EU watchdog says prediction markets are ‘rife with insider trading’
The EU’s securities watchdog said prediction markets are “rife with insider trading” and warned that retail users face financial loss, addictive behavior and exploitation.
Tyler Andrews
Posts by Tyler Andrews
Missouri orders Crypto.com and five other prediction markets to stop sports event contracts
Missouri’s attorney general says six prediction market operators, including Crypto.com, must stop offering sports event contracts to residents unless they are licensed by the Missouri Gaming Commission.
Kalshi, Polymarket lead NFL Week 1 prediction market trading as volume hits record
Kalshi and Polymarket opened the NFL season ahead of rival prediction market operators, with combined Week 1 NFL trading topping $1 billion and industry-wide volume reaching a reported record $15.9 billion.
Texas lawmakers question whether prediction markets are legal under state gambling rules
Texas lawmakers are weighing whether prediction markets amount to gambling, adding to a wider state-by-state fight over platforms such as Kalshi.
Hard Rock Bet Florida racing games fuel Playtech’s North America revenue jump
Playtech reported a sharp rise in North American revenue, led by Hard Rock Bet’s historical motor-racing games in Florida.
Federal Gambling Loss Tax Fix Advances in House Committee
A proposal to restore the full federal tax deduction for gambling losses has advanced through the House Ways and Means Committee, moving one step closer to reversing last year’s cut from 100% to 90%.
