The prediction market company Kalshi is poised for an Initial Public Offering (IPO) after another bumper year of growth, with reports suggesting a potential late-year 2027 date for a public listing. Reporting from American business publication The Information suggests discussions remain at an early stage.
New Jersey is adding its name to the long list of states taking action against prediction markets after senators Nicholas Scutari and Paul Sarlo introduced a bill to regulate prediction markets at the state level. Senate Bill 4447 was presented on June 11th and ignores the ferocious push back from the CFTC on similar cases.
US prediction markets are growing rapidly, but consumer protection and gambling support systems have not kept pace with the sector’s expansion
Prediction market company Kalshi will start requesting information from employers in instances where high-risk markets are in play as it strengthens its efforts to stop insider trading and manipulation on the platform. The sector is facing increased scrutiny over insider trading risks following several high-profile cases involving trades allegedly based on nonpublic information.
The prediction market company, Polymarket, is to exclude use of VPNs on its platform, according to reports, in an effort to clamp down on users bypassing local and national restrictions. The platform is restricted in 33 countries and several regions due to local regulations and sanctions, and the measures aim to prevent users from bypassing those restrictions via VPNs.
Gemini has launched an AI-powered Command Center feature to help users track and analyze prediction markets
A derivatives and securities exchange operator is launching a product that allows for prediction markets to provide its users with partial payouts. Cboe Global Markets is launching a new framework that expands the trading market choice beyond traditional yes/no outcomes.
A Republican Congressman in Wisconsin is continuing to pile the pressure on the prediction market industry after proposing a bill that would ban congressional lawmakers and their families from placing bets on prediction markets.
Prediction market lawsuits are moving ahead in four US states as regulators, tribes and federal agencies fight over sports contracts
Kalshi has been referred to regulators after declining to participate in an advertising inquiry
Norway is considering tighter oversight of prediction markets as regulatory concerns continue to grow
Prediction market trading linked to the 2026 FIFA World Cup could exceed $2.5 billion in the United States
The prediction market company Kalshi is planning to announce an additional $1 billion in funding this week, according to reporting from the New York Times. The company is expected to confirm on Thursday it raised the amount in a funding round led by Coatue Management that values the prediction-markets startup at $22 billion.
The Gemini Space Station crypto exchange, owned by the Winklevoss brothers, has been granted permission to offer prediction markets by the Commodity Futures Trading Commission (CFTC). The company finally secured a Designated Contract Market (DCM) license five years after initially lodging an application.
Galaxy Digital has launched institutional prediction market trading through its Global Markets desk
