Pentagon bans US forces from using military info to bet in prediction markets
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Morgan Stanley Joins NEXTPredict as Prediction Markets Bet on 'More Institutional' Play
The bulk of prediction market trades are still sports bets, while valuations are predicated on rising institutional interest.
CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets
A judge stayed the CFTC’s civil case against a soldier who allegedly used nonpublic information for a Polymarket bet, but the regulator is trying to weigh in on the criminal case.
Kalshi issues first lifetime ban for Republican politician over insider bets
The prediction platform permanently banned George Santos and issued a three-year suspension for Laurie Buckhout after investigations into using insider information on event contracts.
City of Baltimore goes after prediction markets for sports betting
The city’s complaint over gambling laws and deceptive trade practices included Robinhood, Webull and Coinbase as partners with prediction market platform Kalshi.
Utah AG sues Kalshi, pursues profits from prediction market company
Derek Brown likened the prediction market company to a “public nuisance“ that was “causing a significant and substantial ongoing harm“ to state residents.
US bans DeepSeek from civilian agency IT systems
The restrictions extend earlier bans within US defense and security agencies, amid concerns that DeepSeek could expose federal information to China.