Tag: Prediction

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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.

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...

NYC council announces probe into ‘predatory marketing practices’ on prediction markets

Council Speaker Julie Menin sent letters to four companies offering prediction market services to New Yorkers as part of an investigation into their marketing...

CFTC orders Kalshi to continue offering prediction markets in New York after state lawsuit

"New York intends to make event contract derivatives waste away under its iron curtain of state gaming laws before the courts get the chance...

Judge stays CFTC’s case against US soldier over prediction market bets

A New York judge granted a motion filed by US prosecutors in July to stay the CFTC’s civil case against Gannon Ken Van Dyke...

US judge temporarily blocks Minnesota prediction market ban

The preliminary injunction allows Kalshi and Polymarket US to continue operating in Minnesota while the court considers their challenge to the state law.

Kalshi, Polymarket win pause against Minnesota’s prediction market ban

A federal judge ruled that Minnesota’s law banning prediction markets likely runs afoul of the Commodity Exchange Act, granting a preliminary injunction against the...

CFTC Warns Prediction Markets Over Vague Self-Certification

For the second time this year, the US Commodity Futures Trading Commission (CFTC) issued a warning to prediction markets operators to follow the rules...

U.S. regulator warns prediction markets against cutting corners in event contracts

The U.S. Commodity Futures Trading Commission, which has claimed a role as the leading regulator of prediction markets firms run by companies such as...

Coinbase Wants To Be Canada’s ‘Everything Exchange’ — With Crypto, Stocks, And Prediction Markets

Crypto giant Coinbase is making its “everything exchange” push in Canada.  Eric Richmond, country director and CEO of Coinbase Canada, told BNN...