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Prediction Markets

All articles tagged with #prediction markets

Kalshi penalizes MrBeast editor for insider trading amid wider market scrutiny
business2 days ago

Kalshi penalizes MrBeast editor for insider trading amid wider market scrutiny

Kalshi fined Artem Kaptur, a MrBeast editor, over trading on non-public information and suspended him for two years with a $20k+ fine; another case saw Kyle Langford fined over $2,000 and suspended five years for betting on his own candidacy. Kalshi says it has about 200 open investigations with over a dozen active cases and has reported both incidents to the CFTC, underscoring ongoing concerns about insider trading in prediction markets.

via BBC|
#business#enforcement#insider-trading
Nevada’s Kalshi clash tests whether prediction markets count as sports betting
business7 days ago

Nevada’s Kalshi clash tests whether prediction markets count as sports betting

Nevada regulators are pursuing civil action against Kalshi, contending its prediction-market contracts amount to illegal sports betting under state law, while Kalshi argues they are a regulated financial exchange; the fight has shifted from state court to federal court and highlights a broader national debate over whether prediction markets fall under gaming or financial regulation, with potential implications for their legality and reach across the United States.

via NBC News|
#business#cftc#kalshi
Prediction Markets Enter a High-Stakes Regulatory War
regulation7 days ago

Prediction Markets Enter a High-Stakes Regulatory War

The U.S. regulatory fight over prediction markets such as Kalshi and Polymarket is intensifying, with advocates arguing the platforms offer fair, investor-driven markets and regulators pressing for state-agnostic gambling laws; Kalshi operates nationwide while Polymarket, banned in 2022, has returned in a limited form. Dozens of lawsuits target Kalshi, the CFTC asserts exclusive authority, and lawmakers on both sides of the aisle are weighing actions—signaling a long, contentious battle rather than a quick resolution.

via WIRED|
#cftc#kalshi#polymarket
CFTC Takes Federal Side in Prediction Market Fight Against States
business10 days ago

CFTC Takes Federal Side in Prediction Market Fight Against States

The CFTC, led by Chairman Michael Selig, filed a friend-of-the-court brief backing Crypto.com and arguing that prediction markets fall under federal regulation rather than state gambling laws, signaling a major stance in the clash over how these platforms should be regulated as states like Massachusetts and Nevada push restrictions and industry advocates tout the markets as financial exchanges under CFTC oversight, with Kalshi reporting large trading volumes such as for the Super Bowl.

via NBC News|
#business#cftc#cryptocom
CFTC presses federal reach over prediction markets amid state challenges
business11 days ago

CFTC presses federal reach over prediction markets amid state challenges

The CFTC, led by Chair Michael Selig, filed an amicus brief in federal court asserting exclusive federal jurisdiction to enforce and regulate prediction markets, arguing these event contracts are swaps under CFTC rules. With nearly 50 active cases against platforms like Kalshi and Polymarket, the agency aims to curb state prohibitions and hints at new rules, while preparing to defend its authority in court, including a related Ninth Circuit case involving Crypto.com and the Nevada Gaming Control Board.

via CNBC|
#business#cftc#kalshi
US Regulators Clash with Kalshi and Polymarket Over Booming Prediction Markets
business11 days ago

US Regulators Clash with Kalshi and Polymarket Over Booming Prediction Markets

Regulators and lawmakers across the US are escalating legal battles against prediction-market platforms Kalshi and Polymarket, arguing they operate like unregulated gambling and should face state licensing; the CFTC is defending its exclusive federal jurisdiction as lawsuits, injunctions, and new bills mount. The market has seen huge volumes (e.g., over $1B on Kalshi during the Super Bowl), spurring traditional sportsbooks to launch competing platforms. Courts are weighing whether these event-derivative contracts fall under federal commodities law or state gaming rules, with potential Supreme Court involvement. The debate centers on consumer protections, insider trading risk, and the future of a nationwide regulatory framework rather than patchwork state laws.

via The Guardian|
#business#cftc#kalshi
Democrats Urge CFTC to Stay Out of Prediction Market Litigation
regulation14 days ago

Democrats Urge CFTC to Stay Out of Prediction Market Litigation

A group of 23 Democratic senators led by Adam Schiff urged the CFTC to refrain from weighing in on ongoing state and federal lawsuits over the legality of Kalshi and Polymarket, arguing the platforms lack protections and touch on prohibited events. The letter pushes the agency to bar certain contracts, while the CFTC maintains exclusive jurisdiction over derivatives, highlighting a broader regulatory clash as lawsuits unfold.

via WIRED|
#cftc#kalshi#polymarket
Prediction Markets Expand Betting Across Everyday US Life
business20 days ago

Prediction Markets Expand Betting Across Everyday US Life

Axios reports that prediction markets and online sportsbooks are normalizing betting in the U.S., enabling wagers on nearly any event—from sports and elections to weather and commentary language—via platforms like Polymarket and Kalshi. The trend, aided by media partnerships and corporate hedging, prompts concerns about addiction, fairness, and regulatory oversight as the gambling culture widens.

via Axios|
#addiction#business#gambling
Prediction markets accused of amplifying fake news on social platforms
business27 days ago

Prediction markets accused of amplifying fake news on social platforms

Axios reports that Kalshi and Polymarket, leading prediction markets, have become vectors for viral misinformation by posting unverified or misleading content on social media, often with lax journalistic norms, raising concerns about their role in shaping public understanding of crises while regulators push for legitimacy and caution about engagement-driven claims.

via Axios|
#business#kalshi#misinformation