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Prediction market companies like Kalshi, Coinbase, and Robinhood are advocating for federal regulation to prevent insider trading. They launched a campaign after a trader made over $400,000 on Polymarket before Maduro's capture, highlighting industry concerns over regulatory clarity and scandals.
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Chloe Kim, a two-time Olympic snowboarding champion, failed to secure her third consecutive gold at the 2026 Winter Olympics after falling on her final runs. She was overtaken by 17-year-old Choi Ga-on of South Korea, who scored 90.25 on her last attempt. Kim, 25, had led after her first run but fell twice in her final attempts, ending with silver. The event was marked by controversy over scoring and the emergence of a young rival. Kim had previously won gold in 2018 and 2022, but her bid for a historic third was thwarted despite landing the sport's most difficult trick, a double-cork 1080. Her injury earlier this season and the intense competition highlight the unpredictability of Olympic snowboarding. The result signals a shift in the sport's landscape, with new talent challenging established champions.
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Recent activity on prediction platforms like Polymarket and Kalshi shows suspiciously timed bets on geopolitical events, including US military actions. California has introduced new regulations banning officials from profiting on nonpublic information, amid concerns over insider trading and potential influence on policy decisions. The debate highlights ethical and security risks.
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Prediction markets like Kalshi and Polymarket saw betting spikes on Oscar winners before the ceremony, suggesting some gamblers may have had early insights. Shifts in odds occurred for categories including Best Actor and Supporting Actress, with notable changes just hours before the awards.
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The NCAA men's and women's basketball tournaments have seen a rapid decline in perfect brackets due to numerous upsets. Less than 1,500 perfect entries remain out of over 26 million, with major surprises like 12-seed High Point defeating Wisconsin. The unpredictability highlights the tournament's difficulty and the astronomical odds of perfect predictions.
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Nebraska and Wisconsin are moving toward legalizing online sports betting on tribal platforms, amid ongoing debates over regulation and gambling addiction. Nebraska's prediction markets are already active, while Wisconsin's bill awaits governor approval, highlighting the evolving landscape of U.S. sports wagering.
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US authorities, including the Southern District of New York, are investigating prediction markets like Polymarket and Kalshi for potential insider trading and market manipulation. Meetings with regulators highlight growing scrutiny amid rapid industry expansion with little oversight, as officials warn of possible criminal cases.
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Prediction markets like Polymarket and Kalshi are experiencing rapid growth, with trading volumes reaching $20 billion monthly. Regulators and tribal leaders are raising concerns over legality, potential fraud, and the impact on regulated gambling industries, prompting investigations and calls for tighter oversight.
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A federal appeals court in Philadelphia has ruled that the US Commodity Futures Trading Commission has exclusive authority over prediction markets like Kalshi and Polymarket. The decision affirms federal regulation over these platforms, challenging state laws and raising questions about industry legality and enforcement. The ruling impacts US operators and users today.
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Multiple new accounts on Polymarket placed large bets on a US-Iran ceasefire before President Trump announced it, raising concerns over insider trading. Similar patterns have emerged around other geopolitical events, prompting investigations and legislative proposals to regulate prediction markets more strictly.
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U.S. District Judge Michael Liburdi blocked Arizona's criminal case against Kalshi, a prediction market operator, citing federal law's authority over state gambling laws. The ruling supports the CFTC's stance on federal regulation of prediction markets, delaying criminal proceedings scheduled for Monday, and signals ongoing legal battles over regulation and legality.
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Governors of New York, Illinois, and California have issued executive orders banning state employees from engaging in insider trading on prediction platforms like Kalshi and Polymarket. The moves follow concerns over suspicious trades linked to geopolitical events, with no proof of illegal activity yet. Warnings have been issued, and legislation is being considered to tighten regulation.
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Prediction markets like Polymarket are facing increased scrutiny after betting on sensitive events, including military rescues and international conflicts. Congress is considering bipartisan bills to regulate these platforms, citing concerns over insider trading, market integrity, and offshore operations. The White House has warned staff against using private information for trading.
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Letitia James has filed lawsuits against Coinbase and Gemini in Manhattan, alleging their prediction markets operate illegally without licensing. The lawsuits aim to stop these platforms from operating in New York until they obtain proper licenses. The companies argue their prediction markets are federally regulated, but the state maintains they are illegal gambling exposing young users.
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Master Sgt. Gannon Ken Van Dyke has been charged with using classified information to profit over $400,000 through prediction markets related to the military operation against Maduro in Venezuela. He is accused of placing bets before the operation and concealing his proceeds, which were transferred to foreign cryptocurrency accounts. The case highlights concerns over prediction market misuse by insiders.
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A US soldier involved in the January operation to capture Nicolás Maduro has been charged with using classified information to make over $400,000 on prediction markets. The soldier, Gannon Ken Van Dyke, allegedly placed bets on Maduro's removal, profiting from sensitive military intelligence. The case raises concerns over insider trading and prediction market regulation.