Prediction Markets and States Clashed, Setting Off a Furious Political Battle - The New York Times

Latest News About Canadian watchdog hands prediction markets a major victory

Canadian securities administrators said Thursday that sports and entertainment prediction markets should not fall under securities law. Canadian watchdogs, including the CSA and CIRO issued guidance on event contracts. This move avoids federal supervision of those markets. In the United States, prediction markets and state officials clashed in a political battle this month. August rankings of U.S. apps show Kalshi and Polymarket leading the sector. Additional news covers exchange traded funds and a Robinhood crypto contract tied to the XRP price.

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