Prediction Markets
29 articles tagged "Prediction Markets".
Italy blocks Polymarket as Gibraltar unveils first dedicated prediction markets regime
Italy has blocked Polymarket for a second time, joining a multi-country European crackdown, while Gibraltar has launched the world's first dedicated prediction markets regulatory framework and licensed its first operators, ADI Predictstreet and WagerWire.
Arizona Governor Bars State Workers from Profiting via Prediction Markets with Inside Knowledge
Arizona Governor Katie Hobbs has signed an executive order banning state employees from using non-public information to profit from prediction markets, with violations risking dismissal and law enforcement referral. North Carolina Governor Josh Stein has issued a similar order extending existing ethics rules to prediction markets.
Dutch Gambling Authority Rejects Polymarket's Appeal, Upholds Sanction
The Dutch KSA has dismissed Polymarket's appeal, upholding a January sanction that the platform offered illegal gambling by allowing wagers on future events. The regulator rejected arguments based on blockchain technology, financial regulation, and proportionality, and penalties now apply after the operator missed a compliance deadline.
ADI Predictstreet Gains Gibraltar Approval for Expanded Prediction Markets Amidst German Regulatory Probe
Gibraltar-licensed ADI Predictstreet has secured regulatory approval in Gibraltar to expand its prediction markets beyond football to include various other sectors. This expansion comes as the company faces an ongoing investigation from Germany's GGL concerning its advertising practices during the World Cup due to operating without a German license.
DraftKings Initiates DKeX Prediction Market Exchange, Facing Scrutiny Over Investment Returns
DraftKings has launched DKeX, a new prediction market exchange, aiming to generate trading fees and strengthen its market-making capabilities. While CEO Jason Robins is highly optimistic about its potential for growth and integration, analysts question if these revenues will offset the substantial initial investment and projected losses, which could reach hundreds of millions in 2026.