Arizona going to the mattresses The state of Arizona has ratcheted up the legal battle against prediction market companies. On Tuesday, Arizona Attorney General Kris Mayes filed criminal charges against Kalshi for allegedly operating an unlicensed gambling business. “Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an illegal… Read more »
Back after three years The US Commodity Futures Trading Commission (CFTC) issued a “no-action” letter regarding swap data reporting and recordkeeping regulations for event contracts, opening the door for prediction markets leader Polymarket to operate in the States. The letter, released Wednesday in response to QCX LLC and QC Clearing LLC, reads: “The divisions will… Read more »
One of the most popular players on the “high roller” circuit is not a poker player by trade, but a businessman. Dan Shak has made his money through investment and operation of a hedge fund, but there have been rumors of Shak “bending the law,” so to speak. That “bending” may have occurred recently as… Read more »
