The United Kingdom’s Financial Conduct Authority (FCA) has reportedly opened discussions with prediction market companies about whether to lift a ban that has barred retail investors from accessing platforms such as Polymarket and Kalshi since 2019. According to a Friday report from The Times, the regulator is weighing whether to relax the prohibition on binary […]
A Washington state judge has ordered Kalshi, the CFTC-regulated prediction market platform, to stop offering a broad range of event contracts in the state, ruling that federal commodities law does not preempt Washington’s gambling statutes. The preliminary injunction, granted by King County Superior Court Judge John McHale, bars Kalshi from offering contracts tied to sports, […]
A federal judge in New York has denied an emergency request by the Commodity Futures Trading Commission (CFTC) to block the state from pursuing its enforcement action against prediction market operator Kalshi. The ruling, issued by Judge Jed S. Rakoff on Aug. 4, allows New York’s case to proceed while the CFTC considers renewing its […]
A White House teleprompter operator accused of using nonpublic information to profit from prediction market bets on President Donald Trump’s speeches is no longer employed by the federal government, according to the Associated Press. A White House official confirmed Tuesday that Gabriel Perez, who had been placed on unpaid leave earlier this month, has left […]
Kalshi recorded its highest monthly trading volume in June, driven by surging activity around the 2026 FIFA World Cup, as prediction markets continue to attract both retail traders and regulatory scrutiny. Data from DefiLlama shows Kalshi processed nearly $9.4 billion in trading volume last month, up from roughly $5.3 billion in May. Polymarket International also […]
Meta CEO Mark Zuckerberg has reportedly directed his staff to develop a prediction markets mobile application called ‘Arena,’ which would allow users to place wagers using a points system rather than real money. According to a Tuesday report from The New York Times, which cited two employees familiar with the initiative, the app is designed […]
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