Key Highlights: A Reuters/Ipsos survey of 4,506 U.S. adults revealed broad bipartisan pushback against election betting, with 69% of Democrats and 61% of Republicans opposing prediction markets on electoral outcomes. Prediction exchange Kalshi recently fined and suspended four congressional candidates for placing wagers on their own races, underscoring ongoing concerns over insider trading and conflicts ...
Key Highlights President Donald Trump’s administration is seeking federal regulatory oversight for prediction markets through the Commodity Futures Trading Commission (CFTC). A coalition of 39 U.S. states and the District of Columbia has opposed federal preemption, stating in an amicus brief that the clash has escalated into a “national turf war” likely requiring Supreme Court ...
Key Highlights SEC Chairman Paul Atkins has approved a Cboe Global Markets rule change enabling cash-settled, European-style contracts tied directly to corporate SEC filings. Retail trading platform Robinhood is poised to be the first brokerage to offer the new contracts, with listings anticipated this month pending Cboe Clear U.S. registration. Chairman Atkins emphasized that the ...
Key Highlights A New Taipei court approved regulatory measures enabling Taiwan’s communications watchdog and internet registry to restrict domestic access to Coinbase and prediction platform Kalshi. Taiwan’s Criminal Investigation Bureau sought the intervention over suspected violations of the Public Officials Election and Recall Act to protect election integrity and guard against foreign interference. The access ...
Key Highlights: Binance.US is in talks for a fresh fundraising round that could value the cryptocurrency exchange at approximately $1 billion, down from its $4.5 billion pre-money valuation in 2022. Under CEO Stephen Gregory, the platform aims to rebuild market share through external liquidity access, state money transmitter licenses, and an expansion into derivatives and ...
Key Highlights: A Democratic victory in the U.S. House or Senate could significantly increase political, oversight, and legal scrutiny on the financial and cryptocurrency sectors under the Donald Trump administration. Congressional investigators are expected to focus heavily on the Trump family’s financial ties to crypto and prediction markets, alongside potential conflict-of-interest and national security concerns. ...
Key Highlights Industry consulting firm KlasRobinson Q.E. has prepared a new specialized assessment report. The findings focus on sector evaluation, feasibility, and economic analytics typical of the firm’s advisory scope. Stakeholders and industry observers await further distribution and detailed breakdowns of the report’s conclusions. KlasRobinson Q.E. Releases Comprehensive Advisory Report Specialist consulting firm KlasRobinson Q.E. ...
Key Highlights: The U.S. CFTC proposed defining qualifying event contracts across politics, sports, culture, and weather as swaps, while issuing an interim final rule to exclude traditional sportsbook wagers and casino games. ESMA issued an opinion advising MiCA-authorized crypto-asset service providers to halt services for noncompliant asset-referenced and e-money tokens within three months. New York ...
Key Highlights The Commodity Futures Trading Commission (CFTC) has released two new regulatory proposals addressing prediction markets. Under the proposed framework, event contracts are formally categorized as swaps under federal derivatives law. The measures establish explicit boundaries to differentiate federally regulated financial contracts from traditional gambling. CFTC Unveils Dual Regulatory Proposals for Prediction Markets The ...
Key Highlights A circuit court split has emerged over whether sports-related prediction markets qualify as financial swaps subject to CFTC authority or as gambling governed by state law. Two federal appellate courts have determined that sports prediction markets constitute state-regulated gambling, while one circuit court held they fall under federal oversight. A flurry of recent ...
Key Highlights Prediction market platform Kalshi is actively investigating trading activity surrounding contracts that predicted the selection of Zacharia as press secretary. Zacharia had traded at an implied probability of roughly 1% prior to the announcement, prompting regulatory and market integrity scrutiny. Exchange rules permit Kalshi to freeze accounts and restrict fund withdrawals during pending ...
Key Highlights: A new regulatory proposal could bolster federal oversight arguments for Kalshi and Polymarket US against state gambling regulators by treating event contracts as swaps. The Commodity Futures Trading Commission (CFTC) issued a separate interim final rule clarifying that traditional casino games and sports betting are excluded from swap definitions. While the event contract ...