Hong Kong regulators are scrutinizing prediction markets, questioning whether they constitute illegal gambling or regulated financial products.
Jessy··2 min read
AI is enabling less sophisticated hackers to commit large-scale cybercrimes. Simultaneously, prediction markets face insider trading scrutiny, leading New York to ban state employees from using internal info for betting.
Jessy··2 min read
Tech platforms are mired in significant legal battles: Apple is escalating its App Store fight to the Supreme Court, the classification of prediction market bets is fueling federal-state jurisdictional tension, and state-level age verification laws are testing First Amendment boundaries.
Jessy··2 min read
A Nevada court has banned Kalshi from trading election contracts, signaling increasing legal trouble as prediction markets face state-level bans and regulatory scrutiny.
Jessy··2 min read
Polymarket has entered into a major partnership with Major League Baseball in March 2026, marking a significant step for prediction markets into the mainstream. However, this expansion is met with growing political opposition and regulatory scrutiny from the CFTC and former government officials concerned about market manipulation. As news organizations begin to integrate these markets as data sources, the industry faces critical questions regarding its legal status and ethical impact.
Jessy··3 min read
Arizona has filed criminal charges against the prediction market Kalshi, alleging it operates an illegal gambling business without a state license. The case highlights a major jurisdictional conflict between federal financial regulation and state gambling laws.
Jessy··2 min read