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Charles Schwab is moving into prediction markets, but only on its own terms. The brokerage Charles Schwab has reportedly partnered with Cboe Global Markets to offer binary-style options contracts tied to the S&P 500, according to a Wall Street Journal (WSJ) report citing “people familiar with the matter.” The contracts let customers wager on whether … Read more
The offering from the financial services company will reportedly only include yes-or-no bets on whether the S&P 500 closes above or below a target price. Go to Source
Nine European gambling regulators have pledged coordinated action against unlicensed prediction markets during the World Cup, warning sports bodies against partnerships just as Kalshi signs Argentina’s football federation and fronts Lionel Messi. A Coordinated Line as the World Cup Drives Betting The regulators of Belgium, France, Germany, Italy, the Netherlands, Poland, Portugal, Spain, and Switzerland … Read more
The bill did not specifically bar members of the US Congress from using the platforms or making sports bets, but prohibited policy wagers. Go to Source
The prediction market platform is reportedly exploring a public listing after surpassing $2 billion in annualized revenue as sports contracts face mounting legal scrutiny. Go to Source
Pierre Lindh, co-founder of iGaming media group Next.io, says Sportradar’s data deal with Kalshi is another step toward legitimizing prediction markets – but argues the sector’s insider-trading problem may be structurally impossible to fix. Sportradar ‘Takes Sides’ In Industry Standoff When Sportradar agreed to supply official data and integrity tooling to Kalshi this month, the … Read more
The World Cup’s official prediction partner is now embedded in DAZN’s streaming app, letting fans play along with live matches for free. A free-to-play prediction layer for live sport DAZN and ADI Predictstreet on 18 June launched a free-to-play prediction experience inside the DAZN app, putting real-time match predictions in front of the streaming platform’s … Read more
The offering follows regulatory approval earlier this year and comes as prediction markets face legal challenges from regulators, exchanges and policymakers around the world. Go to Source
Kentucky has sued Polymarket, Kalshi and Kalshi’s partners Coinbase, Robinhood and Webull, over offering sports event contracts in the state. Go to Source
Gambling industry groups want the US Senate to step in to clarify that the Commodity Futures Trading Commission does not have the authority to oversee prediction markets. Go to Source