Coinbase says its Kalshi-powered prediction markets are now available nationwide, offering event contracts tied to sports, politics and culture.
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The predictions market platform announced two new hires related to state policy efforts and relations with the federal government.
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Bitcoin bull market optimism has suffered since the October crash, as chances of a short-term BTC price rally above $100,000 appeared to be fading.
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A preliminary injunction against the prediction markets platform reportedly came at the request of Massachusetts Attorney General Andrea Joy Campbell.
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The moves highlight growing uncertainty over whether crypto prediction markets are to be treated as finance or gambling.
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Insider trading is hard to curb on non-KYC prediction markets, but even identity checks do not fully eliminate abuse, according to Messari’s Austin Weiler.
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Backpack exchange launched an invite-only beta for its Unified Prediction Portfolio, letting users hedge and trade across markets in a single crypto account.
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Prediction market Kalshi dominated trading volumes on Monday, accounting for two-thirds of the $701.7 million tally.
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Kalshi can continue offering event contracts in Tennessee after a federal judge temporarily restrained state regulators pending a preliminary injunction hearing.
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Tennessee regulator warned that failure to comply could trigger steep fines, court injunctions and potential law enforcement referrals for for further investigation.
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Parcl’s native PRCL token surged over 100% following news of the partnership, which brings housing price indexes into prediction markets.
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A $400,000 Polymarket wager tied to Maduro’s capture has prompted Ritchie Torres to propose legislation restricting insider trading on political prediction markets.
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Coinbase sued regulators in Connecticut, Illinois and Michigan, arguing CFTC-regulated prediction markets should fall under federal commodities law, not state gambling rules.
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The US regulator's green light lets Bitnomial’s clearinghouse support prediction markets linked to crypto and economic events, expanding its regulated product and clearing offerings.
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A US judge has handed Kalshi a small win after putting a temporary stop to the Connecticut Department of Consumer Protection’s enforcement action against the company.
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