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🎯Place your bets: Regulators tussle over the future of prediction markets
Predictions markets have seen a  huge rise in users  with sites like Polymarket and Kalishi raising large funding rounds and experiencing exponential growth. The speed with which these offerings have grown has started to run into regulatory hurdles however, and last Friday, regulators in Tennessee sent a  cease-and-desist  letter to Polymarkets,  Crypto.com  and Kalshi, alleging that their predictions markets were in fact unlicensed gambling. The same day Kalshi commenc
Jan 134 min read
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