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.
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 is working with global compliance technology and advisory platform IC360 to introduce a self-exclusion tool that will allow users to block themselves from the ability to trade. Kalshi is the first prediction market company to introduce this safeguarding feature, which is synonymous with online casinos and sportsbooks.
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.
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
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.
Prediction market trading linked to the 2026 FIFA World Cup could exceed $2.5 billion in the United States
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
