Prediction Markets

The Commodity Futures Trading Commission has filed a lawsuit against Wisconsin, escalating the legal conflict between federal regulators and state authorities over prediction markets. The case focuses on platforms including Kalshi, Polymarket, Robinhood, Crypto.com and Coinbase, which offer contracts about real-world outcomes such as elections and economic events. Wisconsin action prompts federal response Wisconsin initiated […]

Key Points DATA.BET launched Prediction Markets as a fourth betting vertical, allowing wagers on global events across politics, finance, technology, crypto, economy, culture, geopolitics, and weather. The product cuts old complexity by using fiat payments, sportsbook logic, and simple design, while adding VWAP pricing, slippage-based limits, and multi-outcome markets. With iFrame and API access, the […]

Key Points Most users on Polymarket faced losses, and over 100,000 accounts dropped more than $1,000, while retail traders together lost $131 million. A very small group, near the top 1% and mostly bots, secured most profits through speed in execution instead of prediction skill. Retail users often predicted outcomes correctly, yet they still lost […]

Key Points Brazil has banned prediction markets and labelled them illegal gambling outside approved financial tools, while regulators blocked 28 platforms and raised enforcement. Authorities point to user safety, fraud risk, and regulatory gaps, stating these platforms miss transparency, dispute systems, and payment control. The action aligns Brazil with strict global positions while enforcement expands […]

Donald Trump has raised concerns about the growth of prediction markets on geopolitical events, describing the current environment as increasingly speculative. Speaking to reporters, he questioned the idea of wagering on global developments, even as these platforms gain traction. “Well, you know, the whole world, unfortunately, has become somewhat of a casino, and you look […]

Colorado lawmakers have removed a proposed ban on prop bets from Senate Bill 131, clearing a key obstacle for the legislation to advance. The bill, titled Protections Against Abusive Practices in Sports Betting, has been revised after committee discussions raised concerns around cost and jurisdiction. Earlier drafts included a definition of prop bets and a […]

Key Points Gannon Ken Van Dyke, who is a United States Army Special Forces soldier, is now facing prosecution for gambling using classified information in Polymarket where he made more than $400,000 by forecasting the arrest of Nicolás Maduro. This is the first time that insider trading laws will be tested to see whether or […]

Key Points Letitia James has taken legal action against Coinbase and Gemini, saying their platforms run gambling without a license. Concerns include age access, missing licences, tax gaps, and user exposure, with a focus on younger users. The dispute grows into a wider fight between state rule and federal control over prediction markets. New York […]

The National Basketball Association is stepping up discussions with prediction market operators Kalshi and Polymarket. This means the league is potentially pivoting to a fast-rising segment of the sports betting ecosystem. According to Front Office Sports, talks have been underway for over a year, with sources indicating that negotiations have accelerated in recent months. One […]

Fanatics Markets has rolled out a new feature called Combos, adding more ways to trade on its prediction market platform. The product allows users to group several event outcomes into a single contract, using infrastructure supplied by Crypto.com. The feature gives users the ability to combine different market types such as player props, moneyline selections, […]