Regulation3m read
South Korea Considers Action Against Polymarket Over Gambling Concerns
South Korea's media and communications review body is scrutinizing decentralized prediction market Polymarket for potential unregulated gambling activities.
◆ #gambling
Regulation2m read
Michigan Judge Blocks Kalshi from Offering Sports Betting Contracts to Residents
A Michigan Judge has temporarily blocked prediction market platform Kalshi from offering sports betting contracts to residents, intensifying the state-federal debate on gambling laws.
DeFi2m read
Polymarket Trader Turns $4 Million into $9 Million on World Cup Bet, Sparking Speculation
A new Polymarket account reportedly transformed a $4 million wager into a $9 million profit by betting against Spain in a recent World Cup match.
Regulation3m read
Japanese Exchange Bitbank Blocks Polymarket Transfers
Japanese cryptocurrency exchange Bitbank has begun restricting transactions linked to the prediction market platform Polymarket, citing concerns over local gambling laws.
Regulation3m read
Japanese Exchange Bitbank Warns Users Over Polymarket-Linked Transfers Due to Gambling Laws
Japanese crypto exchange Bitbank is cautioning users about potential account suspensions for transactions connected to Polymarket, citing national gambling laws.
Regulation2m read
CFTC Proposes New Rules for US Prediction Markets, Distinguishing Them from Gambling
The CFTC has put forward new regulations aiming to distinguish legitimate prediction markets from gambling, potentially impacting how these contracts operate in the US.
Regulation1m read
South Korean Police Launch First Probe into Polymarket Users for Alleged Illegal Gambling
South Korean police are investigating users of Polymarket for alleged illegal gambling, marking the country's first such crypto-related probe.