CFTC Sues New York to Stop It From Treating Prediction Markets as Gambling
The CFTC filed a lawsuit against New York on April 24 in the Southern District of New York, seeking a permanent injunction to stop the...
Tag : Markets
Prediction markets reflect 'wisdom of an informed minority,’ not crowd: Study
About 3.5% of informed traders, including market makers and skilled takers, capture over 30% of profits on prediction platforms, while about 67% of users absorb...
CFTC sues New York over bid to apply gambling laws to prediction markets
The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against New York to stop the state from applying its gambling laws to federally regulated...
Robin Markets raises $475,000 as VC backs Polymarket yield infrastructure
Robin Markets raised $475k to launch a staking product that turns Polymarket positions into yield, a targeted crypto VC bet in a funding cycle otherwise...
Wisconsin Sues Prediction Markets Over Sports Betting Contracts
In brief Wisconsin Attorney General Josh Kaul has filed complaints targeting Kalshi, Polymarket, Robinhood, Crypto.com, and Coinbase over their prediction market offerings. The lawsuits seek...
Anthropic Beats OpenAI on Secondary Markets With $1 Trillion Implied Valuation
In brief Anthropic’s shares are trading at $1 trillion on secondary platforms like Forge Global, overtaking OpenAI which sits at $880 billion on the same...
Reppo lands $20m bet on using prediction markets to fix AI’s data problem
Reppo landed a $20m strategic commitment from Bolts Capital to scale its prediction market protocol and “Datanets,” aiming to turn staked human judgment into high‑quality...
New York, Illinois sign EO banning state employees from prediction markets
New York Governor Kathy Hochul has signed an executive order banning state employees from betting on prediction markets, following a similar move by Illinois earlier...
New York, Illinois Ban Government Employees From Insider Trading on Prediction Markets
In brief New York and Illinois banned government employees from using insider information to trade on prediction markets. The moves come as both states challenge...
Coinbase shifts New York prediction markets fight to federal court
Coinbase’s chief legal officer, Paul Grewal, said Wednesday that the company had removed New York Attorney General Letitia James’ prediction markets lawsuit from state court...