NEW YORK – Matthew Modabber has reportedly been fired by Polymarket. He had been the prediction market’s Chief Marketing Officer. Modabber was reportedly fired following an internal investigation into multiple incidents. The investigation primarily focused on a social media advertising campaign that showed fake trades … Read more
WASHINGTON – What was once a quiet jurisdictional gap has exploded into a full blown Senate battle, as federally regulated online platforms continue to chip away at the sports betting authority states have guarded for years. The Prediction Markets Are Gambling Act was presented on … Read more
Kalshi set a new single-day trading record with over $275 million in activity. DraftKings and Flutter Entertainment lost nearly $7 billion in combined market capitalization. Capitol Hill lawmakers are questioning the Commodity Futures Trading Commission’s (CFTC) oversight of prediction market sports contracts. NEW YORK – … Read more