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The move follows a wider European crackdown on prediction markets over gambling classification concerns.
The operator confirmed development of its new Kalshi Pro product in June, designed as a response to high-end users choosing to create their own software to help manage trades.
Fargis confirmed that he would be stepping down to explore different options in the sector.
The region has outlined a ‘world first’ regulatory structure which focuses on market integrity, innovation and consumer protection.
Several major Wall Street banks have added prediction-market betting restrictions to their employee codes of conduct, prohibiting bets linked to financial markets and political events.
As part of a social media post announcing the new launch, Polymarket encouraged users to stack trades on ongoing sports such as the UFC, MLB and 2026 FIFA World Cup.
FanDuel barely edged out DraftKings with just over $42.7m of revenue for June, equating to a decrease of 50.5%, while the Massachusetts-based operator’s GGR fell 40.5% to $41.6m.
The Tar Heel state brought an end to its prediction market debate this week, granting the CFTC ‘exclusive’ regulatory authority in exchange for a 6% tax on trading revenues.
Polymarket has a growing presence in Italian football, with the operator holding partnerships with Lazio and Serie A, despite concerns raised by politicians.
The executive order states all Arizona executive branch employees are prohibited from using nonpublic information to either personally or assist others in profiting off prediction markets.
