Kalshi Sues Illinois Over New State Tax on Sports-Related Prediction Markets
In brief Kalshi sued Illinois after the state created a 15% tax on revenue from sports-related prediction market wagers. The tax is set to go...
Tag : Markets
Kalshi sues Illinois officials over prediction markets restrictions
Prediction markets company Kalshi has filed a lawsuit against state officials in Illinois over legislation it says “expressly bans sports event contracts” on its platform....
Kalshi restricts Indian users after regulatory pressure on prediction markets
Kalshi has added India to its list of restricted jurisdictions, preventing residents from accessing the U.S.-based prediction market platform, based on an updated members’ agreement...
Charles Schwab to enter prediction markets with S&P 500 wagers: WSJ
Financial services giant Charles Schwab will reportedly enter the prediction markets business by offering customers wagers on the S&P 500. According to a Friday Wall...
Charles Schwab Planning to Roll Out S&P 500 Prediction Markets With Cboe: WSJ
In brief Charles Schwab is reportedly entering the prediction market space in collaboration with Cboe Global Markets. The firm had previously telegraphed it may look...
Republican lawmaker proposes prediction markets insider trading ban, not including White House officials
Wisconsin Representative Bryan Steil, who chairs the House subcommittee on digital assets, introduced a law to prevent certain public officials from “wagering on public policy...
Michigan Federal Judge Rules Sports Prediction Markets Are Not Under CFTC Purview
In brief A Michigan federal judge ruled sports prediction markets are not CFTC-regulated swaps, siding with state regulators over Polymarket. The court denied Polymarket’s bid...
Citadel signals Fed may shock markets with fresh rate hikes
Wall Street expectations for future Federal Reserve tightening have increased sharply, with Citadel Securities now warning that policymakers could begin raising interest rates again as...
Kalshi assigns AI agent to pick markets as volume tops $5B
Kalshi has deployed an artificial intelligence agent to help decide which prediction markets to launch as trading activity on the platform has climbed to more...
Americans Traded Up to $34 Billion on Offshore Prediction Markets: Study
In brief A new study commissioned by the Coalition for Prediction Markets found Americans wagered up to $34 billion on offshore prediction markets during a...