The state was the first to pass a law banning Kalshi and Polymarket. A lawsuit filed by a federal agency may set a precedent on who gets to regulate them.
Category: Polymarket (Adventure One QSS Inc)
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How Minnesota Became the Front Line in the Fight Over Prediction Markets
The New York Times – Business: -
Donald Trump Jr.’s Firm Leads $1 Billion Funding Round for Polymarket
The New York Times – Business:The new round values the prediction market at $21 billion, up from $15 billion. Mr. Trump’s firm, 1789 Capital, will invest around $300 million.
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Prediction Markets and States Clashed, Setting Off a Furious Political Battle
The New York Times – Business:A legal dispute over the future of Kalshi, Polymarket and others has drawn in the Trump administration, the president’s son and nearly every state attorney general.
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Prediction Firms Are Flagging Insider Traders. Many Will Not Face Charges.
The New York Times – Business:The agency that polices the industry does not have the staffing, the legal tools or the will to broadly crack down on wagers that are easily manipulated, experts say.
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Kalshi’s Tarek Mansour Isn’t Interested in Management Advice
The New York Times – Business:Tarek Mansour co-founded the fast-growing prediction market company shortly after graduating from M.I.T., aiming to provide a “mathematical, objective” view of the world.
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How Polymarket Traders Revolted Over One Silly Syllable
The New York Times – Business:How one silly syllable ignited a bitter dispute over the nature of reality on Polymarket.
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Why Investors Are Still Betting Big on Kalshi
The New York Times – Business:The popular prediction market platform has just raised a new funding round that values it at $22 billion, double what it was worth in December.
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Polymarket Bets on Paris Temperature Prompt Investigation After Unusual Spikes
The New York Times – Business:The authorities said a Paris airport weather sensor may have been tampered with as large wagers were placed on the betting site.