Browsing: Prediction Markets

Five Democratic lawmakers demand answers from sportsbook and prediction market CEOs about advertising tactics targeting young adults aged 18-24.

DraftKings surpassed Q1 expectations with $1.65B revenue and $168M EBITDA. Its market-making division turned profitable faster than anticipated.

DraftKings expands micro betting in prediction markets despite facing addiction lawsuits and a New Jersey ban, as regulatory challenges mount nationwide.

AIBM’s Jonathan Cohen advocates for evidence-based oversight of prediction markets and sports betting, highlighting inadequate protections for young users.

Clear Street integrates with Kalshi as first institutional FCM, enabling hedge funds and asset managers to trade regulated event contracts on prediction markets.

Kalshi confronts pivotal court hearings in two states while Flutter, DraftKings, and Wynn reveal Q1 earnings. Gaming bills progress nationwide.

Polymarket negotiates with CFTC to bring its prediction market platform back to US users after 2022 ban, while rival Kalshi thrives under regulation.

Ohio Senator Bill DeMora introduces SB 430 requiring prediction markets to obtain licenses and pay taxes like sportsbooks amid federal court battles.

Brazil blocks Kalshi, Polymarket, and 25 other prediction market platforms, classifying them as illegal gambling under Law 14.790/2023.

NY Governor Hochul bans state employees from using insider info on prediction markets. Order follows reports of $1B+ in suspicious government-linked trades.