Big banks and brokerages are cracking down on prediction markets as fears grow that they could be misused to trade on confidential information.
The rapid growth of these platforms, which enable users to wager on the results of real-world events, has caused banks and regulators to revisit existing safeguards.
Goldman Sachs and Morgan Stanley are among the firms tightening rules to ensure the integrity and legality of prediction market activities.
The Inter-Tribal Council of the Five Civilized Tribes (ITC) has adopted a resolution calling on Congress and federal regulators to protect tribal sovereignty from prediction markets such as Kalshi and Polymarket.
The New York Lottery unveiled yet another scratch-off winner, this time from Cheektowaga.
The Commodity Futures Trading Commission (CFTC) is investigating after Kalshi personnel admitted that President Donald Trump’s teleprompter operator won around $100,000 trading on Kalshi on what Trump’s speeches would include.
England vs. Argentina kicks off in the World Cup Semifinals at 3 p.m. ET on FOX from Mercedes-Benz Stadium in Atlanta, Georgia.
