Tribal nations launch legal battles against Kalshi and Polymarket, claiming prediction markets violate gaming laws and threaten billions in casino revenue.
Browsing: Prediction Markets
CFTC launches legal battles against three states over prediction market authority as the NFL demands bans on injury-related betting contracts.
JPMorgan Chase explores prediction markets for economic data while CEO Jamie Dimon rules out sports betting and political wagers due to regulatory concerns.
Wall Street pours billions into Polymarket and Kalshi, but the legal status of prediction markets remains unresolved amid gambling vs. derivatives debate.
Gibraltar licenses Predict Street Ltd as first prediction market operator, contrasting with European bans. Platform targets FIFA World Cup 2026 partnership.
The National Football League issued formal demands to Kalshi and Polymarket to eliminate betting markets vulnerable to insider trading and manipulation.
Texas Lt. Gov. Dan Patrick orders legislative study of prediction markets, alleging platforms exploit federal laws to circumvent state gambling restrictions.
Kalshi’s partner Kinetic Markets receives NFA approval as futures commission merchant, paving way for margin trading on prediction markets pending CFTC sign-off.
Israeli Air Force major indicted for using classified intelligence to profit $160K+ on Polymarket. Investigation uncovers widespread betting in military.
Survey reveals 81% of Americans view sports prediction markets as gambling, not investing. States file lawsuits as operators face mounting pressure.