The rivalry between Polymarket and Kalshi is intensifying, with Polymarket compiling a copycat dossier alleging idea theft by Kalshi. Both companies have filed lawsuits, with Polymarket suing Minnesota following Kalshi’s lead.
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A Nevada state court has granted a preliminary injunction against prediction market operator Polymarket, marking the latest legal victory for state regulators seeking to restrict event-contract trading platforms.
Institutional participation in prediction markets took another step forward after Polymarket completed its first block trade, a six-figure transaction between digital asset brokerage FalconX and Anera Labs, a trading technology startup building a clearinghouse for AI risk.
Nevada’s gaming regulators secure a win with a preliminary injunction against Polymarket.
The Nevada Gaming Control Board (NGCB) secures a temporary shutdown order against Polymarket following a favorable ruling from a federal judge in a legal dispute over sports event contracts.
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North Carolina Gov. Josh Stein signed an executive order Wednesday banning state employees from using insider information to bet on prediction market platforms like Kalshi and Polymarket.
Google employee Michele Spagnuolo has been charged with using insider information to wager on search-related markets at Polymarket.
The Commodity Futures Trading Commission (CFTC) is responding with a lawsuit to legal action levied against two prediction markets by Rhode Island’s attorney general.
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