Rival Polymarket has filed its own lawsuit against the Bay State just days after a Massachusetts judge ruled in favor of the state’s injunction that prevents prediction-markets operator Kalshi from offering sports-event contracts. Reversal of Fortune Polymarket filed a lawsuit against Massachusetts Attorney General Andrea Joy Campbell earlier this week, arguing that prediction-trading platforms prohibited
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One of the leading prediction markets, Polymarket, announced a multiyear agreement with Major League Soccer to be its exclusive partner in that category. Polymarket Pioneers Soccer Partnership Despite recently reentering the US market in December, Polymarket has been aggressively searching for partners with professional sports leagues and franchises. Last week, reports surfaced that the company
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Commodity Futures Trading Commission chairman Michael Selig has stated his agency will draft new rules that will clarify guidance on its prediction market licensees in the wake of new technology, digital currency, and perhaps sports event contracts. Point-Counterpoint Prediction markets have been offering sports event contracts for over a year, and the legal battle has
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