10 verified briefings on Prediction Markets. Each story includes a plain-English summary, why it matters, and the concrete action engineering teams should take.
A federal court ruled states can regulate the prediction market Kalshi under their gambling laws. This creates a complex and costly legal patchwork for fintech platforms trying to operate nationwide.
Fantasy sports company Underdog is suing Connecticut after the state ordered it and others, including Coinbase, to stop operating. The lawsuit escalates a fight over who can regulate prediction markets, with major implications for the emerging product category.
Texas lawmakers are debating whether to regulate prediction markets like Kalshi as financial exchanges or as gambling. This decision will set a major precedent for how new fintech platforms are treated across the U.S.
A federal court ruled that sports prediction markets are not financial products. This decision allows states like Nevada to apply their own gaming laws, creating a major regulatory hurdle for platforms like Kalshi and Crypto.com.
A key group of state lawmakers wants to keep control over gambling policy as prediction markets grow. This sets up a potential regulatory battle that could create a patchwork of rules for tech companies operating in the space.
US regulators are increasing scrutiny on prediction markets. The CFTC is targeting Polymarket's U.S. operations, while Underdog has submitted its first filings, signaling a changing legal landscape for the industry.
The US commodities regulator has proposed new rules to define the line between legal prediction markets and illegal gambling. This could significantly change how fintech and web3 companies operate, impacting product design and compliance.
Regulators worldwide are increasing scrutiny on prediction markets like Polymarket and Kalshi, focusing on the effectiveness of their geolocation controls. This shift highlights the technology's role as a risk management tool rather than an absolute security measure, creating significant new compliance challenges for platforms.
Illinois has passed a budget bill that introduces the first state tax specifically targeting sports prediction markets. This move sets a new regulatory precedent for the fintech and online wagering industries, signaling a new type of financial and compliance risk for platform operators.
The US Commodity Futures Trading Commission (CFTC) is intensifying its surveillance of prediction markets. The agency is using AI, blockchain tracing, and other advanced tools to detect and prevent insider trading and market manipulation, including monitoring US traders accessing offshore platforms through VPNs.