By hosting manipulable contracts, prediction markets swap their long-term credibility for short-term engagement. www.coindesk.com
Prediction
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Smart Contracts
Gemini Faces Class-Action Suit Over Prediction Market Pivot, Plummeting Stock Price
by shayaanby shayaanIn short Gemini is being sued by shareholders for allegedly misleading investors and concealing its pivot to prediction markets. Founders Tyler and …
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Smart Contracts
Nevada Becomes First State to Ban Prediction Market Kalshi—At Least for Now
by shayaanby shayaanIn short Kalshi was temporarily banned in Nevada, shutting down the sports, politics and entertainment markets for at least a fortnight. A …
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Markets
Bitcoin To Rally 250% This Year? Crypto Founder’s Bullish Prediction Shows New ATHs
by shayaanby shayaanArthur Hayes, co-founder of BitMEX, has reiterated his $250,000 year-end price target for Bitcoin. With Bitcoin trading around $70,100, that target would …
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Regulation
US lawmakers introduce bill to crack down on prediction markets war bets
by shayaanby shayaanTwo Democratic lawmakers in the US Congress have introduced legislation in response to “government corruption” over bets on prediction markets platforms. In …
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Regulation
Arizona Attorney General files criminal charges against prediction market Kalshi
by shayaanby shayaanArizona Attorney General Kris Mayes filed criminal charges against Kalshi Tuesday, charging the prediction markets platform with operating an unlicensed gambling business …
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Large financial institutions are beginning to address how existing compliance frameworks apply to prediction markets, marking one of the first clear signs …
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Regulation
U.S. Democrats target government officials gaming prediction markets on war action
by shayaanby shayaanDemocratic lawmakers are trying to put a stop to potential manipulation of prediction markets by government officials who bet on events they …
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Prediction market activity has climbed sharply as traders flock to contracts tied to the escalating US-Iran conflict, while Washington moves toward clearer …
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Regulation
The CFTC starts crackdown on the growing insider problem in prediction markets
by shayaanby shayaanOn Mar. 12, the Commodity Futures Trading Commission (CFTC) issued a staff advisory telling exchanges to tighten surveillance on event contracts. Simultaneously, …