bibibi.ccLoading…
Connect scattered updates into a story you can understand.
4 U.S. Democratic senators said in a joint letter that X users cannot report advertisements through the standard interface Polymarket while advertisements from Kalshi and others can be reported, questioning whether this constitutes an improper competitive advantage.
PANews reported that Polymarket has launched gold and silver 15 minute up-or-down prediction markets, and Chainlink called itself its official oracle partner. The two parties said they plan to expand into more commodities, stocks, and foreign exchange.
ASIC Chair Sarah Court said that no applications from prediction-market operators have been received in Australia, adding that relevant platforms would undergo rigorous scrutiny if they apply for licences.
Bloomberg reported that CNN、CBS News、Dow Jones、CNBC and other media outlets, ahead of the November 3 U.S. midterm elections, partnered with Kalshi and Polymarket and cited election odds. Election-related trading volume across the two platforms was approximately 1500000000 USD。
U.S. senators from both parties asked Kalshi and Polymarket to explain before November 3 how they prevent insider trading and market manipulation in election betting and disclose the number of suspected violations.
SEC CFTC Director of Enforcement David Woodcock said that the SEC is monitoring fraud, insider trading, and manipulation in prediction markets and expects it may take enforcement action in this area in the future.
According to Bloomberg,Polymarket is investigating trades involving concentrated bets on Netanyahu and the Likud party before voting in Israel's election ended, followed by profits after the exit polls; some accounts cashed out more than 100000 USD。
Polymarket is investigating trades in which hundreds of new accounts concentrated bets before the Israeli election and profited, with some accounts cashing out more than 100000 USD。
PANews reposted an article stating that prediction market trading volume exceeded 1400000000 USD，Kalshi the implied probabilities of Senate contracts differ by 9.7 percentage points.
Utah, United States, brings criminal charges against Kalshi and its co-founders over sports prediction activities.Kalshi says it will fight the charges; the case came the day after CFTC sued Utah.
BlockBeats, citing Bloomberg, reports that ASIC Chair Sarah Court said that no applications to operate prediction markets had been received, adding that the relevant platforms may face strict regulation and scrutiny in Australia.
Utah accused Kalshi and its two co-founders of allegedly promoting illegal online gambling; the case involved 12 sports bets. The case came days after the state filed a civil lawsuit.