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In: betting, Prediction Market, Regulation

Charles Schwab CEO Rick Wurster mentioned the agency is taking a tough have a look at prediction markets linked to monetary occasions. Schwab reported US$11.77 trillion in consumer belongings and document day by day common buying and selling quantity of 9.9 million in Q1. Kalshi and Polymarket’s progress has drawnContinue Reading

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In: Google, Polymarket, Prediction Market

Google confirmed Polymarket betting markets appeared in Information outcomes “in error” and eliminated them, although prediction market knowledge stays built-in into Google Finance. Polymarket has secured partnerships with X, MetaMask, and World App in current months, embedding prediction markets throughout main client platforms. Analyst knowledge confirmed fewer than 0.033% ofContinue Reading

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In: CFTC, Kalshi, Prediction Market

A Third Circuit Court docket of Appeals panel voted 2-1 to dam New Jersey from bringing enforcement motion towards Kalshi, ruling the corporate’s sports activities occasion contracts are topic to federal CFTC authority, not state playing regulation. The ruling marks the primary time a US federal appeals court docket hasContinue Reading

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In: CFTC, Prediction Market

The CFTC and DOJ collectively sued Illinois, Arizona, and Connecticut on April 2 to dam state cease-and-desist orders towards federally regulated prediction market platforms together with Kalshi, Polymarket, and Robinhood. CFTC Chairman Mike Selig cited unique jurisdiction beneath the Commodity Trade Act, asserting that state regulators had been making anContinue Reading

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In: Goldman Sachs, JPMorgan, Prediction Market

JPMorgan Chase CEO Jamie Dimon confirmed the agency is finding out a possible prediction market entry, restricted to monetary and financial contracts, with no launch date set. Goldman Sachs CEO David Solomon referred to as prediction markets “tremendous fascinating” on the agency’s January 2026 earnings name. Weekly prediction market quantityContinue Reading

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In: Polymarket, Prediction Market

P2P.me wager $20,500 from a basis account on Polymarket that its personal MetaDAO fundraise would hit a $6 million goal whereas solely holding a non-binding $3 million dedication. The fundraise missed the purpose by $800,000, but the workforce nonetheless profited roughly $14,700 from the betting place with out the informationContinue Reading

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In: Law, Prediction Market

Democratic lawmakers launched the DEATH BETS Act to ban regulated exchanges from providing contracts linked to struggle, terrorism, or loss of life. The proposed laws sought to take away the CFTC’s discretionary energy by writing particular bans on delicate occasion contracts immediately into federal legislation. Republican management of the SenateContinue Reading

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In: Polymarket, Prediction Market

Polymarket is partnering with Palantir and TWG AI to deploy an AI-driven system monitoring sports activities prediction markets. The platform makes use of the Vergence AI engine to detect manipulation, monitor trades, and display screen prohibited customers in actual time. Prediction markets face rising competitors and regulatory scrutiny, with DraftKingsContinue Reading

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In: Kalshi, Polymarket, Prediction Market

Kalshi and Polymarket are in preliminary talks for brand new funding rounds that might worth every platform at roughly US$20 billion, doubling their most up-to-date valuations of US$11 billion, and US$9 billion, respectively. Mixed month-to-month buying and selling quantity for each platforms reached US$18.3 billion in February 2026, up fromContinue Reading

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In: Iran, Kalshi, Prediction Market

Prediction markets confronted heavy quantity and moral backlash following U.S.-Israeli strikes in Iran that resulted within the dying of Supreme Chief Ali Khamenei. Kalshi drew sharp criticism for its “Ali Khamenei out” contract, with CEO Tarek Mansour defending a settlement course of that pays out primarily based on the last-tradedContinue Reading