Tag: Prediction Markets
Could Kalshi’s Nevada victory collapse due to the Wire Act?
16 April 2025 at 7:53am UTC-4
Reporting in Forbes yesterday raised questions around the legality of online prediction platform Kalshi’s sports prediction markets under the Wire Act.
The law prohibits ...
Michigan regulator to investigate unlicensed prediction markets
14 April 2025 at 5:33am UTC-4
The Michigan Gaming Control Board has revealed that it will be starting an investigation into unlicensed sports prediction markets found to be operating in the state unlawfully ...
Massachusetts investigates Robinhood’s March Madness event contracts
25 March 2025 at 7:48am UTC-4
Massachusetts’ top securities regulator has started a probe into Robinhood’s sports predictions markets, including those covering March Madness, according to an exclusive ...
Robinhood launches prediction market in time for March Madness
18 March 2025 at 8:22am UTC-4
Trading platform Robinhood Markets has launched a new prediction markets hub available within the Robinhood app through its derivatives trading subsidiary Robinhood Derivatives ...
Nevada Gaming Control Board issues cease-and-desist to Kalshi
6 March 2025 at 5:57am UTC-5
The Nevada Gaming Control Board has issued a cease-and-desist letter to New York-based financial exchange and prediction market Kalshi.
The regulator noted that Kalshi’s ...
Prediction market Kalshi launches event contracts on sports
23 January 2025 at 4:55pm UTC-5
Events contract exchange Kalshi submitted paperwork to the U.S. Commodity Futures Trading Commission to allow sports predictions on major events like the Super Bowl. The first ...
Singapore bans online prediction site Polymarket
13 January 2025 at 5:08am UTC-5
As of this month, Polymarket betting is considered illegal by the Gaming Regulatory Authority (GRA) of Singapore.
Polymarket is a blockchain-based prediction trading ...
