Kalshi
Michigan judge blocks Kalshi from sports betting contracts
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A Michigan judge has issued a temporary restraining order against prediction market platform Kalshi, barring it from offering sports-related wagers to state residents for 14 days.
Prediction market platform Kalshi has introduced a new Midterms Hub to display real-time betting odds on U.S. Senate and House races ahead of November elections.
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Polymarket's U.S. affiliate has filed to offer margin trading to American users, a move that would allow larger positions with reduced capital if approved by regulators.
The Commodity Futures Trading Commission approved the first US-regulated bitcoin perpetual futures contract on Friday. KalshiEX LLC received permission to list BTCPERP, a cash-settled contract with no expiration date. The agency also issued guidance allowing Coinbase Financial Markets to route US customers to certain Deribit products.
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Spain’s gambling regulator has ordered internet providers to block access to prediction market platforms Polymarket and Kalshi. The move targets unlicensed betting products tied to future events. Proceedings against the companies are expected to last three to four months.
Solflare, a popular Solana wallet, has embedded regulated prediction markets powered by Kalshi directly into its platform. This move allows users to access these markets without relying on third-party services. The integration aims to streamline user experience in the cryptocurrency space.
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Polymarket achieved a $9 billion valuation through a major investment, highlighting the rapid maturation of prediction markets. This surge occurs as broader cryptocurrency markets experience a downturn. Competition intensifies between Polymarket and Kalshi, with varying volumes in sports and politics betting.