Polymarket, Kalshi Hit New Roadblock In Spain: Regulator Opens Probe Over Law...
Polymarket and Kalshi have been hit with mounting regulatory scrutiny, and Spain is now the latest jurisdiction to step in. After challenges ranging from security concerns to government investigations, Spanish regulators have begun a formal process against both prediction market operators and ordered their sites blocked nationwide. Sanctions Against Polymarket And Kalshi Spain’s Directorate General […]
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Representative James Comer, Republican of Kentucky and chairman of the House Oversight and Government Reform Committee, announced a formal investigation into prediction market platforms Polymarket and Kalshi on May 22 — demanding that the CEOs of both companies explain how their platforms detect and prevent insider trading, in a probe triggered by a series of […]
According to recent reports, the Dutch arm of the prediction markets platform Polymarket has been asked to cease its activities in the Netherlands. This order comes as the latest regulatory blow dealt to the prediction market platform in recent weeks. Dutch Regulator Threatens Polymarket With $840,000 Fine In a notice dated Tuesday, February 17, the […]
Polymarket, the world’s largest prediction market, is rolling out new safeguards against insider trading and manipulation. Polymarket’s Most Recent Bet The pressure generated from the growing scrutiny that prediction markets have come under as of late seems to have done the trick. Polymarket updated its rules on Monday and shortly after, Kalshi, its main competitor, […]
Polymarket is believed to have hired CTFC enforcement head James McDonald to handle the probe. New York-based decentralized prediction market Polymarket has come under investigations from the United States Commodity Futures Trading Commission (CFTC).According to an Oct. 23 report from Bloomberg citing anonymous sources, the CFTC is investigating whether Polymarket is allowing its customers to trade binary options and swaps that should be registered with the financial regulator. The CFTC is yet to confirm whether it is investigating Polymarket.A spokesperson for the platform stated:....
Kalshi has switched on tokenized versions of its event contracts on Solana, making its first explicit play to court the same crypto-native traders who have funneled billions of dollars into rival prediction platform Polymarket. Instead of holding positions solely as traditional off-chain contracts on Kalshi’s regulated venue, users can now buy and sell tokenized representations […]