prediction markets – CryptoMag

4 days ago

Novig Files Lawsuit Against Wisconsin Over Sports Contracts

Novig has initiated legal action against Wisconsin officials, aiming to challenge state gambling laws on sports prediction contracts.

6 days ago

Kalshi Ordered to Keep Operations Open Amid Washington Restrictions

Kalshi must remain operational under federal rules following a Washington judge's restrictions on contract types and geofencing deadlines.

7 days ago

CFTC to Address Cryptocurrency and AI Regulations in Upcoming Meeting

The CFTC will hold its inaugural IAC meeting on Aug. 20 to discuss cryptocurrency, AI, and prediction markets, inviting public input on these topics.

7 days ago

Kalshi Explores $750 Million Funding Round with Sequoia and Wellington

Kalshi is in advanced talks to raise $750 million at a $40 billion valuation with Sequoia and Wellington, following a recent $1 billion funding round.

1 week ago

Majority of Prediction Market Users Report Significant Losses in US Survey

A recent US survey shows that 79% of prediction market users lost money over the past year, raising concerns about borrowing for bets.

2 weeks ago

CFTC Issues Warning to Prediction Markets Over Gambling Odds

CFTC cautions prediction markets about using gambling-style odds as states challenge their regulatory authority. Kalshi faces legal issues in New York and Utah.

2 weeks ago

Kalshi Implements Trade Surveillance Amidst $36 Billion Legal Challenge

Kalshi partners with Comply to enhance trade monitoring amid a $36 billion lawsuit from New York State.

2 weeks ago

Polymarket Eyes $20 Billion Valuation as Competition Intensifies

Polymarket seeks to raise funds at a $20 billion valuation, intensifying competition in the prediction market sector with notable players like Kalshi.

3 weeks ago

New York Attorney General Seeks Major Action Against Kalshi

New York has launched a suit against prediction market Kalshi, demanding $36 billion in damages and alleging illegal gambling practices. Read to learn more.

3 weeks ago

Prediction Markets Set New Record with $50.6 Billion in July

Prediction markets reached a historic $50.6B in trading volume in July, driven by significant activity on Kalshi and Polymarket US, according to recent data.