Venture capital firm Andreessen Horowitz argued that state prediction market restrictions could drain liquidity and limit market access.
Retail dominated as prediction market volume reached $25.7B last month, with crypto accounting for nearly 40% of activity among new users.
Roundhill’s SEC filing set a May 5 effective date for its prediction market ETFs, which analysts say could pave the way for a launch next week.
Polymarket is exploring a path to bring its main exchange back to the United States, according to reporting from Bloomberg.
A working paper analyzing every Polymarket trade between 2023 and 2025, finds that about 3% of accounts generate the bulk of price discovery.
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 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.
Both Coinbase and Binance are offering users access to prediction markets as interest in wagering on the outcomes of different events swells.
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.
Binance Wallet has integrated Predict.fun prediction markets and is sponsoring all gas fees on BNB Smart Chain.
Kalshi said that although sports data will not initially be part of the Fox deal, it may become part of the partnership in the future.
A court handed prediction markets a victory, ruling that New Jersey does not have explicit authority over sports-related event contracts.
The CFTC is suing Illinois Governor JB Pritzker and the state, escalating its effort to assert its oversight over prediction markets.
The Binance co-founder recently said the upcoming World Cup should boost activity on prediction markets, which let user wager on sports.
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 market platforms are tightening trading restrictions and surveillance tools as concerns grow over insider participants.
Prediction markets have surged past $20 billion in monthly volume, driven by geopolitics, U.S. politics, and macroeconomic event trading.
ARK said it would use Kalshi to “hedge exposure to discrete outcomes that impact portfolio positions” and macroeconomic risks.
Two U.S. lawmakers have introduced a bipartisan bill to ban government officials from trading on prediction markets.
Nevada is reportedly halting the operations of prediction market Kalshi within the state — at least for now.
Brahma might be able to bolster liquidity for Polymarket's lower-profile wagers that do not attract large pools of capital.
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.
Prediction markets platforms like Kalshi and Polymarket are seeing record trading volumes and valuations near $20 billion each.
The bill comes as the CFTC reviews its approach to event-based prediction markets, preparing new guidance to clarify how they should operate.
Sen. Murphy plans legislation banning prediction market bets on government actions after $1 million in profits tied to Iran strike contracts.