Senators call for federal investigation into Polymarket’s deceptive advertising

As prediction markets notch record trading volumes, Kalshi is ramping up its marketing push through a high-profile FIFA World Cup deal.

U.S. senators have urged the Commodity Futures Trading Commission to investigate Polymarket over allegations that the prediction market platform used deceptive advertising to reach American users despite restricting access in the country. According to a letter obtained by The Wall…

A group of 17 Democratic senators went after the CFTC’s funding for lawsuits over prediction markets, calling it an “assault” on state authorities.

The entry of major trading firms into prediction markets enhances liquidity and pricing accuracy, signaling a shift towards mainstream financial integration. The post Prediction markets attract major trading firms like Jane Street and Wintermute appeared first on Crypto Briefing.

Prediction markets are entering a new phase — and the biggest market makers in the world are taking notice. Alex Momot, Co-founder of Peanut Trade, joins Camila Russo to break down the mechanics, the opportunity, and the risks behind this fast-moving space.

Polymarket's rapid revenue growth highlights the increasing competitiveness and regulatory evolution in the US prediction market sector. The post Polymarket surpasses $1B annualized revenue six weeks after US launch appeared first on Crypto Briefing.

DraftKings' DKeX could reshape prediction markets by leveraging federal regulation for broader reach, challenging both traditional and crypto platforms. The post DraftKings launches DKeX, its proprietary prediction markets exchange appeared first on Crypto Briefing.

Hot PCE inflation data crushed Fed rate-cut hopes, triggering $1.26B in crypto liquidations and pushing Polymarket's Bitcoin $50K odds to 65%. The post Bitcoin Price Could Flash Crash to $50,000 This Weekend: Don’t Get Scared Now appeared first on 99Bitcoins.