Prediction Markets
29 articles tagged "Prediction Markets".
Irish Gambling Authority Warns of High Court Action Against Offshore Prediction Platform
Ireland's gambling regulator is preparing to seek a High Court blocking order against a major offshore prediction market operator that failed to comply with warnings, as European regulators increasingly target such platforms and Gibraltar introduces its own separate regulatory framework.
Kalshi Adds 3 Million Users as World Cup Fuels Record Trading Volume
Kalshi gained 3 million new users during the 2026 FIFA World Cup, with over $1.2 billion traded on its winner market. The platform used broad partnerships—from soccer stars to a singer and an actor—to drive sign-ups, while facing ongoing regulatory pushback over whether sports-event contracts constitute gambling.
GRAI issues High Court threat as one prediction market operator defies Irish geoblocking demands
Ireland's gambling regulator has threatened High Court action against a major prediction market operator that refuses to geoblock users, while most other platforms have complied quickly. The warning comes amid a European crackdown on such platforms, with France banning Polymarket and Ireland also advancing its broader gambling reform agenda, including new licensing, a Social Impact Fund, and advertising restrictions.
Allwyn's Digital-First Strategy: CEO Spajic Outlines Innovation and Omnichannel Vision
Allwyn Digital CEO Kresimir Spajic discusses the company's digital transformation, including its Q1 2026 revenue growth, expansion into prediction markets via PrizePicks, and focus on AI-driven personalisation and omnichannel experiences, ahead of his appearance at SBC Summit Lisbon.
iPredicta Debuts Centralised Comparison Hub for US Prediction Markets
iPredicta launches a US-focused prediction market comparison platform aggregating live prices from multiple exchanges, featuring AI-driven explanations, liquidity scoring, and price alerts, with founder Charlotte Nimmo citing the rapid growth of the sector from $15.8B to $63.5B in global trading volume over the past year.
1win Launches Binary Prediction Markets for HYPE, SOL, XRP, and DOGE
1win has expanded its prediction markets with binary forecasts for HYPE, SOL, XRP, and DOGE, allowing users to speculate on price and market-cap milestones in a simplified Yes/No format.
Pascal raises $9M Series A to target institutional prediction market traders
Prediction market startup Pascal has closed a $9 million Series A led by Union Square Ventures, building on a $6 million seed round. The company targets institutional traders with perpetual futures-style event contracts and faces a regulatory landscape under increasing scrutiny.
Prediction Markets: Operators and Regulators Eye a New Betting Vertical
Prediction markets are gaining mainstream attention thanks to platforms like Kalshi and Polymarket, and Gibraltar is leading the regulatory conversation on responsible oversight. Industry experts expect the vertical to coexist with traditional sportsbooks rather than replace them.
Five Tribes Push for Federal Action Against Prediction Markets, Citing Threats to Tribal Sovereignty
The Inter-Tribal Council of the Five Civilized Tribes has adopted a resolution urging federal action against online prediction markets like Kalshi and Polymarket, arguing they undermine tribal sovereignty and operate as unregulated sports betting. The council warns that these platforms bypass the gaming compacts and regulatory systems that have governed tribal gaming for decades, while Oklahoma residents lose tax revenue and exclusivity payments to offshore operators.
Entain to Cut 500 Jobs as Part of Efficiency Drive, Citing Longer-Term Cost Optimisation
Entain is cutting 500 roles globally across corporate functions as part of a long-term cost optimisation effort, while also pushing ahead with a €425 million divestiture of its CEE business. The operator has separately estimated that proposed UK online betting tax hikes would add roughly £200 million in annual costs.
IGA Chairman to testify on prediction market risks for tribal gaming at House hearing
IGA Chairman David Bean will testify before a US House subcommittee on July 21 about the threats unregulated prediction markets pose to tribal gaming, building on earlier joint opposition with the AGA and concurrent regulatory actions in Arizona.
White House Teleprompter Operator Suspended Over Alleged Insider Trading on Kalshi Prediction Markets
Gabriel Perez, President Trump's longtime teleprompter operator, has been suspended and is under CFTC investigation for allegedly using inside knowledge of Trump's speeches to win over $90,000 on Kalshi's prediction markets. The White House placed him on unpaid leave, and he is cooperating with regulators who are discussing a potential settlement.