Democrats Introduce ‘Death Bets Act’ to Ban War-Related Prediction Markets
Lawmakers propose legislation to ban prediction market contracts tied to death, war, and assassination, citing ethical and national security concerns.
Lawmakers propose legislation to ban prediction market contracts tied to death, war, and assassination, citing ethical and national security concerns.
An Ohio federal court rejected Kalshi’s request to block state oversight of its sports betting contracts, citing lack of preemption under federal commodities law.
Nasdaq has sought SEC approval to list fixed-payout binary options tied to the Nasdaq 100, signaling traditional exchanges’ push into prediction-style markets.
TBD, a Solana-based prediction market protocol focused on verified human opinion, has raised $3 million in a seed round led by crypto venture firms.
A Polymarket market on which crypto firm ZachXBT may expose next has attracted nearly $3 million in volume. Traders currently assign the highest odds to Solana platform Meteora.
Prediction market data shows rising bearish sentiment on Bitcoin as its market cap declines and liquidity signals weaken across the broader crypto market.
A federal judge granted Kalshi a preliminary injunction preventing Tennessee from enforcing state betting laws against its event contracts during ongoing litigation.
The CFTC has filed a court brief claiming exclusive federal jurisdiction over prediction markets, intensifying a regulatory clash with states over event contracts and digital trading platforms.
Nevada has filed a civil enforcement action against Kalshi after a federal appeals court denied the firm’s attempt to block state regulatory action.
Bitwise and GraniteShares have filed for prediction market-style ETFs tied to US election outcomes, expanding the financialization of event-based derivatives.
Zora introduced its new attention markets platform on Solana, enabling traders to speculate on viral trends, as the ZORA token rose 6.2% following the announcement.
Bernstein reiterated its bullish stance on Robinhood, calling recent crypto revenue weakness temporary as prediction markets and new initiatives gain traction.
Jump Trading is set to provide market-making services to Kalshi and Polymarket in exchange for equity stakes, deepening institutional involvement in prediction markets.
Mizuho analysts say Gemini’s exit from overseas markets and workforce cuts could accelerate profitability and drive significant upside for GEMI shares.
Polymarket is partnering with Circle to migrate its settlement infrastructure from bridged USDC on Polygon to Circle-issued native USDC.