Crypto Prediction Markets Face Existential Threat — 3 States Move To Shut Tra...
Illinois, Arizona and Connecticut are trying to regulate crypto predictions markets, such as Polymarket and Kalshi. The Commodity Futures Trading Commission and the Justice Department are coming to the rescue. For The First Time, The Scale Moves In Crypto Prediction Markets’ Favor As contradictory as it may sound, the Trump administration is trying to save […]
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Augur, a decentralized platform allowing individuals to create prediction markets on a vast array of topics, announced today that it was launching its alpha test."Traditionally, prediction markets have fallen short due to their need for volume in order to be valuable forecasting tools," explained Jeremy Gardner, the Director of Operations at Augur. "Having a global, unstoppable, blockchain-based prediction markets platform means anyone in the world with internet can connect to Augur."However, Augur is not, itself, a prediction market. Rather, it is open-source code for a prediction markets....
Two different acts banning congressional staff, members of congress and federal officials from trading on prediction markets were introduced on Wednesday, March 25, one of them being effective immediately. Related Reading: Nvidia Lands In Court Over Crypto Secret — Here Is What Investors Missed Massachusetts Bans Crypto Prediction Market Washington’s battle against prediction markets rages […]
Prediction markets are being dominated by automated AI agents and high-frequency trading bots, which extracted around $40 million from market inefficiencies within a single month. Related Reading: Crypto Donations Face Ban As Canada Steps Up Election Security Measures These digital traders look for news of global unrest and respond in milliseconds, often moving the price […]
The US Commodity Futures Trading Commission (CFTC) has escalated a jurisdictional clash with state governments by filing lawsuits against three states in a bid to assert exclusive federal authority over prediction markets. The litigation targets Arizona, Connecticut, and Illinois — and in Illinois’ case, specifically names Governor J.B. Pritzker — after those states took steps […]
The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as ‘event markets,'” said the derivatives regulator.
CFTC Takes First Crypto Enforcement Action of the Year
The Commodity Futures Trading Commission (CFTC) has taken the first crypto enforcement action of the year in the U.S.....