Latest news and articles about prediction market from NEX English
Michel Spagnuolo, a security engineer at Google, was arrested in New York for fraud after allegedly using confidential information to make over $1 million in profits on the Polymarket platform. This incident raises concerns about data security in major corporations.
Tensions are rising between Kalshi and Polymarket as they exchange sharp accusations amid increasing competition in the prediction market. This comes at a time when the emerging sector faces heightened scrutiny from the U.S. government.
A judge in Nevada has extended the ban on Kalshi, a company seeking to operate a prediction market in the state. This decision comes amid growing discussions about regulating new financial markets.
Kalshi Inc. has announced that it has obtained a license to offer margin trading services, enhancing its appeal to institutional investors. This development comes as the company seeks to expand its user base and strengthen its market position.