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U.S. District Judge Katherine Menendez blocked Minnesota from enforcing the first state felony ban on prediction markets days before its Aug. 1 start. The ruling gives Kalshi and Polymarket US…
A prominent Kalshi trader says he asked the exchange to delay a $3.3 million Spotify-market settlement while its enforcement team examined signs of artificial streaming. Kalshi paid the market minutes…
A bipartisan Pennsylvania bill would impose insider-trading rules and consumer protections on prediction markets while blocking gambling companies from supplying their liquidity. The restriction could disrupt market-making strategies pursued by…
The Crypto.com-affiliated exchange behind OG has sued Washington officials before the state takes enforcement action against its prediction markets. The complaint argues that federal commodities law protects OG from state…
The complaint, which includes former BitMEX CEO Arthur Hayes and former CTO Samuel Reed as defendants, alleges that the exchange operated a fraudulent scheme from an insider desk managed by…
Wisconsin election officials say residents who trade contracts tied to an election may become ineligible to vote in that same contest. Kalshi accused the commission of voter suppression and warned…
Offering players worldwide the opportunity to bet on any world event: this is the promise of prediction markets platforms. With the massive success and traction of names such as Polymarket…
A Washington state judge has granted a preliminary injunction against Kalshi after rejecting its argument that federal commodities law overrides state gambling rules. The court found Washington is likely to…
The measure, ordered by Federal Judge Marcelo Martinez, seeks to ascertain the identities of the owners of 25 wallets that moved the funds left after the launch of Libra, and…
A bipartisan group of U.S. lawmakers wants online sportsbooks and prediction markets to scan users’ faces to estimate their age before allowing them to bet or trade. The proposal promises…