On the identical morning that greater than 40 Democratic lawmakers pressed the Trump administration to situation steerage barring federal staff from utilizing insider info to commerce on prediction markets, Kalshi plastered Washington, D.C. with inexperienced billboards. The messages goal quite a few misconceptions rising in politically-motivated rhetoric directed at prediction markets. Namely, Kalshi is emphasizing…
The National Football League is pushing prediction market platforms to keep away from providing sure contracts that the league believes are weak to manipulation. According to a report from ESPN, the NFL despatched letters to operators together with Kalshi and Polymarket requesting that they not provide markets tied to outcomes that may be influenced by…
A member of Congress has moved to limit prediction market exercise inside his personal workplace, marking a first-of-its-kind step as lawmakers more and more scrutinize the position of insider info in occasion contract buying and selling. Rep. Seth Moulton (D-Mass.) introduced Wednesday that his workplace will prohibit workers from collaborating in prediction markets, together with…
Reports have come out that Coinbase has as soon as once more rejected assist for the newest draft of the Clarity Act, underscoring rising trade resistance to proposed restrictions on stablecoin yield. According to a scoop acquired by Punchbowl News, the cryptocurrency change raised considerations with Senate officers over updates to stablecoin yield provisions, marking…
Prediction markets tied to a possible Iran ceasefire are drawing renewed scrutiny after merchants positioned for de-escalation forward of a market-moving shift in U.S. coverage, elevating contemporary questions on whether or not insider buying and selling could also be enjoying a job. The exercise has targeted consideration on Polymarket’s worldwide platform, the place markets tied…
A brand new bipartisan Senate invoice would prohibit sports activities occasion contracts on prediction market platforms, marking the primary bipartisan congressional effort to deal with the sector’s enlargement into areas historically related to sports activities betting. The laws, backed by Sen. Adam Schiff (D-Calif.) and Sen. John Curtis (R-Utah), would prohibit sports activities occasion contracts…
Until lately, the federally regulated prediction market trade largely revolved round a single alternate. For a number of years, Kalshi operated as the solely energetic Commodity Futures Trading Commission-approved platform providing occasion contracts to U.S. retail merchants. That panorama is now shifting quickly. Since the begin of 2025, 20 new Designated Contract Market filings or…
Thursday’s closed-door GOP crypto market construction assembly signaled progress is being made on a compromise on stablecoin yield; nonetheless, conversations stay in a “delicate state,” crypto journalist Eleanor Terrett reported on Twitter. Senator Cynthia Lummis’s press workforce highlighted that discussions surrounding stablecoin yield are “99% of the best way there,” whereas negotiations on the digital…
Major League Baseball is getting into the prediction market area simply days earlier than Opening Day, placing a partnership with Polymarket whereas additionally signing a first-of-its-kind settlement with the Commodity Futures Trading Commission (CFTC) to coordinate on market oversight. The Polymarket deal provides the alternate entry to official league information and branding. MLB and the…
The litigation staff defending Kalshi unpacked the Commodity Futures Trading Commission’s (CFTC) recent steerage on prediction markets throughout a webinar this week. The regulation agency Milbank hosted “The CFTC’s New Guidance on Prediction Markets: What You Need to Know” on Tuesday. The CFTC released a regulatory expectations advisory and an Advanced Notice of Proposed Rulemaking…