Kalshi sanctioned three political candidates for betting on their own races. Virginia’s Mark Moran says he broke the rules deliberately to expose flaws.
Browsing: Prediction Markets
New York AG sues Coinbase and Gemini, claiming prediction markets violate gambling laws. Legal action seeks platform closure and financial penalties.
Massachusetts gaming regulator warns prediction markets exploit age loopholes to target under-21 users, launches blocking software partnership.
Singapore users are bypassing Polymarket’s ban, placing over $100K daily on crypto prediction markets. Authorities warn of fines and jail time for violations.
Kalshi’s sports prediction markets face legal challenges as federal courts split on whether they’re regulated swaps or illegal gambling operations.
Federal appeals court blocks New Jersey from enforcing gambling laws against Kalshi. Judge dissents, experts predict Supreme Court battle ahead.
FIFA’s World Cup prediction partner ADI Predictstreet operates without a website, holds limited licensing, and features an executive with insider trading history.
Prediction markets Polymarket and Kalshi reached record traffic in March 2026, surpassing 2024 election peaks as Iran conflict betting sparks growth.
Polymarket and Kalshi set traffic records in March 2026, driven by Iran war betting markets despite growing ethical concerns over geopolitical wagering.
The CFTC received 750+ mostly critical comments on prediction market rules, with lawmakers and public raising gambling and manipulation concerns.