A recent court decision flipped the script on how sports betting might be regulated in the future. A federal appeals court ruled that prediction markets—where people bet on sports outcomes—don’t fall under state gambling laws. Instead, they’re treated like financial contracts, overseen by a federal
Big banks smell money in prediction markets—places where people bet on real-world events like election outcomes or sports results. Jamie Dimon, CEO of JPMorgan, casually mentioned his firm might jump in, but ruled out betting on sports or politics. Goldman Sachs is already deep in talks with leading
P2P. me, a startup that turns stablecoins into cash, made headlines for a risky decision: betting on its own fundraising round through the prediction‑market site Polymarket. The company said it earned less than $15, 000 from the bets, but the action hurt its reputation and made investors uneasy.
The governor has issued a new rule that stops state workers from using prediction markets to bet on things that could affect their jobs. This move comes after reports that some people with inside information were making large profits by placing bets before big news. The law says that anyone wh
Prediction platforms that let users bet on events like elections, sports games and pop culture shows are facing a possible legal crackdown. A bill called the STOP Corrupt Bets Act is set to be filed in the Senate, while a House version will follow soon. The new law would prohibit trading on many
Senators and a representative introduced a new bill that would bar bets on elections, wars, and sports. The move follows recent wagers that predicted big events such as a Venezuelan president’s ousting and a Middle East conflict. Critics argue that allowing anyone to bet on government actions
The U. S. Commodity Futures Trading Commission has set up a new team to help shape rules for the fast‑growing worlds of crypto, artificial intelligence and prediction betting. The group will sit alongside existing bodies such as the Securities and Exchange Commission and its own crypto watchdog, aim
Polymarket turned a bar close to the White House into a temporary arena for its prediction platform. The space, called “The Situation Room, ” was open only for one weekend. Inside, rows of televisions lined the walls and hung above the bar. They broadcast live news feeds and financial tickers, keepi
After losing his casino business, the Trump family has shifted focus to prediction markets, where people bet on a wide range of events. Donald Trump’s early push for sports betting in New Jersey was rejected by lawmakers, but today his son, Donald Trump Jr. , advises two major prediction‑market firm
Nevada has hit a prediction market platform with a two-week ban, stopping people from trading on sports, elections, and entertainment outcomes without proper licenses. Courts will soon decide if this pause turns permanent while legal fights rage on. The company involved calls these contracts financi
