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
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
Palantir, a data‑analysis giant, has just signed a deal with Polymarket to build a new sports‑betting platform. The partnership will use Palantir’s AI engine to spot shady trades and block banned bettors in real time. This move ties Palantir to a market that is under heavy legal scrutiny. The U. S.
A new medical breakthrough has reached a milestone in Japan: the government has approved the first therapy that uses human cells reprogrammed back to a stem‑cell state. This approval marks the start of a new era where damaged tissues can be replaced by cells that grow into the needed type. The appro
Kalshi and Polymarket are two big names in online betting on future events. Their leaders, Tarek Mansour and Shayne Coplan, are not just competitors; they seem to hate each other. Mansour often talks about Polymarket without naming him, calling the platform “unregulated and foreign. ” He ev
Lawmakers are stepping up their criticism of markets that let people bet on the results of military actions. The debate grew louder after a prediction platform opened a line on whether Iranian leader Ayatollah Ali Khamenei would lose power following an attack that killed him. Some senators called th
Nevada’s gaming authorities have filed a lawsuit against Kalshi, a company that runs an online platform where people bet on sports and other events. The state says Kalshi is operating without the required licenses and is letting people under 21 place bets, both of which break Nevada law. The case
Nevada gaming officials have filed a lawsuit to prevent Kalshi, an online prediction market, from offering contracts that let residents bet on sports like football and basketball. The case is part of a larger fight over whether state regulators can oversee companies that allow financial bets through
