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Liberal Democrat MP, Bobby Dean, urges UK authorities to intervene as Polymarket "has a poor reputation for stopping insider trading."
Michael Rubin has expressed high growth ambitions for the operator over the next 12 months.
According to attorney Daniel Wallach, the ruling creates an ‘intra-circuit split’ with a decision previously handed down in Wisconsin, which is currently on appeal to the Seventh Circuit.
Nicole Saharsky, Partner at Mayer Brown law firm, wrote to Clerk Molly Dwyer on October 2 and cited rulings recently handed down in the Sixth and Ninth Circuit Courts.
Czech authorities take further action against prediction market operators as scrutiny of the sector continues.
As lawmakers call for more regulation, the popular prediction market operator introduces new user protection tools.
The agreement expands Kalshi's presence in mainstream US election coverage after the prediction market operator previously secured integrations with CNN and the Associated Press.
The US regulator is seeking to clarify which event contracts fall within the definition of a swap and where it would draw the boundary for casino-style gambling products.
The appointment comes as Polymarket looks to deepen its institutional liquidity and build out its leadership team amid the continued growth of prediction markets.
NGCB Chairman Mike Dreitzer and MGM Resorts SVP & Chief Compliance Officer Stephen Martino took part in the panel, comparing regulation across sports betting, iGaming and prediction markets.
