Tag: Kalshi

The legal battle over US prediction markets intensified on Friday after the Commodity Futures Trading Commission (CFTC) asked a federal court to stop New York from taking action against federally regulated platforms, just hours after New York Attorney General Letitia James filed a lawsuit against Kalshi. The dispute centres on ...

The legal battle over prediction markets in the United States has intensified after the Commodity Futures Trading Commission (CFTC) directed Kalshi to continue operating in Michigan, despite a state court order requiring the platform to stop offering sports event contracts. The dispute adds new uncertainty for federally regulated prediction markets, ...

James Comer, who leads the House Oversight Committee, has started an investigation into the prediction platforms Kalshi and Polymarket. He is looking into possible insider trading related to world events and elections.  Comer has asked both companies to explain how they check user identities, set location restrictions, and spot suspicious ...

Kalshi and Polymarket are intensifying their efforts in Washington as U.S. lawmakers weigh new regulations to curb what some call "wild west" behaviour in prediction markets. This legislative push follows a series of high-profile, suspiciously timed bets on geopolitical events, including military actions in Iran and Venezuela, which have raised ...

A bipartisan effort is gaining traction in Washington as two U.S. senators push new legislation aimed at tightening control over prediction markets, particularly those tied to sports and casino-style activities. The proposal signals a growing concern among lawmakers over how these fast-rising platforms operate and who should regulate them. Lawmakers ...

Quick Breakdown  A tech researcher uncovered screenshots suggesting Coinbase is developing a Kalshi-backed prediction markets platform. The interface allows participation in events across politics, sports, science, economics and more using USDC or USD. The move aligns with a wider industry push, as Crypto.com and Gemini also race to launch competing ...

 Quick Breakdown  Jupiter debuts a beta prediction market supported by Kalshi, starting with the Mexico Grand Prix. Early trading shows Max Verstappen leading the bets, with over $52,000 volume in hours. The launch underscores the rising popularity of on-chain prediction markets, led by Polymarket’s dominance.   Jupiter enters the prediction ...