CFTC Starts Rulemaking Process for Prediction Markets
TLDR The CFTC issued a staff advisory and launched a formal rulemaking process for prediction market platforms. Chairman Mike Seli...
Prediction markets get tailored U.S. guidance from former foe CFTC
The agency that once fought the events contracts platforms in court has now issued a new policy stance and is proposing permanent...
The DEATH BETS Act: Why Lawmakers Are Moving to Shut Down America’s Fastest-Grow...
TLDR: THE DEATH BETS Act seeks to ban prediction contracts tied to war, terrorism, assassination, or individual death. Lawmakers c...
Senate Democrats push prediction market limits, including banning bets on war, d...
One Senate Democrat's bill would write the prohibition into federal law even as the CFTC shifts toward a more permissive stance on...
Senate Democrats push ban on prediction market bets tied to war and death
Senate Democrats' bill would write the prohibition into federal law even as the CFTC shifts toward a more permissive stance on eve...
Polymarket Taps Palantir for Sports Market Monitoring
TLDR Polymarket partnered with Palantir Technologies and TWG AI to build a sports market integrity platform. The platform uses the...
Prediction Market Giant Kalshi Faces Federal Lawsuit Over Khamenei Bet Payout Re...
TLDR: Kalshi is facing a $54 million class-action lawsuit over its refusal to pay out on the Khamenei market. Plaintiffs argue Kal...
Kalshi, Polymarket Discuss Fundraising at $20B Valuations: Report
Prediction market platforms Kalshi and Polymarket are exploring potential fundraising rounds that could value each company at arou...
Kalshi, Polymarket seeking $20 billion valuations in fundraising talks: WSJ
Kalshi, approved by the Commodity Futures Trading Commission, was last valued at $11 billion, while Polymarket was valued at $9 bi...
Kalshi Faces Class Action Lawsuit Over Khamenei Prediction Market Payout
Kalshi is facing a class action lawsuit over how it resolved a prediction market on Iran’s Supreme Leader Ayatollah Ali Khamenei....