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Prediction Markets
By Wednesday, September 16, a relatively obscure political prediction market on Polymarket highlighted the risks of entering a position too … Continue reading
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Kalshi and Polymarket bettors sharply raised the chances of U.S. crypto market structure legislation advancing, with Tuesday’s Senate vote the next test.
The prediction market’s head of U.S. operations says the business is taking steps to legitimize itself after years of legal scrutiny.
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.
The region’s regulators emphasized that a product’s actual function as a derivative matters more than its commercial name or labeling when assessing compliance.
The app would let users forecast future events using a points-based system rather than cash wagers, the report said, citing people familiar with the matter.
The planned offering would let customers bet on index moves as Coinbase and Robinhood expand in the sector.
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.
While rising volume on Polymarket and Kalshi is attracting quantitative firms to prediction markets, they aren’t focusing on event outcomes; rather, they’re exploiting market inefficiencies for profit.