Legal
CFTC Forms New Task Force for Crypto, AI, and Prediction Markets
The CFTC launched an Innovation Task Force covering crypto, AI, and prediction markets. Michael J. Passalacqua will lead the new unit under Chairman Michael S. Selig. The task force will work with the Innovation Advisory Committee and coordinate with agencies, including the SEC.
Nevada Wins Temporary Ban on Sports Betting on Kalshi
Nevada’s ban on Kalshi’s sports and election contracts underscores an escalating clash between state gambling regulators and federal derivatives authorities.
Criminal Charges Amp Up Growing State Resistance to Kalshi
Prediction markets’ rapid growth has triggered a jurisdictional clash as state regulators and attorneys general escalate civil and criminal actions against platforms.
Polymarket Seeks Chief Risk Officer After Legal Hiring Spree
Prediction market platform Polymarket is beefing up risk and legal leadership to satisfy CFTC demands as it pushes deeper into regulated US business while rivals also professionalize.
SEC, CFTC Move to Define Which Digital Assets are Securities
US securities and derivatives regulators jointly issued long-awaited crypto asset guidance, narrowing what counts as a security and signaling they’ll move ahead without waiting for Congress.
Arizona Files Illegal-Gambling Charges Against Predictions Platform Kalshi
Arizona’s criminal case against Kalshi underscores an escalating jurisdictional clash between states and federal regulators.
Why Prediction Market?
Prediction markets are not just platforms for trading; they are real-time engines of collective intelligence. Unlike traditional static reports or polls, a prediction market is a continuous forecasting model where probabilities shift instantly as new information surfaces. When opinions are priced, the future stops being a guess and becomes
CFTC Offers First Guidance on Manipulation in Prediction Markets
CFTC moved slightly to tighten oversight of booming prediction markets, urging pre-launch consultation on risky contracts and launching rulemaking to assert its authority over sports and geopolitical bets.
The Wildest Frat Party on Campus? Prediction Markets
Prediction markets Kalshi and Polymarket are aggressively courting college students as users and influencers, fueling insider-trading concerns, undisclosed ads and growing alarm over youth gambling risks.
Bets on Fate of Iran’s Khamenei Spark Uproar at Leading Prediction Markets
Prediction markets face mounting political and regulatory scrutiny after lucrative bets on Iran’s Khamenei and U.S. strikes raised insider-trading and war-profiteering concerns.
