CFTC voluntarily dismisses lawsuit, election betting regulation takes a sudden turn: Prediction markets may enter a "legalization era"

The U.S. Commodity Futures Trading Commission (CFTC) this week voluntarily withdrew its appeal against the Kalshi exchange, marking an official end to its policy of cracking down on election betting. This move not only represents a significant shift in regulatory attitudes but also signals the gradu

The NBA calls on the CFTC to establish a regulatory framework for sports prediction markets, focusing on the industry's rapid growth.

The National Basketball Association (NBA) has submitted a letter to Caroline D. Pham, the acting chair of the Commodity Futures Trading Commission (CFTC), specifically discussing the expansion of sports prediction markets.The letter outlines the potential risks to the fairness of NBA games, as these

What is the "Prediction Market"? PASA unveils the emerging business of "Prediction Market Betting"

In today's increasingly integrated world of gambling and finance, a new concept is quietly emerging—Prediction Market Betting.It is not traditional sports betting, nor is it typical stock or futures trading, but a form of "knowledge competition" based on the outcomes of events, gradually reshaping p

Kalshi Expands Prediction Market Landscape: Officially Launches MLB Single-Game Event Trading, Targeting New Blue Ocean in Sports Finance

The American prediction market trading platform Kalshi has officially launched a single-game trading market for Major League Baseball (MLB), allowing users to trade on the outcome of each game. Following the recent launch of NBA playoff contracts, this marks an acceleration in Kalshi's strategic dep

Prediction Markets: Can Gambling Bring Benefits to the World?

The Future of Sports Betting? How Predictive Markets Are Changing the Game Rules!

The ECGC expert group stated: "Predicting the market" and off-case betting have brought unprecedented impacts to the legal market in the United States.

The challenges traditional casinos face from illegal gambling, offshore websites, lottery casinos, and so-called "prediction markets" seem to be intensifying, as the debate over whether legal iGaming sites might erode the revenue of physical casinos continues.At the 28th East Coast Gaming Congress h

The future has arrived! Prediction Markets are reshaping global gambling and decision-making methods.

Prediction Markets are an emerging financial instrument that allows participants to bet on the outcomes of real-world events and reflect collective intelligence through market mechanisms. These markets combine economics, game theory, and blockchain technology, and are widely used in political electi

Encryption Magic: In-depth Analysis of Polymarket, SX Bet, Pred X, and Azuro Prediction Markets

Predicting the market is an open market that predicts specific outcomes through financial incentive mechanisms. These markets are trading markets established for betting on various event outcomes. Market prices can reflect the public's view of the probability of an event occurring.A typical predicti

After Polymarket, what potential projects in the prediction betting market could make a fortune?

Market OverviewThe prediction market can be divided into two main camps: non-sports and sports. The non-sports market is relatively underdeveloped, with multiple target areas: cryptocurrencies, political events, cultural events, etc.Polymarket is the undisputed leader in the non-sports market, main

Polymarket, the company that accurately predicted Trump's victory, is a prediction betting market on the rise.

Polymarket is a decentralized binary prediction market built on Polygon, where users can use USDC to place bets on any future events that have not yet occurred, including topics in business, politics, pop culture, sports, and more.After the outcome of the event is determined, the losing side will lo

After failing in the regulated sports betting sector, the Sports Illustrated brand is entering the prediction market.

Media brands are collaborating with Galactic to launch the "unmanaged platform" SI Predict in the second quarter.Sports Illustrated was once one of the most famous brands in the sports media world.Times have changed, and the media field has become bland, but apparently some still believe the letters

Polymarket is under scrutiny for a $7 million Ukrainian mineral trade bet, sparking manipulation controversy.

The decentralized prediction market Polymarket has recently been embroiled in controversy due to a bet involving Trump and Ukraine mineral trade. The market has accumulated a trading volume of over 7 million USD, but the final settlement results, dominated by whale voting, have sparked intense comm

Predictive platform Polymarket and contract exchange Hyperliquid have exposed vulnerabilities. Can decentralized 'casinos' truly achieve absolute fairness?

In recent days, the decentralized cryptocurrency 'casino', the prediction platform Polymarket and the contract exchange Hyperliquid, have revealed two significant vulnerabilities.Polymarket— The Will of the Community HijackedOn Polymarket, the market predicting the completion of a rare earth agre

Belgium blocks Polymarket as blacklisted website

Kansspelcommissie, the Gambling Authority of Belgium, has added Polymarket to its blacklist of illegal gambling websites as of 30 January 2025.Belgian news sources report that the Authority has determined Polymarket to be non-compliant with the Gambling Act of Belgium.Polymarket is reported to have

Singapore strengthens online gambling regulation, banning access to blockchain prediction platform Polymarket.

As part of its ongoing efforts to regulate online gambling activities, Singapore has joined the growing list of countries restricting access to the blockchain-based prediction trading platform Polymarket.The Singapore Gambling Regulatory Authority (GRA) has declared the platform illegal, and violati