Prediction Markets News

The BETS OFF Act from two Democratic lawmakers came in response to several “highly unusual bets” on the US-Israel conflict with Iran, suggesting insider information.

A Kalshi spokesperson said that the criminal case was based on ”paper-thin arguments” and claimed the company was exclusively under federal jurisdiction.

A Buenos Aires court instructed Argentina's telecom agency ENACOM to block Polymarket nationwide, citing unauthorized gambling concerns.

Critics have been warning that prediction markets tied to wars could incentivize insider trading, which lawmakers in the US and abroad have moved to regulate.

Iran-linked contracts drove prediction market activity higher as the CFTC opened rulemaking and Democrats moved to ban war and death bets.

Prediction market volume scales every month, as resolution infrastructure becomes a bottleneck. Opaque outcomes drive capital to headline markets only.

“This ends today,“ said CFTC Chair Michael Selig, who has been reiterating his position that the agency has exclusive jurisdiction overseeing prediction markets platforms.

CFTC Chair Michael Selig has said that the agency has authority over prediction markets like Kalshi and Polymarket and warned it will defend that jurisdiction in court if challenged.

Kalshi claims in a preemptive lawsuit that there is “a substantial risk” that Iowa will take action against it after a meeting it had with state regulators.

Clear Street and Marex Group are planning to offer prediction markets to clients, with Kalshi’s CEO tipping it to become a “core pillar of the financial ecosystem.”

Democratic Senator Adam Schiff introduced a bill to ban prediction markets related to war, death and terrorism amid escalating insider trading concerns related to military operations.

The prediction markets platform argued for an injunction against Ohio authorities, claiming that federal commodities laws superseded state laws on sports event contracts.

Michael Selig said blockchain-powered prediction markets could improve price discovery and public information, even as several US states challenge the platforms in court.

"Sinners" star Michael B. Jordan’s odds of winning the Best Actor Oscar jumped from 10% on March 1 after he won the SAG best actor award.

The plaintiffs characterized the death carveout in a prediction market for the former Iranian Supreme Leader's ouster as "deceptive."