State Regulators Draw a Clear Line, But Is It the Right One? The state of New York, in its recent legal action against Polymarket, has opted for the simplest possible classification: an “illegal gambling operation.” Read More
Regulatory Reach vs. Decentralized Reality The latest broadside from a group of US Senators against "prediction markets" targeting wildfires is not merely an ethical condemnation of betting on tragedy. Instead, it lays bare Read More
The CFTC’s Digital Border Patrol The Commodity Futures Trading Commission is not merely closing a loophole; it is, perhaps unintentionally, affirming the structural relevance of the very offshore prediction markets it now seeks to Read More