Tag: Prediction

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ESMA Warns Prediction Market Event Contracts May Fall Under EU Binary Options Ban

The European Securities and Markets Authority (ESMA), the EU's securities regulator, said in a statement that many prediction market event contracts may already fall...

A massive EU regulatory crackdown is threatening the explosive boom of multibillion-dollar prediction markets

The European Securities and Markets Authority (ESMA) said some prediction-market contracts may be covered by the European Union’s binary options ban, warning firms that...

ESMA Says Many Prediction Market Contracts Fall Under Existing EU Rules

The European Securities and Markets Authority (ESMA) has warned that many prediction market contracts may already fall under existing restrictions on binary options, saying companies...

SEC Opens 60-Day Comment Period on ‘Novel’ ETF Rules as Prediction Market Funds Pile Up

The SEC published a formal request for comment on 'Novel ETFs' covering crypto-asset and prediction-market funds, following Chair Paul Atkins' May statement pausing launches...

World Launches Onchain Prediction Market on Solana Through Phantom

The platform, unmasked in late June after two-plus years as an anonymous "Trade Everything" teaser account, opens trading in Phantom's CASH stablecoin and leans...

Prediction market consolidation could spark wave of M&A across sports betting, Bernstein says

The rapid consolidation of the prediction market technology stack is raising the odds of a new wave of mergers and acquisitions across sports betting...

US Senators Push to End CFTC ‘Assault’ on State Oversight of Prediction Markets

A group of 17 Democratic US senators is pressing leadership in a key committee to address the Commodity Futures Trading Commission (CFTC) using federal...

Kalshi Sues Illinois Officials over Prediction Markets Restrictions

Prediction markets company Kalshi has filed a lawsuit against state officials in Illinois over legislation it says “expressly bans sports event contracts” on its...

CFTC Sues Kentucky to Defend Its Exclusive Jurisdiction Over Prediction Markets

The CFTC sued Kentucky on Tuesday to stop the state from using its own laws and a new transaction fee to push federally registered...

Meta is developing a prediction market app called ‘Arena’ as sector booms: NYT

Meta (META), the parent company of Facebook, is developing a new app called “Arena” that mirrors a prediction market platform, according to people familiar...

CFTC Chair Reiterates Origins in Regulating Agricultural Markets, Despite Crypto and Prediction Markets Push

Commodity Futures Trading Commission (CFTC) Chair Michael Selig on Tuesday acknowledged fundamental differences in the traditional commodity markets it has long regulated and its...