DraftKings reports 34% rise in predictions traded volume for May
The update comes as sports event contracts face closer federal scrutiny and US sportsbooks test prediction markets as a route into non-betting states.
The update comes as sports event contracts face closer federal scrutiny and US sportsbooks test prediction markets as a route into non-betting states.
The collaboration will grant FanDuel Predicts the ability to offer an expanded lineup of sports and entertainment contracts in addition to the markets provided in partnership with CME Group.
Massachusetts Senator Elizabeth Warren issued a letter to CFTC Chairman Michael Selig, requesting a record of communications between the Commission and prediction market entities.
Co-Founder Luana Lopes Lara says the prediction market operator plans to work with regulators after authorities restricted access to platforms such as Kalshi earlier this year.
Kalshi has asked paid influencers to remove posts that questioned the integrity of the Los Angeles mayoral election.
Sportradar has entered into a multi-year agreement with Kalshi, providing official sports data, integrity services and technology solutions as the sector continues to expand under increasing regulatory scrutiny.
Kalshi has referred a case involving former Congressman George Santos to federal regulators after identifying potentially suspicious trading activity.
Players are suing casino directors. Turkey wants to jail players. A US soldier faces prison for a Polymarket windfall... Across the gambling world, individuals are finding that the corporate shield no longer protects them the way it once did…
Attorney General Raúl Torrez believes Kalshi ‘ignored’ New Mexico’s regulatory framework and stated the operator’s event contracts ‘function in the same manner’ as sports betting.
It is understood to be the first probe of its kind in South Korea and covers individuals who placed bets with Polymarket nationwide.