Dutch Regulators Play Whac-A-Mole as Prediction Markets Evade Polymarket Ban
Despite a February ban on Polymarket, platforms like Kalshi and Hyperliquid are flourishing in the Netherlands as the Ksa struggles to enforce “operational” supervision.
Prediction Markets covers the intersection of blockchain, speculation, and event-based trading. The topic aggregates news, analysis, and explainers on decentralized platforms where users trade contracts tied to elections, economic data, sports, crypto milestones, and other real-world outcomes. Coverage focuses on how prediction markets function within the broader crypto economy – from platform launches and token mechanics to liquidity, regulation, user behavior, and the role these markets play in price discovery and sentiment tracking. It serves as a dedicated hub for readers following one of the most experimental and closely watched segments of digital assets.
Despite a February ban on Polymarket, platforms like Kalshi and Hyperliquid are flourishing in the Netherlands as the Ksa struggles to enforce “operational” supervision.
With the HIP-4 proposal, Hyperliquid is integrating event contracts directly into its high-speed L1 blockchain, allowing traders to cross-margin “Yes/No” bets against leveraged perpetuals.
Polymarket is in active discussions with the CFTC to lift the 2022 prohibition on US users, aiming to merge its massive international liquidity with its regulated domestic arm as competition with Kalshi heats up.
A growing legal conflict over prediction markets in the US is approaching a potential Supreme Court decision, as courts debate whether platforms like Kalshi fall under gambling or federal derivatives law.
Polymarket is in talks to raise $400 million at a $15 billion valuation, reflecting growing investor appetite for prediction markets despite regulatory uncertainty.
Financial giants Charles Schwab and Citadel Securities are considering prediction markets, signaling growing institutional interest in event-based trading beyond traditional assets.
Binance Wallet integrates Prediction Markets via Predict.fun, enabling users to trade probability-based outcomes using Spot and Funding Account balances.
Binance is beta-testing a prediction markets feature in its wallet app through a partnership with Predict.Fun.
US lawmakers push regulators to address insider trading risks in prediction markets amid growing scrutiny of platforms like Kalshi and Polymarket.
Intercontinental Exchange adds $600 million to Polymarket, bringing its total investment close to $2 billion.