States have tried to wrangle prediction markets offering sports-related contracts under their regulatory frameworks since they started taking off after the 2024 election, arguing that these markets are competing with state gambling platforms and offering […]
New York Attorney General Letitia James and Governor Kathy Hochul have announced a lawsuit against Polymarket US. The state alleges the prediction platform is operating illegal, unlicensed gambling in New York. The lawsuit seeks to […]
TL;DR All 11 Democrats on the U.S. Senate Banking Committee have called for a public hearing on prediction markets. The request followed a private meeting between Republican committee members and Kalshi CEO Tarek Mansour. The […]
New York is suing Polymarket US, alleging the prediction market operates illegal gambling without a state license and allows users under 21 to bet. New York Attorney General Letitia James and Governor Kathy Hochul […]
Key Takeaways The CFTC is reviewing near-identical trades in Kalshi’s ether perpetual before deciding on an investigation, per a report. Trades of about $5,425 represented 70% of the market’s notional volume in the 24 hours […]
The activity had already drawn attention from Beni, a co-founder of research firm Stealth Neolab, who said Kalshi’s ether perpetual recorded about $539 million in 24-hour volume against just $3.1 million in open interest. He […]
Kalshi denies wash trading allegations, arguing that repeated transactions stemmed from how market markers’ orders were executed. The Commodity Futures Trading Commission (CFTC) is reportedly reviewing unusual trading on Kalshi’s Ethereum perpetual futures market. This […]
Popular betting on what an individual might say or do, known as “mention markets,” pose some special dangers in the eyes of the U.S. regulator overseeing prediction market firms such as Kalshi and Polymarket, according […]
Key Takeaways Kalshi’s parlay maker fees raised $26 million in their first four weeks, Ingame found. The combo maker rate is half the taker fee, double Kalshi’s standard maker rate. The fee now appears in […]
First, he flagged a crucial mix-up in Beni’s original post, explaining that the Artemis chart cited in the complaint measured prediction-market share rather than perpetual contract volume. He also demystified why Kalshi’s volume numbers look […]
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