Latest iGaming and regulatory news tagged Polymarket.
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Prediction market platforms Polymarket and Kalshi have restricted access for users in Ireland following warnings from the country's gambling regulator, the Gambling Regulatory Authority of Ireland (GRAI), which threatened High Court enforcement action. The GRAI confirmed to Gambling…
The Commodity Futures Trading Commission (CFTC) has escalated its legal confrontation with multiple U.S. states over the regulation of prediction markets, with legal experts suggesting that a compromise between the federal regulator and state attorneys general is unlikely.…
The Dutch gambling regulator Kansspelautoriteit (KSA) has upheld its sanction against the prediction market platform Polymarket for offering illegal gambling services in the Netherlands. The regulator rejected an appeal lodged by Adventure One QS, the operator behind Polymarket,…
A U.S. Army Special Forces soldier facing civil enforcement action from the Commodity Futures Trading Commission (CFTC) over his use of the prediction market platform Polymarket has moved to have the case dismissed. The soldier, whose identity has…
The Korea Communications Standards Commission (KCSC) has decided to give Polymarket an opportunity to respond to allegations that the platform is engaging in illegal gambling activities. The KCSC's Communications Review Subcommittee concluded that it would wait for an…
The Commodity Futures Trading Commission (CFTC) may hold a strategic advantage over individual US states as the legal battle over prediction markets heads toward the Supreme Court, according to legal experts. The dispute centers on whether platforms such…
A group of 17 Democratic Party Senators, led by Richard Blumenthal, has petitioned a Senate subcommittee to prohibit the Commodity Futures Trading Commission (CFTC) from using federal funds to pursue legal actions against states in cases involving prediction…
The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against the state of Kentucky, marking the ninth state the federal regulator has taken legal action against in its ongoing effort to assert authority over prediction markets. The…
Meta, the parent company of Facebook, Instagram, and WhatsApp, is reportedly developing a prediction market application that could compete with established platforms such as Kalshi and Polymarket. The project, internally referred to as Arena, was commissioned by Meta…
Meta Platforms, the parent company of Facebook and Instagram, is reportedly exploring the development of a standalone smartphone application focused on prediction markets, according to a report from Gambling Insider. The initiative, internally referred to as “Arena,” is…
