Commodity Futures Trading Commission Chairman Michael S. Selig desires to run the fee with “minimal” regulation on prediction markets. But getting it won’t be that simple. Selig laid out the way forward for the company in an op-ed for the Washington Post on Jan. 20. With bombastic, expansionist language that linked blockchain and prediction markets…
Portugal’s gaming regulators are shifting ahead with plans to order the nation’s web service suppliers to dam entry to crypto-native prediction market platform Polymarket. The order got here following reviews of enormous buying and selling quantity in Polymarket’s Portuguese presidential election markets. Two days earlier than the Jan. 18 election, Portugal’s playing regulatory physique, Serviço…
The New York Stock Exchange introduced right this moment that it’s constructing a brand new platform that may let buyers commerce tokenized shares and ETFs 24 hours a day, seven days per week. The system will permit buyers to purchase fractional shares in greenback quantities and settle trades immediately utilizing digital tokens and stablecoins, quite…
After a busy weekend for NFL buying and selling on Kalshi and Polymarket, each platforms noticed week-over-week will increase in notional quantity to attain new weekly all-time highs. Top prediction market exchanges total reached a brand new high level as nicely, totaling simply shy of $6 billion in notional quantity for the week of Jan….
FanDuel unveiled its prediction market platform, FanDuel Predicts, simply earlier than Christmas, following the launches of comparable prediction merchandise from a few of its largest sports activities betting and fantasy sports activities rivals. This week, FanDuel Predicts grew to become out there in all 50 states, making FanDuel the primary sports activities gaming operator to…
Las Vegas-based High Roller Technologies is transferring into the U.S. prediction market area with a devoted new product, following two partnership bulletins signaling how the corporate plans to construct, distribute and market the providing. This week, High Roller introduced a partnership with Crypto.com | Derivatives North America, the CFTC‑registered alternate and clearinghouse affiliate of Crypto.com,…
Bryson DeChambeau is a Kalshi man now. Top CFTC-regulated prediction trade Kalshi has teamed with skilled golfer Bryson DeChambeau for its first athletic endorsement deal. As a part of the association, DeChambeau will seem in “a TV industrial, social media posts, reside appearances and promotions, branded content material, and extra.” “Kalshi is constructing one thing…
The fantasy sports activities app Sleeper has lastly cleared a regulatory hurdle that delayed its plans to start providing sports activities prediction markets. The National Futures Association permitted Sleeper’s requests for NFA membership, in addition to designation as each a swap agency and a Futures Commission Merchant (FCM). Sleeper first submitted for NFA clearance final…
The Coalition for Prediction Markets (CPM) introduced at the moment that it has appointed two former members of Congress to key roles. Former Democratic Representative Sean Patrick Maloney will function CEO and President of the just lately shaped prediction market business commerce group, whereas former Republican Representative Patrick McHenry joins the group as a Senior…
The insider buying and selling suspicions surrounding the Nicolás Maduro “seize” market on Polymarket shortly made nationwide headlines and prompted plenty of political responses calling for stricter insider buying and selling laws for prediction markets. But the details behind what truly occurred, and essential nuances round the place it happened, have been extensively misunderstood, arguably…