Tag: Prediction

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Prediction Market Kalshi Eyes IPO As Revenue Hits $2 Billion

Kalshi, the prediction markets platform that has become the dominant force in U.S. event contracts, is in informal talks with investment banks...

Republican Lawmaker Proposes Prediction Markets Insider Trading Ban, Not Including White House Officials

Wisconsin Representative Bryan Steil, who chairs the House subcommittee on digital assets, introduced a law to prevent certain public officials from “wagering on public...

Schwab to join prediction markets race with S&P 500 event-based options: WSJ

Charles Schwab is working with Cboe Global Markets to launch a new type of options contract that would allow customers to make yes-or-no wagers...

Kentucky Sues Prediction Markets Over Sports Event Contracts

Kentucky has sued five prediction market platforms, including Kalshi and Polymarket, adding to a wave of US states launching legal fights with prediction markets...

Gaming Industry, Tribes and Unions Press Senate to Ban Sports Prediction Markets in Crypto Bill

The American Gaming Association, the Indian Gaming Association, and two hospitality unions are pressing senators to insert sports-betting carve-out language into the CLARITY Act,...

Organizations Urge Congress to Ban Sports Betting on Prediction Markets in CLARITY Act

Several national gaming and tribal organizations and labor groups have reportedly called on the US Senate to add language “that explicitly prohibits event contracts...

Kentucky targets prediction markets, puts red state in potential clash with Trump team

“This action runs counter to the CFTC's established framework for regulating prediction markets,” the spokesperson said in a statement emailed to CoinDesk.So far, the...

Tribal Coalition Files Amicus Briefs to Keep Prediction Markets Off Native Land

A coalition of federally recognized tribes and Indian regulatory bodies filed amicus briefs in two federal cases, arguing CFTC preemption would nullify tribal-state gaming...

Prediction Markets Are Becoming Crypto’s Fastest Growing Information Network

Most people believe that crypto’s most important innovation is creating new ways to trade assets, but today, one of the industry’s fastest-growing sectors is...

CFTC Pulls New Mexico Into Prediction Markets Battle

New Mexico is the latest US state to be pulled into the Commodity Futures Trading Commission’s legal fight for its jurisdiction over prediction markets...

Aerodrome is turning liquidity into a prediction market with its biggest upgrade yet

Since debuting on Base in 2023, Aerodrome has become one of the most widely known DEXs on the network by using a system that...

Gensler Files Brief Arguing Sports Prediction Markets Fall Outside CFTC Swap Rules

Former CFTC and SEC chair Gary Gensler filed an amicus brief with the Sixth Circuit arguing that sports-event prediction markets are not swaps under...