Polymarket Files Federal Lawsuit Against Massachusetts, Questioning State’s Ability To Regulate Event Contracts
[ad_1] The crypto-based prediction market Polymarket is going to battle against the state of Massachusetts. Polymarket’s chief legal officer, Neal Kumar, says the firm has filed a federal lawsuit against the state, highlighting jurisdictional questions about event contracts. “Congress gave the CFTC, not states, exclusive authority over event contracts. These are national markets with critical […]
DraftKings Launches Prediction Markets App in 38 States
[ad_1] DraftKings Predictions sports and finance markets will route through CME Group, the same exchange FanDuel will use. The app lacks what Kalshi and Polymarket bring to the table. DraftKings launched DraftKings Predictions today, bringing their sports event contracts to 38 states. The standalone mobile app operates under Commodity Futures Trading Commission oversight through DraftKings’ […]
DraftKings Targets All 50 States With Sports Prediction Platform
[ad_1] DraftKings is finished ready for California and Texas to legalize sports activities betting, asserting prematurely of its Q3 earnings name that it plans to launch a predictions markets platform that can embody sports activities occasion contracts within the coming months. Whereas DraftKings Sportsbook operates in 25 states plus Washington DC and Missouri to come […]