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Kalshi nears $1 billion raise at $40 billion valuation
Tiger Global and Dragoneer are among investors in late-stage talks, while the terms of the financing remain unsettled.
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Polymarket US adds 15-minute Bitcoin up-or-down contracts
The contracts settle against an averaged Bitcoin index price, while New York separately challenges the platform’s legal status.
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Issuer-specific prediction markets test SEC-CFTC boundary
Contracts on earnings, production and stock performance raise the question of when an event market becomes a security-based swap.
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Sixth Circuit lets Ohio and Tennessee enforce gambling laws against Kalshi
Unanimous panel finds Kalshi’s sports contracts were not shown to be swaps under the federal commodities statute
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ProphetX adds Parlay Mode for multi-leg sports trades
The dedicated interface surfaces markets with parlay quotes and keeps a single trade slip open across sports and leagues.
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Optimove and Plaee offer white-label route into prediction markets
The partnership pairs Plaee’s trading and compliance infrastructure with Optimove’s customer-data tools, aiming to cut launches from months to weeks.
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CFTC says person-based prediction contracts are presumptively vulnerable to manipulation
The staff advisory stops short of banning “mention markets” but demands contract-specific safeguards and scrutiny
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Kalshi seeks more time to answer New Jersey at Supreme Court
A requested 30-day extension would shift the prediction-market operator’s response deadline to Nov. 9 in a dispute over state gambling laws.
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Illinois legislator seeks repeal of new prediction-market sports tax
HB 5811 would remove Illinois’s levy on sports-related exchange wagers less than three months after it took effect.
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Underdog sues Connecticut over sports prediction-market orders
The company says federal commodities law pre-empts state gambling enforcement, while Connecticut says sports betting requires a state licence.
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New York judge weighs whether federal law shields prediction markets from state gambling rules
Judge Lorna G. Schofield heard competing claims that event contracts are federally regulated derivatives or unlawful sports wagers under state law.
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Texas Senate hearing sharpens clash over Kalshi’s sports prediction contracts
Lawmakers heard competing calls for state enforcement and federal deference ahead of the next legislative session.