Finance News
By Sakamoto Nashi
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Prediction markets want legitimacy. Kalshi just filed paperwork with the CFTC asking for margin trading approval, basically trying to turn event betting into something that looks…
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Crypto.com jumped in too, rolling out a US-focused prediction platform that's pretty much designed to fit into existing derivatives rules.
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The CFTC pulled back some proposed rules that would've killed sports and political betting contracts, which sounds like good news for the industry.
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Plus500 partnered with Kalshi and launched prediction markets for US retail clients, framing the whole thing as just another trading option alongside stocks and forex.
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Technology companies are building the pipes. Leverate and Devexperts are creating tools that let traditional brokers add prediction markets without rebuilding their entire tech…
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New players keep showing up. Lumina Markets, which has connections to Interactive Brokers founder Thomas Peterffy, is getting ready to launch.
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Here's the weird part. Prediction markets started as places where people could bet on memes and random internet drama.
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Polymarket CEO Shayne Coplan said on February 3 that he sees prediction markets as a "global truth machine." That sounds nice, but the practical reality is messier.
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FTX is exploring partnerships to integrate prediction markets into their platform, trying to leverage their existing user base and trading volumes.
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Kalshi's margin trading discussions with the CFTC are taking longer than expected. Sources close to the talks said the regulatory approval process is complicated because…
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The UK's Financial Conduct Authority said on February 5 it plans to monitor prediction market development closely.
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JPMorgan analyst Susan Lee questioned the whole premise during a February 6 conference in New York.
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Binance announced exploratory talks with European regulators on February 4 about adding prediction markets to their existing platform.
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Goldman Sachs released a report on February 6 analyzing how prediction markets might affect traditional finance sectors.
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The Chicago Mercantile Exchange held closed-door meetings on February 5 to discuss listing prediction market contracts alongside regular futures and options.
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