Kalshi and Polymarket lose 2 state gambling appeals

The investigation could lead to stricter regulations on prediction markets, impacting their growth and the participation of government employees. The post House Oversight Committee investigates potential insider trading on Polymarket and Kalshi appeared first on Crypto Briefing.

Polymarket came under attack earlier on Friday after a contract exploit drained more than $600,000 in crypto. Despite the size of the theft, multiple security analysts emphasized that user funds and market outcomes were not impacted.  One expert even argued that the incident could have been significantly worse if additional controls in the compromised contract […]

The launch of Americans for Fair Markets could reshape the regulatory landscape, challenging entrenched gambling interests and influencing policy. The post Kalshi-backed Americans for Fair Markets launches with Taylor Budowich as advisor appeared first on Crypto Briefing.

Comer asks Kalshi and Polymarket for records on identity checks, location controls, and suspicious election trading by June 5. House Oversight Committee Chair James Comer has opened a probe into Kalshi and Polymarket over possible insider trading on prediction markets. The investigation focuses on whether users with non-public government information could profit from contracts tied […] The post James Comer Seeks Answers From Kalshi And Polymarket On Election Trades In Probe appeared first on Live Bitcoin News.

Kalshi's rapid growth amid legal challenges highlights the tension between innovation in prediction markets and regulatory frameworks, impacting future market dynamics. The post Kalshi valuation hits $22B as prediction market raises $1B amid legal uncertainty appeared first on Crypto Briefing.

Kalshi unveiled Americans for Fair Markets, an advocacy group to help shape policymakers’ perception of prediction markets.

The investigation could lead to stricter regulations on prediction markets, impacting how geopolitical events are speculated and traded. The post Congress probes Polymarket, Kalshi over Iran strike insider trading allegations appeared first on Crypto Briefing.

Kalshi is backing a new advocacy group to fight the gaming lobby over prediction market regulation. The new organization, Americans for Fair Markets, launched on May 22 to shape federal policy on prediction markets and federally regulated exchanges. It will…