Nevada regulators in the United States sue prediction market platform Kalshi

Odaily Planet Daily News: The Nevada regulatory agency in the United States has officially sued the prediction market platform Kalshi. It is reported that the Nevada regulator has sought a court order to prohibit Kalshi from continuing to operate an unlicensed sports betting business. It also pointed out that Kalshi is growing rapidly, with trading volume on Super Bowl Sunday this year being 27 times that of last year. As of now, a spokesperson for Kalshi has refused to comment on the matter but disclosed that they have requested a federal court to hear the case and noted that only federal law applies to prediction markets, while the new enforcement actions by the state government are based on issues similar to those currently being reviewed by federal courts. (Business Insider)

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bounce Finance Launches ‘Bounce Predict’ for Sotheby’s Auction Markets

Bounce Finance has launched Bounce Predict, enabling prediction markets for Sotheby’s auctions. This initiative bridges DeFi with traditional auction dynamics, promoting transparency and trust through verified data, enhancing market opportunities for participants.

BlockChainReporter1h ago

Kalshi Raises $1 Billion to Double Valuation to $22 Billion: Reports

Kalshi has raised $1 billion in funding, increasing its valuation to $22 billion, doubling from its last round in December. This growth reflects the rapid investment trend in prediction markets, forecasted to reach $95.5 billion by 2035.

Decrypt4h ago

Crypto Betting Platform Polymarket Lands Exclusive MLB Partnership

Major League Baseball has partnered with Polymarket for exclusive prediction market services while tightening betting regulations to mitigate risks of manipulation. An agreement with the CFTC enhances oversight on market integrity, addressing concerns raised by recent scandals.

LiveBTCNews8h ago

Bounce launches the prediction market product Bounce Predict, with the first application scenario being Sotheby's auction.

Gate News reported that on March 22, Bounce officially launched its new ecosystem product Bounce Predict. The product is positioned as a prediction market platform for auction scenarios. It has currently opened prediction markets for an upcoming Sotheby's auction, where users can use USDT to make price predictions on auction results.

GateNews8h ago

MLB Partners with Polymarket! New Era for Prediction Markets?

Major League Baseball (MLB) announced a partnership with prediction market exchange Polymarket, in which both parties will share information and establish an integrity framework. MLB will restrict high-risk markets and work to prevent manipulation and fraud. This collaboration has sparked legal and ethical controversies, with supporters arguing that regulation should be implemented to protect market integrity.

区块客18h ago

GLM-5 achieved a 42.99% return rate in the AI prediction market trading competition, becoming the only model to surpass the human benchmark

Zhipu Z.ai's global head Li Zixuan revealed that GLM-5 leads human benchmarks in the Prediction Arena prediction market with a 42.99% return rate, becoming the only AI model to surpass humans. The model executed 98 trades with outstanding performance.

GateNews18h ago
Comment
0/400
No comments