Tag: Prediction

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Washington sues Kalshi as states ramp up legal pressure against prediction markets

The state of Washington has become the latest to sue a prediction markets provider, after alleging Friday that Kalshi had violated state gambling laws...

Prediction market platform secures license to offer margin trading to institutional investors

Prediction market platform Kalshi has been cleared to offer margin trading to professional clients, a move designed to make its platform more appealing to...

Bill Proposes To Stop Government Officials Betting on Prediction Markets

US lawmakers have introduced a second bill this week aimed at curbing prediction market insider trading by government officials, amid growing concerns over such...

Detroit Set to Enter Michigan‘s Battle against Coinbase Prediction Markets

Lawyers representing the US city of Detroit plan to file an amicus brief in Coinbase's lawsuit against Michigan, which argues that federal regulators should...

Gavin Newsom Bans California Public Officials From Prediction Market Insider Trading

In brief California public officials are banned via executive order from using inside information to make money on prediction markets. The ban extends to state officials...

California Governor Newsom Signs Prediction Market Insider Trading Order

California Governor Gavin Newsom signed an executive order on Friday, expanding rules to curb public servants and those close to them from benefiting from...

US Congressman Moves to Ban Staff From Trading on Prediction Markets

In brief Massachusetts Democrat Seth Moulton has banned all congressional office staff from trading on prediction markets like Polymarket and Kalshi. The move comes as bipartisan...

Proposed Bill Seeks to Ban President, Congress from Prediction Markets

US lawmakers have introduced a bill aiming to ban members of the US Congress, the president and other high-ranking government officials from wagering on...

Prediction Markets Don’t Just Forecast Power

Welcome to our institutional newsletter, Crypto Long & Short. This week:Ryan Kirkley on how crypto prediction markets can risk incentivizing manipulation and amplify misinformation...

Retail traders fare worse on prediction markets than sportsbooks

Prediction markets are exciting, but they’re not reliable wealth builders for retail users. Research by Citizens shows that retail prediction market users are losing...

BitGo and SIG Crypto team on prediction market access

BitGo Prime (BTGO) and Susquehanna Crypto said they are partnering to provide institutional clients with over-the-counter (OTC) access to prediction market trades, using digital...

CFTC Launches Innovation Task Force Covering Crypto, AI, and Prediction Markets

The new unit will coordinate policy development and work alongside the SEC's Crypto Task Force.The U.S. Commodity Futures Trading Commission (CFTC) on Tuesday announced...