appeals courts ruled differently about whether states can crack down on prediction markets' sports products, New Jersey asked SCOTUS to step in.

Kalshi takes legal blow in court ruling confirming state powers over prediction markets

This latest U.S. appeals court ruling sets up a rift between federal courts on event contracts, suggesting the U.S. Supreme Court may need to...

LayerZero unveils trading infrastructure for crypto and tokenized markets, ZRO surges

The trading infrastructure runs on LayerZero's Zero blockchain, backed by Citadel Securities with DTCC and ICE exploring institutional market applications.

CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets

A judge stayed the CFTC’s civil case against a soldier who allegedly used nonpublic information for a Polymarket bet, but the regulator is trying...

Kalshi off-limits in multiple states as prediction markets, CFTC team up for battle

Washington state is cut off for Kalshi customers while the company combats the development in court and its federal regulator keeps pursuing new rules.

Kalshi ordered to stop broad range of prediction markets in Washington

Kalshi must implement initial geofencing by Aug. 19 and a GeoComply multi-source geofencing system by Sept. 2.

Fear is fading across markets, be it bitcoin (BTC), stocks, gold or bonds: Crypto Daily

Scan the news and there are plenty of reasons for worry: continued U.S.-Iran escalation risks, mounting sovereign debt and rising bond yields among them....

City of Baltimore Goes After Prediction Markets for Sports Betting

The City of Baltimore and its mayor, Brendan Scott, filed lawsuits against Kalshi and Polymarket over allegations that the companies violated local gambling laws.In...

Prediction markets should dial back faulty filings for incentives to boost trading: CFTC

Like any regulated trading platform under authority of the Commodity Futures Trading Commission, prediction markets firms try to encourage heavy traders and for firms...