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The 9th Circuit Court of Appeals has ruled in favor of states in a legal battle against Kalshi over whether its prediction markets constitute gambling.
A court has ruled that Kalshi's sports event contracts are classified as gambling rather than swaps, limiting their jurisdiction under the CFTC.
Andreessen Horowitz is investing in controversial AI startups involved in deception and manipulation, while actively shaping US AI policy to benefit their investments, raising ethical and regulatory concerns.
The CFTC is asserting exclusive authority to regulate prediction markets like Kalshi, attempting to override New York gambling laws and keep Kalshi operating amid ongoing legal battles.
New York Attorney General Letitia James is suing Kalshi, alleging the prediction market runs an illegal gambling operation and seeks to block it from operating in the state.
An economist reflects on the unintended consequences of deregulating prediction markets, highlighting how they have become dominated by sports gambling and warning about asymmetric information problems.
French regulator ANJ has classified Polymarket as illegal gambling, ordered ISPs to block it, and is now targeting users and intermediaries like VPNs. The platform still saw 205k French users in June, setting a precedent for EU regulation of prediction markets.
A White House teleprompter aide used insider knowledge of Trump's speeches to make $100,000 betting on a prediction market called Kalshi, leading to his removal after the platform flagged the activity.
Prediction markets like Polymarket allow people to bet on wildfire outcomes, including the recent Los Angeles fires, raising ethical concerns from survivors about callousness and potential arson incentives.
The article describes the author's experience with the Rips app, a digital card-pack platform where users spend real money to open virtual packs of Pokémon and other cards, with the chance to win valuable physical cards that can be cashed out.
TikTok's 'Surprise Set' auctions deceive users by displaying high-value items like iPhones but frequently awarding cheap prizes; TikTok updated its policy to ban certain expensive items from these auctions.
UK regulators ASA, CAP, and UKGC are deploying an AI system to proactively scan social media for gambling ads targeting under-18s, moving from complaint-based enforcement to near-real-time automated monitoring.
Minnesota becomes the first U.S. state to ban prediction markets like Kalshi and Polymarket, sparking a legal battle with the Trump administration and the CFTC over state versus federal regulatory authority.
Utah lawmakers, led by Republican Governor Spencer Cox, are fighting to ban prediction markets like Kalshi and Polymarket, labeling them as gambling. This puts them at odds with the Trump administration's classification of such platforms as financial exchanges.
An analysis of prediction markets like Polymarket and Kalshi, examining whether their massive trading volume actually produces valuable forecasting information or merely serves as gambling, referencing historical academic support and current data.