Congress, state regulators, and the prediction market trade itself agree that casino-related prediction market contracts ought to be off limits. But as that door closes, a gaming lawyer says {that a} window could also be opening for a brand new era of gray-area on line casino merchandise that neither the CFTC nor state playing regulation…
Interactive Brokers is increasing its prediction markets providing, giving eligible purchasers entry to occasion contracts from Kalshi, CME Group and ForecastEx via a single buying and selling platform. The launch marks a notable enlargement for Interactive Brokers ($IBKR), which already provided prediction market buying and selling via ForecastEx, its wholly owned CFTC-regulated alternate and clearinghouse….
Key Takeaways ▸ Moomoo plans to launch U.S. occasion contract buying and selling by means of Moomoo Financial Inc., which NFA data present was permitted May 1 as an NFA member, FCM and swap agency. ▸ The transfer would add one other scaled retail brokerage app to the prediction-market distribution race, although Moomoo has not…
Key Takeaways ▸ In its Q1 earnings launch, DraftKings mentioned April annualized prediction markets buying and selling quantity topped $2.3 billion whereas buyer acquisition prices fell greater than 80%. ▸ DraftKings mentioned it expects to launch its personal Railbird alternate within the coming weeks, a transfer that would cut back DraftKings Predictions’ reliance on third-party…
Key Takeaways ▸ In earnings report, Flutter stated FanDuel Predicts produced immaterial Q1 income whereas the corporate is protecting its roughly $300 million 2026 funding plan intact. ▸ Flutter is making ready a much bigger FanDuel Predicts push across the World Cup and NFL season after folding prediction markets into the principle FanDuel app for…
Key Takeaways ▸ Limitless Markets US, LLC has utilized for CFTC approval to function as a federally regulated derivatives change, the identical designation utilized by prediction market operators together with Kalshi, Crypto.com Derivatives North America, and Polymarket US. ▸ Limitless’ present blockchain-based change has grown shortly on Base, with Dune analytics displaying roughly $3.9 billion…
Prediction market merchants can now commerce on who they suppose shall be within the first halftime present in FIFA World Cup Final historical past. Polymarket and Kalshi have each opened contracts on which artists will carry out through the July 19 last at MetLife Stadium in East Rutherford, New Jersey, with FIFA projecting a world…
Key Takeaways ▸ Responsible buying and selling protections in prediction markets stay largely voluntary, not like in state-regulated betting markets. ▸ Kalshi and sportsbook-linked apps have launched accountable buying and selling instruments, however protections differ extensively throughout platforms. ▸ Comments from the National Council on Problem Gambling to the CFTC a couple of want for…
Gemini acquired a Derivatives Clearing Organization license from the Commodity Futures Trading Commission, ending the trade’s reliance on third-party clearing for its prediction markets and giving it direct management over the derivatives stack. Cameron Winklevoss introduced the approval on X, calling the license a serious constructing block for the corporate’s tremendous app. We are excited…
Key Takeaways ▸ Robinhood reported a report quarter for prediction markets, with 8.8 billion occasion contracts traded. ▸ The firm is making ready to launch its Rothera alternate later in Q2, enabling it to checklist and clear contracts in-house moderately than counting on third-party exchanges like Kalshi. ▸ April buying and selling exercise suggests prediction…