The Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has filed a lawsuit against the state of Utah to stop the state’s efforts to shut down CFTC-registered contract markets. The lawsuit follows a lengthy battle the state has been fighting against prediction markets. In August, a federal judge in Utah ruled that the…

Prediction market platform Kalshi is expanding protections for young traders aged 18-20, which includes a new default monthly deposit limit.   Accounts in the age range will default to a $2,500 monthly deposit limit, Kalshi announced in a press release Tuesday. They will be automatically placed into “special accounts” that will have extra protections and…

While platforms like Polymarket and Kalshi are meant 'to aggregate the wisdom of the crowd,' professor warns that a few 'relatively large players' are 'putting up very large sums'