The prediction market operator Kalshi has introduced new job detail requirements for certain users. The firm aims to prevent insider trading and restrict certain individuals from engaging in sensitive trades.
After noting the opportunity presented by prediction markets for sports data companies, Sportradar is officially entering the space through an extensive data and integrity partnership with Kalshi.
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Kalshi is developing a terminal-style platform for active traders, introducing real-time market monitoring and order book visibility while extending its suite of trading tools beyond its core prediction market offering, according to media reports.
Lawyers have warned South Koreans who trade contracts on prediction markets could face prosecution under gambling laws, after a Polymarket user won $160,000 on the outcome of the Seoul mayoral election.
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.
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.
Yet another analysis, this time from Citizens JMP Securities, has suggested that prediction market users lose more than their traditional sports betting counterparts.
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Users in India have lost access to Polymarket after government authorities restricted entry to prediction market platforms classified as prohibited online money gaming services under local law.
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Sporttrade announced the closure of its US online sports betting operations on June 26. This move follows a failed attempt to obtain CFTC approval for prediction market products.
