Finance News
By Julie Binoche
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U.S. Senators introduce multiple bills targeting prediction markets with a focus on insider trading and market integrity issues.
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Between March 23 and March 26, Congress introduced three legislative proposals aimed at tightening the regulations around prediction markets.
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Just two days later, a bipartisan House bill emerged, targeting the participation of members of Congress, the president, and executive branch officials in trading political event…
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Kalshi, a key player in the prediction markets, responded critically to the Schiff–Curtis bill, viewing it as an attempt to protect traditional gambling interests.
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Polymarket updated its rules the same day, prohibiting trades based on stolen confidential information or illegal tips.
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Amidst regulatory scrutiny, a new venture fund, 5(c) Capital, raised $35 million to bolster prediction markets infrastructure.
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These developments come as blockchain analytics firm Bubblemaps uncovered a trader suspected of leveraging insider information, securing nearly $967,000 on Polymarket through…
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As prediction markets navigate their regulatory environment, the pace of legislative and judicial actions varies significantly.
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What legislative actions are being taken against prediction markets?
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Between March 23 and March 26, Congress introduced three bills aimed at regulating prediction markets, focusing on insider trading and restricting political figures from…
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What is 5(c) Capital's role in prediction markets? This development aligns with MicroStrategy Buys 6,455 More Bitcoin as, highlighting broader market trends.
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5(c) Capital, a new venture fund, raised $35 million to invest in infrastructure for prediction markets, emphasizing market-making and data products.
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The legislative push not only targets the platforms but also aims to address the broader implications of prediction markets on financial stability.
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Meanwhile, the Commodity Futures Trading Commission (CFTC) is reportedly considering new guidelines for platforms like Kalshi and Polymarket.
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In light of these developments, major prediction market platforms are ramping up their lobbying efforts. Kalshi and Polymarket have both increased their presence in Washington, D.
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