In brief Wisconsin Attorney General Josh Kaul has filed complaints targeting Kalshi, Polymarket, Robinhood, Crypto.com, and Coinbase over their prediction market offerings. …
Sports
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Regulation
CFTC presses case that sports betting is finance, seeks to block Arizona enforcement
by shayaanby shayaanThe U.S. government is making its clearest case yet that betting on sports can be regulated as finance, not gambling. In a …
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Regulation
Appeals court blocks New Jersey from shutting down Kalshi’s sports markets
by shayaanby shayaanAn appeals court ruled Monday that New Jersey could not temporarily ban prediction market provider Kalshi, giving the platform a much-needed win …
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A state judge ruled that Kalshi’s prediction markets offering sports bets were “indistinguishable” from gambling, and extended a temporary ban in Nevada. …
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Finance
Pumpcade Raises $1M to Make Prediction Markets Instant — 60-Second Bets on Crypto, Sports & More
by shayaanby shayaanNEW YORK — Pumpcade, the lightning-fast prediction markets platform, today announced a $1 million pre-seed funding round led by Pump.fun, with participation …
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Markets
CFTC sues Illinois, Arizona, Connecticut over states' sports prediction market efforts
by shayaanby shayaanThe CFTC argued in a lawsuit that the Commodity Exchange Act gave it “exclusive jurisdiction” over all swaps, which include prediction markets. …
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Playnance is expanding into sports and esports, bringing millions of live events on-chain through an integration with SOFTSWISS. The move connects real-world …
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Prediction markets spent years trying to present themselves as smarter, better, and more useful than straight-out gambling. Then sports arrived and did …
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Senators Adam Schiff and John Curtis are introducing legislation to bar CFTC-regulated prediction market platforms from offering contracts tied to sporting events. …
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Regulation
Kalshi and Polymarket Face Senate Ban: End of Sports Betting on Prediction Markets?
by shayaanby shayaanA Republican and a Democrat just introduced a bill to ban sports betting on Kalshi and Polymarket. Kalshi is already facing criminal …