Category Archives: Prediction Market

Federal agencies join Kalshi lawsuit challenging Rhode Island prediction market enforcement authority

Federal agencies join Kalshi lawsuit challenging Rhode Island prediction market enforcement authority Suswati Basu The federal government has stepped into Kalshi’s legal fight with Rhode Island, arguing the state cannot use its gambling laws to restrict federally regulated prediction market contracts. The move widens the dispute over who controls event-based financial products tied … Continue reading Federal agencies join Kalshi lawsuit challenging Rhode Island prediction market enforcement authority →

Meta’s ‘prediction market plans’ draw attention as shares slip

Prediction Market

Meta’s ‘prediction market plans’ draw attention as shares slip Suswati Basu Meta shares traded near $ 562.20 and fell roughly 5.3% over the past five sessions as investors weighed a report that the company may be developing a standalone prediction market application. The New York Times reported that Chief Executive Mark Zuckerberg has … Continue reading Meta’s ‘prediction market plans’ draw attention as shares slip →

More lawsuits, more insider trading claims, today in prediction market news LIVE

Prediction Market

More lawsuits, more insider trading claims, today in prediction market news LIVE Suswati Basu Today in prediction market news, we’re tracking the biggest developments across the industry in real time, from fresh lawsuits and insider trading allegations to regulatory battles, market-moving legislation, and other major stories shaping prediction markets, sports event trading, and … Continue reading More lawsuits, more insider trading claims, today in prediction market news LIVE →

NCAA details Alabama State betting scheme as four players fined $2K

Prediction Market

NCAA details Alabama State betting scheme as four players fined $2K Suswati Basu Four former Alabama State men’s basketball players took part in a plan to influence the outcome of a December 2024 game against Southern Mississippi in exchange for money from outside bettors, according to an NCAA infractions decision released Thursday (June … Continue reading NCAA details Alabama State betting scheme as four players fined $2K →

Predictably, Sam Bankman-Fried’s fraud conviction appeal has been denied

Prediction Market

Predictably, Sam Bankman-Fried’s fraud conviction appeal has been denied There’s still the possibility of that Trump pardon. By Lawrence Bonk June 12, 2026 Michael M. Santiago/Getty Images A federal appeals court has upheld the fraud conviction of FTX founder Sam Bankman-Fried, according to Reuters. Bankman-Fried was convicted of running one of the largest financial frauds … Continue reading Predictably, Sam Bankman-Fried’s fraud conviction appeal has been denied →

Kalshi adds compliance safeguards amid ongoing insider trading concerns

Prediction Market

Kalshi adds compliance safeguards amid ongoing insider trading concerns Suswati Basu Kalshi is rolling out a new set of compliance measures designed to curb insider trading and market manipulation across its prediction markets. The company said the changes take effect immediately and come from recommendations made by its independent Surveillance Audit Committee. This … Continue reading Kalshi adds compliance safeguards amid ongoing insider trading concerns →

CFTC moves into Rhode Island fight over prediction market authority

Prediction Market

CFTC moves into Rhode Island fight over prediction market authority Suswati Basu Federal regulators are stepping into an escalating court battle over prediction markets, backing Kalshi’s challenge to Rhode Island’s attempt to block sports-related event contracts. On Thursday (May 28), the Commodity Futures Trading Commission and the United States asked to intervene in … Continue reading CFTC moves into Rhode Island fight over prediction market authority →

Kalshi launches political power index amid scrutiny over prediction markets

Prediction Market

Kalshi launches political power index amid scrutiny over prediction markets Suswati Basu Kalshi has rolled out a new political benchmark that tries to capture the balance of power between Democrats and Republicans in a single number. The product, called the Kalshi American Power Index, or KPOW, is now available on the company’s platform. … Continue reading Kalshi launches political power index amid scrutiny over prediction markets →

Trump declares prediction markets patriotic while state regulators wonder if they’re gambling

Prediction Market

Trump declares prediction markets patriotic while state regulators wonder if they’re gambling Suswati Basu Trump just posted what may be the most aggressively pro-prediction-market presidential rant in modern American history — a sentence that somehow exists now. In a sprawling Truth Social post, President Donald Trump threw his full support behind prediction markets, … Continue reading Trump declares prediction markets patriotic while state regulators wonder if they’re gambling →

Arizona sports contracts lawsuit against Kalshi paused while Ninth Circuit appeals continue

Prediction Market

Arizona sports contracts lawsuit against Kalshi paused while Ninth Circuit appeals continue Suswati Basu A legal fight over prediction markets and state gambling authority is now on hold in Arizona while federal appeals judges weigh several related cases. Kalshi, the Commodity Futures Trading Commission, the Justice Department, and Arizona regulators jointly asked a … Continue reading Arizona sports contracts lawsuit against Kalshi paused while Ninth Circuit appeals continue →