Iowa Senate passes bill regulating and taxing fast growing prediction markets Suswati Basu The Iowa Senate has signed off on a bill that would bring new rules and taxes to a fast-expanding corner of finance often called prediction markets. Lawmakers approved Senate File 2470 on Tuesday (March 31), making it the first time … Continue reading Iowa Senate passes bill regulating and taxing fast growing prediction markets
CFTC and DOJ sue states over prediction markets regulation dispute Suswati Basu Federal regulators have taken Arizona, Illinois, and Connecticut to court, opening a new front in the fight over so-called event contracts and who gets to regulate them. The Commodity Futures Trading Commission, joined by the United States, filed lawsuits in federal … Continue reading CFTC and DOJ sue states over prediction markets regulation dispute
MLB and CFTC strike integrity pact as league taps Polymarket for prediction markets Suswati Basu Major League Baseball (MLB) has teamed up with the US Commodity Futures Trading Commission (CFTC) in a new effort to keep a close watch on the booming world of sports prediction markets, according to a release from the … Continue reading MLB and CFTC strike integrity pact as league taps Polymarket for prediction markets
Prediction market ads surge as March Madness betting hits record levels Suswati Basu Legal sports wagering in the United States keeps expanding as the NCAA basketball tournaments approach, but the industry’s main trade group says a new wave of prediction market advertising could complicate oversight and weaken consumer protections. Fresh estimates from the … Continue reading Prediction market ads surge as March Madness betting hits record levels
Kalshi sues Iowa officials claiming federal authority over prediction market contracts Suswati Basu A federally regulated prediction market is taking Iowa officials to court, arguing the state is threatening to crack down on trading activity that federal law already oversees. Kalshi, a New York–based derivatives exchange, filed a complaint in the U.S. District … Continue reading Kalshi sues Iowa officials claiming federal authority over prediction market contracts
Jake Paul’s Betr partners with Polymarket to launch prediction markets inside app Suswati Basu Jake Paul’s betting platform Betr is getting ready to add prediction markets to its growing list of gaming products through a new partnership with Polymarket. The deal sets the stage for users to begin trading contracts tied to real-world … Continue reading Jake Paul’s Betr partners with Polymarket to launch prediction markets inside app
CFTC signals new guidance for prediction markets as legal fight with states intensifies Suswati Basu News Editor The U.S. derivatives regulator is preparing new guidance and a formal rulemaking process for prediction markets, as the debate over whether such platforms resemble financial exchanges or gambling continues to escalate. Speaking at a Milken Institute event, … Continue reading CFTC signals new guidance for prediction markets as legal fight with states intensifies
From Trading Places to war markets: how insider trading slipped into prediction platforms Suswati Basu In the 1983 film Trading Places, two wealthy brothers set out to rig the commodities market by getting their hands on a secret government crop report. Eddie Murphy’s character uses that stolen preview to trade ahead of everyone … Continue reading From Trading Places to war markets: how insider trading slipped into prediction platforms
Flutter doubles down on prediction markets despite investor worries about growth Suswati Basu Flutter Entertainment is leaning harder into prediction markets, even as some investors question how much upside the move will really deliver. In its fourth quarter earnings letter to shareholders, the parent company of FanDuel made clear that it plans to … Continue reading Flutter doubles down on prediction markets despite investor worries about growth
Coalition for Prediction Markets backs Rep. Ritchie Torres’s Bill against insider trading Sophie Atkinson Suswati Basu The Coalition for Prediction Markets has shown support for Representative Ritchie Torres’s effort to strengthen integrity in the sector. It was in early January when the Congressman announced he would be introducing a bill called the … Continue reading Coalition for Prediction Markets backs Rep. Ritchie Torres’s Bill against insider trading
