Gibraltar Bets on Prediction Markets to Diversify Economy Paul McNally Gibraltar has taken a notable step toward reshaping its digital economy, issuing its first-ever license to a prediction markets operator amid pressure on its core online gambling sector. Authorities approved the license for Predict Street Ltd on March 26, formally adding the company … Continue reading Gibraltar Bets on Prediction Markets to Diversify Economy
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
Prediction markets forum set to debut at SBC Summit Americas Paul McNally Prediction markets will take center stage at this summer’s SBC Summit Americas, as the fast-growing industry continues to spark debate across the U.S. gambling and financial industries. The Prediction Markets Forum is scheduled for June 11 and will run as part … Continue reading Prediction markets forum set to debut at SBC Summit Americas
Kalshi pushes appeals court to halt Ohio crackdown on trading markets Suswati Basu Kalshi is moving quickly to stop Ohio regulators from cracking down on its platform, asking a federal appeals court to step in before the situation escalates further. In a March 24 emergency filing seen by ReadWrite, the company told the … Continue reading Kalshi pushes appeals court to halt Ohio crackdown on trading markets
Bipartisan senators push bill to ban sports prediction markets Suswati Basu A group of U.S. senators from both parties is targeting sports-related prediction markets, introducing a bipartisan bill that would outlaw the contracts altogether. The move ramps up an ongoing clash over whether these platforms function as legitimate financial tools or simply unregulated … Continue reading Bipartisan senators push bill to ban sports prediction markets
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
Polymarket opens Washington bar for watching geopolitics markets and breaking news Suswati Basu Polymarket is known for turning world news into tradable probabilities, but now it is trying something similar in the physical world. The prediction market says it is opening a Washington, D.C., bar called “The Situation Room,” a venue built for … Continue reading Polymarket opens Washington bar for watching geopolitics markets and breaking news
US lawmakers propose ban on death betting prediction markets Suswati Basu Members of Congress are moving to block a controversial corner of the prediction market industry by introducing legislation that would outlaw betting contracts tied to violence or death. The proposal, called the “Discouraging Exploitative Assassination, Tragedy, and Harm Betting in Event Trading … Continue reading US lawmakers propose ban on death betting prediction markets
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
