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.
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Kalshi
The Commodity Futures Trading Commission issued a new advisory to flag the unique dangers of markets based on individuals’ behavior.
A trader alleged on X that Kalshi is inflating trading volumes in its ether perpetual futures.
Kalshi and Polymarket bettors sharply raised the chances of U.S. crypto market structure legislation advancing, with Tuesday’s Senate vote the next test.
Some of the many battles with state gaming regulators aren’t going well for the industry at the moment, but it isn’t without its would-be government protectors.
A clash between derivatives veterans is exposing a deeper discussion over how U.S. regulators should classify crypto perpetual contracts.
The former regulator joined a number of interest groups in arguing that prediction markets are overstepping their bounds by offering sports-related contracts.
Rep. James Comer is demanding internal records from the prediction market CEOs, warning that government employees could be using classified information to make “huge profits”.
Polymarket has gone dark in India and as per local media reports, Kalshi could be next.
Selig said states do not have the ability to police prediction market providers, echoing his agency’s stance as it pursues court cases to cement its authority.
Polymarket is poised to earn approximately $800,000 to $1 million per day once its new taker fee parameters take effect … Continue reading
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