Tag: prediction markets

The full ruling in Kalshi’s case in Nevada came out yesterday, which was good news for the event contracts company. Chief Judge Andrew Gordon filed the ruling after granting Kalshi a temporary restraining order in

A federal court granted Kalshi a temporary restraining order and preliminary injunction as requested by the prediction markets site. A statement read, “Plaintiff’s motion for TRO and preliminary injunction are

In an interview on Monday, Mansour stated, “we’re not necessarily very concerned” about state regulators’ complaints of illegal sports betting. Kalshi has now received five cease-and-desist letters over their

Polymarket, a decentralized crypto betting platform, has seen over $160,000 of trading volume in their second coming prediction market. At the moment, the market puts the return at a 3% chance. Rules of the market are

The Illinois Gaming Board sent cease-and-desist letters to Crypto.com, Kalshi, and Robinhood over claims that the trading platforms are engaging in illegal sports betting activities. New Jersey, Nevada, and Ohio had

Kalshi and Robinhood face a growing number of legal challenges to their prediction markets. State regulators claim that the prediction markets are online betting and violate state laws. The Connecticut Department of