Leading prediction market Polymarket was placed on the blacklist of unauthorized websites by Romania’s National Office for Gambling (ONJN), the regulator announced on Thursday.  The firm was banned due to carrying out gambling activities without a license in Romania.  “The decision to include Polymarket on the blacklist is not related to technology, but to the law,” ONJN President Vlad-Cristian Soare said in a statement. “Regardless of whether you bet in lei or crypto, if you bet money on a future result, u ...

what is polymarket cover. Photo by BeInCrypto Tokyo-listed gaming company Gumi announced its exploration of blockchain-based prediction market services through its subsidiary Gc Labs, joining a wave of regional players entering the sector. The announcement comes as Trump Media and Technology Group revealed plans to integrate prediction markets into its Truth Social platform. In addition, multiple blockchain-based forecasting platforms expand operations across Asia despite substantial regulatory challenge ...

There’s a big battle brewing in the booming world of prediction markets — pitting Polymarket against Donald Trump’s crypto empire. Two significant stories have emerged this week, with the first being Polymarket’s plans to re-enter the US market by the end of November. This comes three years after the crypto-powered betting platform was forced to leave America because of a crackdown led by the Biden administration. It’s important to stress that the market leader won’t be available nationwide at first, and ...

Predictions marketplace Kalshi Inc. sued New York’s gaming commission, saying the state agency is overstepping its authority by attempting to regulate sports-betting operations that fall exclusively under federal jurisdiction.In a lawsuit filed Monday in Manhattan US District Court, Kalshi said that it’s operating legally in New York under federal law. Kalshi accused state regulators of threatening the company over its so-called event contracts and asked a federal judge to immediately block the state from a ...

Sanmeet Deo: Well, prediction markets, basically, in essence, if you think of the movie Rat Race, where the rich guys are betting on anything and everything happening in the whole, like the movie, that's what prediction markets are. The recipe for the explosion was really legal, well funded, and user friendly product that lets anyone trade on, real world events, like New York City Mayor election, top artists on Spotify, the existence of aliens. Kalshi she is one of them, which became the first CFTC regulate ...

Key Takeaways Digital prediction markets are drawing in throngs of users—and investors. Speculating is trending in stock markets, sports betting, and the broader world of prediction markets. The latter are shaping up up to be the new playgrounds for retail investors—and attracting those who want in on the action. The investor interest follows user activity. Weekly prediction market volume hit a record high last week of over $2.3 billion, across a handful of tracked platforms including Polymarket and Kalshi, ...

Donald Trump’s Trump Media & Technology Group (Nasdaq: DJT) is moving into the booming world of prediction markets with a new platform called Truth Predict, according to a report from Bloomberg. The feature, which will be hosted on Truth Social, will allow users to wager on real-world events — from elections and inflation data to sports outcomes — using blockchain technology. The company said initial testing would begin “in the near future” before a full rollout in the United States and, eventually, global ...

Trump Media Truth Social. Photo by BeInCrypto Trump Media & Technology Group (DJT) is expanding its social empire and entering the prediction market, a $20+ billion volume industry, through a new partnership. The media platform will integrate prediction markets directly into Truth Social through an exclusive partnership with Crypto.com Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse. Trump Media To Enter Prediction Markets Business The new “Truth Predict” feature will allo ...

US President Donald Trump Donald Trump’s social-media company is getting into the prediction markets business, where record betting is attracting a host of new entrants. Most Read from Bloomberg Trump Media & Technology Group Corp. plans to make prediction contracts available on its Truth Social network, allowing users to bet on events ranging from political elections to inflation-rate changes, according to a statement on Tuesday. Initial testing of the service, called Truth Predict, will start “in the n ...

Prediction market giant Polymarket is preparing to launch a native token and airdrop as it seeks to raise fresh capital at a higher valuation.What Happened: Polymarket Chief Marketing Officer Matthew Modabber confirmed that the token will debut after the platform's official U.S. relaunch, which is already underway. The move is expected to spark a major liquidity wave as Polymarket, where users wager on elections, Fed decisions, and major world events, expands in the U.S.The surge in prediction market activi ...