Prediction markets are treating Kevin Warsh’s first Federal Reserve assembly as greater than only a fee determination. The fee determination itself seems shut to settled. Traders on Kalshi and Polymarket overwhelmingly anticipate the Fed to maintain charges regular Wednesday, leaving little suspense across the central financial institution’s anticipated 2 p.m. ET coverage announcement. But Warsh’s…
Novig is positioned to turn into the subsequent peer-to-peer sports activities buying and selling platform to maneuver from a sweepstakes mannequin right into a Commodity Futures Trading Commission (CFTC)-regulated prediction market framework, after the company authorized designated contract market (DCM) standing for Ludlow Exchange, an entity tied to the corporate. The approval got here the…
ProphetX has cleared the ultimate regulatory step to launch as a federally-regulated prediction market alternate, giving one of many extra sports-focused candidates within the present wave of Commodity Futures Trading Commission (CFTC) filings a path to market at a second when sports activities occasion contracts stay below intense scrutiny. The CFTC accepted ProphetX’s designated contract…
Kalshi is including one other layer of market integrity safeguards as prediction markets proceed to face questions over insider buying and selling and using nonpublic info to position worthwhile trades. The federally regulated prediction market alternate stated it would start utilizing a new danger scoring system for markets, accumulate employment info from some merchants earlier…
The 2026 World Cup is already turning into a prediction market occasion that stretches nicely past the pitch. Kalshi and Polymarket are itemizing World Cup markets tied not solely to match winners and match futures, but in addition to the spectacle surrounding the match, together with whether or not Cristiano Ronaldo cries, whether or not…
DraftKings reported a second straight month of double-digit progress in its prediction markets enterprise on Monday, with each shopper and complete buying and selling quantity climbing month-over-month — although the tempo of these positive factors eased from April, because the December launch laps its earliest comparisons. In a Form 8-K filed June 9, the corporate…
As extra sportsbook operators transfer into prediction markets, considered one of the subsequent questions is which firm might comply with FanDuel, DraftKings and Fanatics into the U.S. occasion contract-trading enterprise. Bet365 has emerged as a pure candidate. The international sportsbook operator has develop into considered one of the extra credible second-tier challengers in U.S. sports…
Skip the sophisticated bracket contests. Kalshi simply introduced the simplest $1 Million Soccer Cup contest forward of this week’s kickoff. This is a free-to-enter World Cup contest with a $1,000,000 prize pool and tickets to the finals. The prize pool might be shared amongst everybody who accurately predicts the winner of the 2026 FIFA World…
Robinhood is utilizing the 2026 World Cup to carry Rothera deeper into its prediction markets enterprise, increasing the app’s soccer providing simply days after the Robinhood-backed alternate started powering its first occasion contracts. The firm stated Thursday that it’s launching World Cup markets protecting particular person matches, group and event winners, spreads, totals, participant contracts…
Days after a federal jury convicted short seller Andrew Left of moving stock prices through public commentary for personal profit, CFTC Chairman Mike Selig said the same logic applies to prediction markets. “If somebody is engaging in behavior to drive up the price artificially, of course, we’re gonna consider a manipulation action,” Selig said Tuesday…