New Kalshi-led coalition: SPGA shortcomings a cautionary tale?
With exclusive comments from Kalshi, Global Gaming Insider explores the inception of the Coalition for Prediction markets as the industry takes the fight to state regulators.
With exclusive comments from Kalshi, Global Gaming Insider explores the inception of the Coalition for Prediction markets as the industry takes the fight to state regulators.
The US financial regulator has confirmed in no-action letters that it won't enforce against prediction markets in certain situations.
The operator officially launched its prediction markets platform Fanatics Markets on December 3, now joining DraftKings and FanDuel in relinquishing its membership status with the AGA.
The CFTC has named Winklevoss alongside Polymarket and Kalshi CEOs on a 12-strong CEO Innovation Council.
Current President and CEO, Jeremy Kudon, will cede both roles to Maloney, before stepping into his new position as Chairman.
Kalshi and Crypto.com have announced the formation of a new prediction market coalition comprised of numerous leading operators.
The Washington State Gambling Commission issued a guidance to operators on December 9, stating it will 'monitor the ongoing cases' involving prediction markets through the court system.
The state is seeking an injunction to halt Kalshi's operations, arguing that its sports contracts constitute unlicensed wagering and fall under state gaming law rather than federal commodities regulation.
The new in-house system is built to scan odds on platforms such as Polymarket in real time, using AI models to generate trading signals that EBZT executes with its own capital.
Do these media integrations explain why Kalshi's valuation has more than doubled in less than two months?