Crypto News
US Senate Bans Itself From Prediction Markets in Unanimous Vote
The US Senate voted unanimously to bar senators and their staffs from placing bets on prediction markets, citing concerns over insider trading and public
#Prediction Markets
Crypto News
Gemini Wins CFTC Clearinghouse License to Take On Kalshi and Polymarket
Gemini received CFTC approval for a derivatives clearinghouse license, giving the Winklevoss-led exchange full in-house control over prediction market and
Crypto News
A Tiny 3% of Traders Drive All Prediction Market Accuracy Study Shows
Researchers analyzed 1.72 million Polymarket accounts and found a small informed elite moves prices toward correct outcomes while 97% of traders lose
Crypto News
CFTC Sues New York to Assert Federal Control Over Prediction Markets
The CFTC added New York to its growing list of states it is suing over prediction markets, defending federal jurisdiction against state gambling laws.
Crypto News
DOJ Drops Fed Probe Clearing Kevin Warsh Path to Chair Confirmation
The Justice Department dropped its criminal investigation into Fed Chair Jerome Powell, removing the key obstacle blocking Kevin Warsh's Senate
Altcoin News
Wisconsin Sues Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com Over Prediction
Wisconsin filed three separate complaints targeting prediction market platforms, arguing their event contracts are illegal wagers under state gambling law.
Crypto News
Polymarket Traders Pocket $37K After Paris Weather Sensor Readings Raise Tampering Fears
Two Polymarket accounts netted $37,000 on Paris weather markets after suspicious temperature spikes at Charles de Gaulle Airport, prompting a French
Crypto News
Coinbase Moves New York Prediction Markets Case to Federal Court
Coinbase has escalated its legal battle with New York by removing the state AG's prediction markets lawsuit to federal court, arguing federal law governs
Crypto News
DOJ and CFTC Move to Shield Kalshi From Arizona Gambling Crackdown
The US Justice Department and CFTC asked a federal court to block Arizona's criminal enforcement against Kalshi, escalating a national battle over who
Crypto News
Federal Government Takes Illinois to Court Over Prediction Market Crackdown
The CFTC has sued Illinois in a first-of-its-kind federal preemption case, arguing the state has no authority to police prediction markets already