Prediction Markets
Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations
A Sixth Circuit Court of Appeals panel ruled that prediction markets' sports-related events contracts are not swaps, and therefore aren't subject to federal regulatory oversight.
U.S. regulator warns about cheating risks in 'mention markets' on prediction platforms
The Commodity Futures Trading Commission issued a new advisory to flag the unique dangers of markets based on individuals' behavior.
Bitcoin, ether perpetual volumes on Kalshi are dominated by an unusual, repetitive trade, data shows
CoinDesk found one $5,499 trade size accounting for 57% of sampled ether-perpetual volume, while recurring $2,500 and $5,000 trade sizes made up 54% of sampled bitcoin-perpetual volume.
Clarity Act odds surge on prediction markets, but crypto bill still faces long road
Kalshi and Polymarket bettors sharply raised the chances of U.S. crypto market structure legislation advancing, with Tuesday's Senate vote the next test.
Europe’s top regulator questions Polymarket and Kalshi’s EU access, warns of authorization gaps
ESMA said that event contracts may fall under existing EU binary-options bans, crypto-asset frameworks like MiCA or national gambling laws.
UK regulator weighs easing financial prediction market ban: Times
The FCA reportedly held talks with trading platforms as Britons turn to Polymarket and Kalshi, though its public position still supports the ban.
Prediction markets inch closer to the Supreme Court: State of Crypto
New Jersey petitioned for a writ of certiorari in Kalshi's case against it last week, finally throwing the ball to the high court.
CLARITY stalls, Kalshi heads toward SCOTUS & Wall Street goes onchain
CoinDesk’s The Policy Protocol hosts Rebecca Rettig and Renato Mariotti break down the Ninth Circuit’s ruling against prediction markets like Kalshi, New Jersey’s push to bring the fight before the Supreme Court, and the SEC’s new roundtable on 24/7 trading featuring a roster of TradFi heavyweights. Then, Katherine Kirkpatrick Bos, Head of Legal at Chainlink, joins the show to discuss 21 global banks planning a joint stablecoin and what it could mean for Circle and Tether, why Kraken’s Bitnomial acquisition could offer a “creative” path to bring Hyperliquid onshore, and the London Stock Exchange’s push to bring its 100 largest companies onchain. Plus, Kirkpatrick makes the case that legislation remains the only durable way to “future-proof” crypto, while Rebecca and Renato debate whether Congress is entering a post-CLARITY era.
New Jersey becomes first state to ask Supreme Court to weigh in on prediction markets
After multiple appeals courts ruled differently about whether states can crack down on prediction markets' sports products, New Jersey asked SCOTUS to step in.
Kalshi lays down first lifetime ban for ex-member of Congress George Santos
The prediction market platform banned Santos for manipulation as part of the industry's ongoing efforts to show it's dealing with bad behavior.
