US Lawmakers Propose Legislation To Ban Betting on War and Death on Prediction Markets
[ad_1] US lawmakers are moving to prohibit prediction markets from offering contracts tied to war, assassination, terrorism or someone’s death. Senator Adam Schiff says he is introducing legislation aimed at banning so-called “death bets” on prediction market platforms. “Betting on war and death creates an environment in which insiders can profit off of nonpublic information, our […]
Smarkets Latest Sports Betting Exchange to Seek CFTC Approval for Prediction Markets
[ad_1] U.K.-based Smarkets has applied to become a federally regulated prediction market exchange in the U.S. London-based betting exchange operator Smarkets has taken a formal step toward launching a federally regulated prediction market platform in the United States. A new filing posted to the Commodity Futures Trading Commission’s industry portal on March 4 shows Smarkets […]
7 Betting Markets, One Favorite: Seahawks Lead Super Bowl LX Odds
[ad_1] Seattle enters Super Bowl LX as the clear favorite across a rare convergence of traditional sportsbooks and prediction markets, with pricing from Bet365, BetMGM, Draftkings, Polymarket, Kalshi, Myriad, and Crypto.com all pointing in the same direction: the Seahawks are expected to defeat the Patriots, even if the exact path there remains contested. Seahawks Hold […]
Tennessee Orders Kalshi, Polymarket, Crypto.com to Halt Sports Betting
[ad_1] Tennessee’s sports betting regulator has ordered prediction market platforms Kalshi, Polymarket and Crypto.com to halt the offering of sports event contracts to residents of the state. In cease-and-desist letters dated Friday, the Tennessee Sports Wagering Council (SWC) accused all three platforms of illegally offering sports wagering products without holding a license issued under the […]