Regulatory
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.
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.
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.
Prediction Markets Picked Texas Democratic Primary Winner But Missed on GOP Race
Texas’s Senate primaries underscore how liquid prediction markets can sometimes outpace traditional polls in gauging election outcomes, yet still misfire in complex, high-profile races.
DraftKings Is Using Its Sports-Betting Playbook to Win Prediction Markets Race
DraftKings is leveraging its dominant sports-betting infrastructure to push regulated prediction markets nationwide, targeting untaxed, higher-margin revenue and challenging early leader Kalshi despite investor impatience.
Iran Strikes Expose the Dark Edge Case of Prediction-Market Era
The weekend's real-world assassination of Khamenei has exposed the severe ethical and legal fault lines in an industry's quest to legitimize betting on geopolitical violence.
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.
Polymarket Insider-Trading Bet May Have Attracted More Insiders
Can you insider-trade on an investigation into your own insider trading?
Kalshi reveals insider trading case against editor for MrBeast
Kalshi suspended and fined a MrBeast editor and a California gubernatorial candidate for alleged insider trading, referring both cases to the CFTC as the booming prediction-market industry faces mounting scrutiny over market manipulation.
Brazil approves first prediction markets as financial securities
As the US gambling industry grapples with the emergence of prediction markets, Brazil financial regulators are opening up to similar event markets. The Brazilian Securities and Exchange Commission, CVM, this week gave a green light to B3 to become the first prediction market operator in Brazil. B3 plans to launch