Kalshi Launches Fine Art Trading in Prediction Markets
Kalshi has launched a new category of fine art trading, an important step in the evolution of prediction markets.
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Kalshi has launched a new category of fine art trading, an important step in the evolution of prediction markets.
Spain and Indonesia have declared prediction markets as gambling, banning leading platforms from operating in the countries.
Spain has moved to block access to prediction market platforms Polymarket and Kalshi while regulators investigate whether the companies have been operating in the country without the required gambling licenses.
Australian regulators are monitoring US-based prediction market platforms that are hosting bets on Australian elections, Reserve Bank decisions, and specific words Prime Minister Anthony Albanese may say in Parliament.
Rhode Island Attorney General Peter F. Neronha sued prediction market operators Kalshi and Polymarket in state court on Thursday, alleging their sports event contracts violate state gambling laws because they function like traditional sports betting.
US-based online prediction sites are drawing attention for allowing users to speculate on the minutest details of Australian public life, from elections to the very words uttered by the country’s prime minister.
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Polymarket is preparing to launch parlays on its platform as it expands in the US.
Rhode Island is the latest state to take legal action against prediction markets that offer sports event contracts resembling state-sanctioned online sports wagers.
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Survivor host Jeff Probst apologized for inadvertently revealing a season finale spoiler, where a contestant would exit the show. Kalshi's markets had essentially predicted the winner seven months prior.