The U.S. Commodity Futures Trading Commission added Wisconsin to the list of states it's sued over event-contract jurisdiction, most recently New York.
Polymarket is exploring a path to bring its main exchange back to the United States, according to reporting from Bloomberg.
If approved, the move would help Polymarket compete with Kalshi in the U.S., and bring more event-trading activity under CFTC regulatory oversight.
A working paper analyzing every Polymarket trade between 2023 and 2025, finds that about 3% of accounts generate the bulk of price discovery.
The dueling actions mark the fourth state the CFTC has sued in three weeks and come three days after New York's AG sued Coinbase and Gemini.
Finance Minister Dario Durigan said some 28 betting platforms were banned in the country amid rising concerns about online gambling.
The Wisconsin DOJ sued Kalshi, Robinhood, Coinbase, Polymarket, and Crypto.com, alleging sports event contracts violate state gambling law.
The state's complaint highlights language used by prediction market platforms as language for gambling, not investing.
The DOJ arrested a U.S. Army soldier accused of using confidential information to place bets on the prediction market Polymarket.
The DOJ arrested a U.S. Army soldier accused of using confidential information to place bets on the prediction market Polymarket.
The U.S. Department of Justice said Thursday it had arrested a soldier in the U.S. Army for placing bets on Polymarket about the Nicolas Maduro raid.
Top prediction market platforms, including Kalshi and Polymarket, are rushing to offer highly leveraged crypto derivatives at the exact moment state and federal authorities are clashing in court over whether the industry’s core products constitute illegal betting or legitimate financial instruments. Over the past year, these companies have gained national prominence by facilitating wagers on […]
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Polymarket prices low odds of a system-wide redistribution, as the protocol weighs how to handle an undercollateralized rsETH supply
Polymarket had a $9 billion post-money valuation in October after Intercontinental Exchange agreed to invest up to $2 billion.
Selig faced heat from lawmakers on how he plans to oversee prediction markets and whether it has the headcount to do it.
Chairman Mike Selig faces explosive new market duties with crypto and prediction markets, where he said "numerous investigations" have begun.
The broker said prediction markets are scaling into a trillion-dollar asset class, driven by regulatory clarity, crypto rails and distribution via major trading platforms.
Selig said states do not have the ability to police prediction market providers, echoing his agency's stance as it pursues court cases to cement its authority.
Polymarket’s plan to roll out its own collateral token sounds, at first glance, like the kind of move that should eat into Circle's USDC. A platform swaps out USDC.e, introduces Polymarket USD, and the obvious retail question follows almost immediately: Does that mean less demand for USDC? The short answer is no. Polymarket USD is […]
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Polymarket has integrated Pyth Network to resolve daily markets on gold, crude, and more than a dozen U.S. equities.
The CFTC said it will defer to major sports leagues on which kinds of prediction market contracts are most vulnerable to manipulation.
Prediction markets spent years trying to present themselves as smarter, better, and more useful than straight-out gambling. Then sports arrived and did what elections, inflation contracts, and policy wagers never quite managed: it brought scale. They turned what was essentially a niche event trading activity into a mass product, and pushed the industry into a […]
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Prediction markets have surged past $20 billion in monthly volume, driven by geopolitics, U.S. politics, and macroeconomic event trading.
NYSE parent ICE has invested another $600 million into Polymarket as prediction markets attract growing institutional interest.
The prediction market and MLB will exclusively work together "to restrict markets that present an integrity risk."
Brahma might be able to bolster liquidity for Polymarket's lower-profile wagers that do not attract large pools of capital.
The ruling directs internet providers to block access to the site, and Apple and Google to remove or restrict Polymarket's mobile apps.
Argentina has ordered a nationwide block of Polymarket, adding to growing scrutiny of prediction market platforms globally.
The threats appear tied to a market contract with more than $14 million wagered on whether Iran carried out a strike on Israel on a specific date.
Polymarket and Kalshi are trying to raise money at valuations that put them in the top tier of consumer-fintech names, even as Washington moves closer to writing new rules for the product they sell. Both companies are reportedly in early fundraising talks that could value each at around $20 billion. That fundraising chatter is taking […]
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