“It’s likely that federal agencies will continue to see their authority curtailed as a result of the Lopper Bright ruling and in the absence of new, clearer legislation from Congress,” wrote AlexRead More…
Kalshi, which won a significant victory in court last week when a federal judge ruled its political prediction markets should be allowed to trade in the U.S., said the CFTC wouldn’t sufferRead More…
If granted, the stay would mean Kalshi wouldn’t be allowed to list its election markets until late September at the earliest. The company, which settles trades in U.S. dollars, has been lockedRead More…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. ItsRead More…
Former President and likely Republican nominee Donald Trump remains the favorite to win the White House. “Yes” shares in Polymarket’s contract for Trump recently traded at 61 cents, and will pay outRead More…
“Prediction markets have long been sought as a prime use case for blockchains,” wrote Zack Pokorny, an analyst at Galaxy Digital, in a research note Friday. “Their censor/tamper resistant, transparent, and globalRead More…
On PredictIt, a more mainstream betting site where trades are placed in dollars rather than stablecoins, the Trump contract actually gained 1 cent following the guilty verdict, although at 51-48 his leadRead More…
“I’ve never made money on prediction markets. I’m down. It’s a hobby rather than something I actually make money on,” Brunet said in an interview with CoinDesk. “In the past, when IRead More…
“The Commission should treat Kalshi’s certification in the same manner it treats all DCM certifications of new products, and then do what Congress provided: Undertake a public rulemaking process to establish aRead More…