Tag: prediction-markets
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Polymarket says a third-party provider was compromised
It has not named the provider, said how many users were hit, or given a date for trading to resume.
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Utah has filed felony charges against Kalshi and both its founders
The state says an undercover agent placed bets, and the charges give a jurisdiction fight a defendant list the civil suits never had.
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Utah is the tenth state the CFTC has sued over prediction markets
Each suit repeats the same claim of exclusive jurisdiction, and no court ruling has been reported.
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Crypto.com and Novig have sued Missouri over sports contracts, while Kalshi, Polymarket and Robinhood have not
The cease-and-desist deadlines have arrived, and the appeals courts that would decide it disagree.
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The CFTC wants to rule that prediction markets are not gambling, and skip the public comment
Two rules now at the White House could undercut every state lawsuit against the platforms, if they survive the lawsuits they invite.
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Kalshi is ending the programme that paid traders for volume, a year early and in a record month
Kalshi says there is no wash trading on its platform, and it is switching off the incentive that would reward it anyway.
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Congress wants to know who on Hyperliquid, Crypto.com and PredictIt traded on news before it broke
The House Oversight chair is building a case for barring officials from prediction markets, and a decentralised exchange is his hardest witness.
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A third appeals court has ruled on Kalshi’s sports contracts, and Kalshi is now one for three
Federal judges cannot agree whether a bet on a game is a financial product, which leaves the Supreme Court as the likely referee.
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New York sued Polymarket, and Polymarket sued New York back the same day
The state wants three times the company’s gains; the company says only Washington gets to decide what a prediction market is.
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The CFTC called bets on what people will say easy to rig, and stopped short of banning them
Prediction markets can keep listing mention contracts, but only where the person being bet on has a strong reason not to steer the result.