An appeals court ruled Monday that New Jersey could not temporarily ban prediction market provider Kalshi, giving the platform a much-needed win …
Sports
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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 …
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A Nevada court issued a 14-day ban on a wide range of contracts from prediction market firm Kalshi as the firm continues …
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Scams
Polymarket, Peter Thiel’s Palantir Eye ‘Surveillance Models’ for Sports Prediction Markets
by shayaanby shayaanIn brief Polymarket is creating surveillance systems for sports-focused prediction markets with Palantir, the firm known for its work with the U.S. …