The Defiant·
The CFTC filed suit against Kentucky on Monday after the state sued prediction-market operators Kalshi and Polymarket for operating without gaming licenses, making Kentucky the ninth state to face federal litigation over who controls event-contract regulation.
Read full articleMeta's Arena app could reshape the prediction market landscape, potentially impacting existing platforms and signaling tech trends. The post Meta plans AI-powered prediction market app Arena to rival Kalshi and Polymarket appeared first on Crypto Briefing.
The prediction markets company claimed that it would be “irreparably harmed” when an Illinois law signed as part of a budget package goes in effect on July 1.
Kalshi's rapid valuation surge highlights the growing tension between innovative financial platforms and traditional regulatory frameworks. The post Kalshi seeks $40B valuation just one month after $22B funding round appeared first on Crypto Briefing.
Polymarket's fabricated betting wins highlight the urgent need for stricter regulations and transparency in crypto prediction markets. The post Polymarket faces scrutiny as viral betting wins may be fabricated appeared first on Crypto Briefing.
Market skepticism about US GDP growth highlights potential economic challenges, including inflation and recession risks, complicating investment strategies. The post Kalshi traders assign 14% odds to US GDP growth above 3% this year appeared first on Crypto Briefing.
Federal regulation of prediction markets could streamline compliance, attract institutional investment, and shift control from states to the CFTC. The post Polls show US voters favor federal rules for prediction markets over state regulations appeared first on Crypto Briefing.
The surge in prediction market activity during the World Cup highlights growing investor interest and potential regulatory challenges in this sector. The post Polymarket volume surges 300% during World Cup, Kalshi hits $1B open interest appeared first on Crypto Briefing.
Kalshi has expanded its CFTC-regulated crypto perpetuals lineup to 13 digital assets after launching new contracts tied to Zcash, Near Protocol, and Shiba Inu, while legal battles over the platform’s products continue to intensify. According to Kalshi’s latest listings, the…
