News
Homophones, Plurals and Language ‘Rulescucks’ Are Roiling Prediction Markets
Prediction markets’ push to turn messy language into binary bets is forcing platforms into increasingly arbitrary, code-friendly rulebooks that undermine their claims to objective truth.
Kalshi, Polymarket Founders Back New Prediction Market VC Fund
A new $35 million venture fund, 5c(c) Capital, backed by prediction-market rivals Kalshi and Polymarket and top VCs, signals growing institutional confidence in regulated betting exchanges.
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.
Polymarket’s Latest Pop-Up Is a Sports Bar for Watching the News
Prediction platform Polymarket is courting Washington with a pop-up “Situation Room” bar even as US lawmakers and regulators move to clamp down on the controversial betting industry.
Major League Baseball Steps Into the Prediction Markets, Strikes Deal With Polymarket
MLB is partnering with Polymarket and the CFTC to engage prediction markets while trying to guard against game manipulation.
How ‘Irrelevant’ Prediction Market Detail Led to Death Threats
Fast-growing prediction markets are exposing a core weakness as disputed contracts and after-the-fact trading create incentives to distort information and intimidate reporters.
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.
Colombia’s Real Threat Is Not Political
Colombia’s unexpectedly competitive three-way presidential race heightens investor anxiety, as a fragmented Congress and wary electorate imperil the deep fiscal tightening needed to avoid a confidence crisis.
Polymarket Five-Minute Bets Capture ‘Addictive’ Crypto Craze
Ultra-short-term crypto prediction markets are booming as five-minute bets surge in volume, concentrating profits among algorithmic traders and raising new speed and fairness concerns.
