Kalshi valuation hits $22B as prediction market raises $1B amid legal uncertainty

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.

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.

Kalshi and Polymarket lost bids to block gambling cases in Nevada and Washington. A three-judge Ninth Circuit panel denied emergency motions from both Kalshi and Polymarket to block lower court rulings, sending gambling enforcement cases in Nevada and Washington back…

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 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…

Representative James Comer asked CEOs of two major prediction market companies for information on their responses to insider trading after “suspiciously timed trades” related to US military actions against Iran.