The CFTC’s push to formalize prediction market event contracts has triggered a messy but important showdown over who gets to control one of crypto’s most interesting—and most controversial—market ideas. More than 1,500 public comments were filed on the CFTC prediction market rules proposal. Kalshi, Polymarket, and a16z want the CFTC to keep sole federal control. […]
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Polymarket’s Seoul mayoral market has surged past $33.67 million in volume, turning South Korean politics into a live crypto price feed and, depending on your politics, either a brutally honest signal or a very expensive mess. Seoul race volume: about $33.67 million, or roughly 46 billion won Market leader: Jung Won-oh near 87% implied odds […]
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Polymarket is trying to bring its main exchange back into the U.S. market, and this time it wants the real door opened, not the side entrance. Main U.S. access: Polymarket wants direct approval for its core global exchange. Big money, big legitimacy: ICE invested heavily after Polymarket bought a CFTC-licensed exchange and clearinghouse. Regulatory heat: […]
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The CFTC is shrinking fast just as prediction markets, crypto-linked trading, and politically loaded wagers are getting harder to police. That is not exactly the kind of timing that inspires confidence. CFTC staffing down 24% since Trump returned to office Experienced enforcement lawyers were hit hardest Prediction markets are expanding as insider-trading concerns rise Lawmakers […]
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NY Attorney General Slams Coinbase and Gemini with Lawsuit Over Prediction Markets, Alleging Illegal Gambling The New York Attorney General has unleashed a legal bombshell on two titans of the crypto world, Coinbase and Gemini, accusing them of running what amounts to illegal gambling operations under the guise of prediction markets. This lawsuit isn’t just […]
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New York AG Slams Coinbase and Gemini with Lawsuit Over Prediction Markets New York Attorney General Letitia James has unleashed a legal storm on Coinbase Financial Markets and Gemini Titan, subsidiaries of two crypto heavyweights, accusing them of running prediction markets that violate state gambling laws. Filed on a Tuesday in Manhattan state court, this […]
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CFTC Ramps Up Crypto Oversight with New Task Force Amid Prediction Market Showdown The U.S. Commodity Futures Trading Commission (CFTC) has thrown down the gauntlet in the regulatory arena, launching its Innovation Task Force (ITF) to tackle the unruly frontier of blockchain, AI, and prediction markets. This bold move comes right as a federal court […]
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Prediction Markets: From Crypto Curiosity to Financial Titan Prediction markets, once a quirky experiment in the crypto realm, have surged into a financial powerhouse, clocking nearly $24 billion in monthly trading volume on platforms like Polymarket and Kalshi. This blockchain-based betting phenomenon is reshaping finance, drawing Wall Street giants, media attention, and regulatory heat in […]
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Kalshi’s Legal Victory Signals a New Front in the Fight for Decentralized Finance A landmark ruling from the 3rd U.S. Circuit Court of Appeals in Philadelphia has delivered a major win for Kalshi, a prediction market platform, affirming that its sports-related event contracts are under federal jurisdiction through the Commodity Futures Trading Commission (CFTC) and […]
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CFTC Lawsuit vs. States: Prediction Markets Regulation Battle with Kalshi and Polymarket The US Commodity Futures Trading Commission (CFTC) has fired a legal salvo against Arizona, Connecticut, and Illinois, even naming Illinois Governor J.B. Pritzker in the fray, to assert federal dominance over prediction markets. This clash over platforms like Kalshi and Polymarket isn’t just […]
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