Kentucky tests CFTC power with lawsuit against Kalshi, Polymarket
Kentucky sues Kalshi, Polymarket, Coinbase, Robinhood and Webull over sports event contracts as prediction market cases grow nationwide.
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A $79M dispute over a May 31 MSTR bet shows how Polymarket wording and UMA votes can flip outcomes. Practical steps to price and reduce settlement risk.
Read full articleKentucky sues Kalshi, Polymarket, Coinbase, Robinhood and Webull over sports event contracts as prediction market cases grow nationwide.
The surge in Polymarket's geopolitics category highlights the urgent need for regulatory clarity and robust measures to ensure market integrity. The post Polymarket’s geopolitics category surges past $5 billion as insider trading fears mount appeared first on Crypto Briefing.
World Cup prediction volume topped ~$2B and daily turnover hit $4.8B, while Polymarket inked OneFootball distribution. A new CFTC review plan could reshape U.S. sports contracts.
Kentucky has sued Polymarket, Kalshi and Kalshi’s partners Coinbase, Robinhood and Webull, over offering sports event contracts in the state.
The surge in geopolitical betting highlights prediction markets' potential but raises regulatory risks, possibly prompting stricter oversight. The post Polymarket’s geopolitics category surges amid Iran war policy bets and insider trading allegations appeared first on Crypto Briefing.
The judge said Polymarket is not likely to succeed on the merits of its case against Michigan state regulators.
Congressional scrutiny of Polymarket could lead to stricter regulations on prediction markets, impacting their role in geopolitical forecasting. The post Polymarket’s geopolitics category surges amid Iran war bets appeared first on Crypto Briefing.
The Dutch gambling regulator (KSA) has moved to collect €420,000 (~$487,000) from the company behind Polymarket, the latest sign that Europe is treating prediction markets as unlicensed gambling even as the US embraces them as financial products. How a single day cost Polymarket $487,000 The Kansspelautoriteit (KSA) published its collection decision on 16 June against […]