Prediction Markets News

Bitcoin bull market optimism has suffered since the October crash, as chances of a short-term BTC price rally above $100,000 appeared to be fading.

A preliminary injunction against the prediction markets platform reportedly came at the request of Massachusetts Attorney General Andrea Joy Campbell.

The moves highlight growing uncertainty over whether crypto prediction markets are to be treated as finance or gambling.

Insider trading is hard to curb on non-KYC prediction markets, but even identity checks do not fully eliminate abuse, according to Messari’s Austin Weiler.

Trading volumes in prediction markets are higher than ever, with Monday seeing a record $814.2 million worth of trades placed on Kalshi, Polymarket and other platforms.

US President Donald Trump said the “leaker on Venezuela has been found and is in jail” as some Polymarket accounts tied to early bets on Maduro’s ouster go silent.

The NCAA wants the CFTC to tighten rules on college sport prediction markets, including age and advertising restrictions and anti-harassment measures.

Backpack exchange launched an invite-only beta for its Unified Prediction Portfolio, letting users hedge and trade across markets in a single crypto account.

Prediction market Kalshi dominated trading volumes on Monday, accounting for two-thirds of the $701.7 million tally.

The move adds Ukraine to a growing list of countries, including France, Germany, the UK, Italy, Poland, Thailand and Australia, where Polymarket is already restricted.

Kalshi can continue offering event contracts in Tennessee after a federal judge temporarily restrained state regulators pending a preliminary injunction hearing.

Tennessee regulator warned that failure to comply could trigger steep fines, court injunctions and potential law enforcement referrals for for further investigation.

The bill came after a Polymarket user netted more than $400,000 on a contract related to the removal of then Venezuelan President Nicolás Maduro, fueling concerns about insider trading.

New York lawmakers will soon review a bill that seeks to ban certain sports and political event contracts in the state, among others.

The no-action letter comes amid growing acceptance by US regulators of prediction-style markets and event contracts during an election year.