Prediction markets let people wager on just about anything — from basketball games to elections. And among more jarring bets recently, the fate of the U.S. and Israel’s war against Iran. Shortly ahead of a fragile ceasefire agreement earlier this week, a new group of accounts on prediction market platform Polymarket made highly specific, well-timed … Read more
White House aides got an email last month telling them not to place bets on prediction markets with nonpublic information, multiple administration officials told CBS News. It was sent March 24, according to two White House officials. The email from the White House Management Office, which was obtained by CBS News, states: “Recent press reports … Read more
Lawmakers are pressing securities regulators to crack down on prediction markets amid several recent incidents of people using the increasingly popular platforms to bet on events tied to the Iran war and other government actions. In an April 6 letter to Commodity Futures Trading Commission Chair Michael Selig, seven House Democrats demanded that the agency … Read more
The federal government is suing Connecticut, Arizona and Illinois, challenging their efforts to regulate prediction market operators such as Kalshi and Polymarket The federal government on Thursday sued Connecticut, Arizona and Illinois, challenging their efforts to regulate prediction market operators such as Kalshi and Polymarket. All three states have sent cease and desist orders to … Read more
EDGEWOOD, N.M. — At the Indian Gaming Association’s annual convention in San Diego this week, two words have dominated the agenda: Prediction markets. On public panels and in closed-door meetings, tribal leaders have discussed the explosive growth of platforms like Polymarket and Kalshi and the potential threat to tribes’ hard-fought and heavily regulated place in … Read more
The Commodity Futures Trading Commission says it has exclusive jurisdiction over platforms such as Kalshi. Source link
Heading into the midterm elections, investors and political observers are turning to prediction markets like Kalshi and Polymarket to gauge who might win. Source link
JPMorgan Chase CEO Jamie Dimon revealed that his bank is considering offering prediction market services to its customers. “It’s possible one day we’ll do something like that,” Dimon said in an interview with “CBS Evening News” anchor Tony Dokoupil, speaking about services such as Kalshi and Polymarket, which allow people to make bets on everything … Read more
Over 40 Democrats in the U.S. House and Senate signed a letter to top administration regulators and ethics officials on Monday asking for governmentwide training on insider trading in prediction markets. The letter to the Commodity Futures Trading Commission and the Office of Government Ethics comes after weeks of increasing scrutiny regarding potential insider trading … Read more
NEWYou can now listen to Fox News articles! Democratic Rep. Seth Moulton of Massachusetts has implemented a policy to ban staffers from betting on prediction markets on issues pertaining to issues such as politics and any information obtained in an official capacity. “Congressman Seth Moulton (MA-06) today became the first Member of Congress to institute … Read more