Prediction Markets
29 articles tagged "Prediction Markets".
US Bipartisan Bill Mandates Facial Recognition Age Checks for Sportsbooks and Prediction Markets
A new bipartisan US bill would require online sportsbooks and prediction markets to use facial recognition to estimate users' ages before bets or trades, backed by Kalshi and ParentsRISE, with co-sponsors citing data showing high rates of underage gambling and thousands of flagged underage accounts.
BetConstruct AI’s Harmony Predictstreet Draws 300+ Industry Leaders to Yerevan for Eighth Edition
BetConstruct AI’s eighth Harmony event, now named Harmony Predictstreet, brought over 300 C-level leaders to Yerevan for networking and product unveilings, underscoring its partnership with FIFA partner ADI Predictstreet. The two-day program combined cultural experiences at Garni Temple with product presentations at SoftConstruct headquarters.
Kalshi Files to Expand Flight Delay Contracts to All US Airports
Kalshi has asked the CFTC to let it offer flight-delay and cancellation contracts for all US airports, using data from FlightAware and the Bureau of Transportation Statistics, while also facing a separate regulatory standoff in Michigan.
Gibraltar Hosts Europe’s First Prediction Markets Summit as New Licensing Regime Takes Effect
Gibraltar’s new dedicated prediction-market regulations came into force in July 2026, and the territory will host Europe’s first Prediction Markets Summit Europe in November, with Minister Nigel Feetham opening the event. The summit will address regulatory classification, cross-border licensing, and market integrity as Gibraltar positions itself as a regulated hub for prediction markets, contrasting with the fragmented European regulatory landscape.
CFTC Overrules Michigan Court, Orders Kalshi to Honor Existing Prediction Market Trades
The CFTC has ordered Kalshi to ignore a Michigan court order requiring cancellation of sports-related prediction market trades, asserting exclusive federal authority over DCMs and warning that reversing completed trades would undermine market confidence. The agency has also sued nine other states that have attempted to regulate prediction markets as illegal gambling.
ADI Predictstreet secures LatAm distribution and data partnerships ahead of FIFA World Cup 2026
ADI Predictstreet has secured two key partnerships ahead of FIFA World Cup 2026, with FIRST.bet for Latin American distribution and LSports for real-time data, building its prediction market platform for the tournament and beyond.
XOVR ETF Adds $30M Kalshi Stake, Mirroring Pre-IPO SpaceX Bet
ERShares' XOVR ETF has invested $30 million in prediction market operator Kalshi, making it the second ETF to hold the privately held, CFTC-regulated company, following a strategy similar to its pre-IPO SpaceX bet that drove strong second-quarter returns.
Czech Republic blocks Polymarket, forces ISPs to restrict access
The Czech Ministry of Finance has designated Polymarket an unauthorised gambling platform, mandating ISP blocking within 15 days. The decision reflects broader European concern over prediction markets, citing risks of manipulation and lack of player safeguards.
Google to Ban Real-Money Prediction Market Extensions from Chrome Web Store by August 2026
Google will ban Chrome Web Store extensions that facilitate real-money prediction markets by August 1, 2026, tightening data rules and expanding its gambling advertisement certification requirements. The move follows increased regulatory scrutiny and mirrors prior restrictions on social casino marketing.
Underdog launches wholly owned CFTC-licensed prediction market exchange amid ongoing regulatory uncertainty
Underdog has launched its own CFTC-licensed prediction market exchange, becoming the first sports company to hold the full regulatory license stack, as the industry faces ongoing legal disputes between federal commodities law and state gambling regulations.
Europe Takes Divergent Approaches to Prediction Markets as Gibraltar Licenses and Czech Republic Blocks
Gibraltar has launched the first dedicated regulatory framework for prediction markets, distinguishing them from gambling, while the Czech Republic has blocked Polymarket as illegal betting, and the Council of Europe has called for stronger integrity measures following the 2026 FIFA World Cup.
Ninth Circuit Panel Presses Kalshi on Tribal Lands Sports Contracts in IGRA Challenge
A Ninth Circuit panel expressed skepticism toward Kalshi's argument that its CFTC-regulated sports contracts are not sports betting, as three California tribes seek to revive an injunction barring the platform from offering those contracts on tribal lands under the Indian Gaming Regulatory Act. The court did not rule from the bench and has no set deadline for a decision.