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The marketplace had also requested additional time to brief its preliminary injunction notice but was officially denied by Wisconsin federal court on December 31 due to a lack of 'good cause.'
Escaping gambling regulation might just be the tip of the iceberg for prediction markets as the list of social concerns continues to grow.
Kalshi, the US-based prediction markets company Co-Founded by Brazilian entrepreneur Luana Lopes Lara, is considering Brazil as a potential future market.
Michael Selig has been sworn in as the new Chair of the CFTC, with Caroline Pham departing altogether - will this alter or shore up the regulator's hands-off approach to prediction markets?
Representatives from universities such as Harvard, Yale and Stanford have signed on to collaborate with Kalshi Research, while calls for abstracts are currently open to the public.
FanDuel Predicts officially made its debut in Alabama, Alaska, South Carolina, North Dakota and South Dakota, while a 'phased national rollout' is scheduled for the coming weeks.
The prediction market operator has gaming regulators in the states of Connecticut, Michigan and Illinois.
IGA Executive Director Jason Giles and Conference Chairman Victor Rocha hosted representatives from Better Markets and Crowell Law Firm as part of the online series.
Despite purchasing its own CFTC-licensed exchange in Railbird Exchange, DraftKings' new prediction market product is initially launching with the CME Group.
Robinhood VP and GM of Futures and International JB Mackenzie stated the pre-set combinations are meant to share the same 'structural look or feel' as traditional parlay offerings.
