MYSTERIOUS: 16 - You Need To See This

Traders Echo Pope Leo's Warning That AI Could Trigger Mass Job Losses

Traders on Kalshi are giving a 60% chance that U.S. unemployment will cross 8% at some point before 2030 and a 47% chance that it will cross 9% during the same period, largely as a result of AI implementation.

International Business Times · May 27

‘Scum’: Trump attacks US states’ efforts to regulate prediction markets

President says federal government must retain regulatory authority as concerns grow over ‘addictive’ platforms

The Guardian - US · May 27

Passage Of CLARITY Act In Doubt As Senate Calendar Tightens And Stablecoin Disputes Deepen

The passage of the crypto CLARITY Act has been thrown into doubt even after a key Senate committee approved the legislation earlier this month.

International Business Times · May 26

Minnesota Law Banning Prediction Markets Creates Victimless Crime

A Minnesota senator got fined for insider trading on a prediction market. His response was to ban the platforms for everyone in the state.

Reason · May 21

Americans expected to wager more than $3B on the World Cup – surpassing Super Bowl

The tournament is expected to generate about $3.1 billion in U.S. online sports bets, with prediction markets adding another $2.4 billion

The Independent UK · May 21

Will the House ban staff from prediction markets? These members aren’t waiting

As the House faces growing calls to ban trading on prediction markets by members and staff, some are taking things into their own hands. When Rep. Seth Moulton, D-Mass., announced a new internal policy for his office in March, he described it as a way to make a stand as…

Roll Call · May 20

Prediction market Kalshi to give $2m to problem gambling group as it fights ‘gambling’ label

Kalshi announces two-year investment to National Council on Problem Gambling ‘focused on trader health and safety’

The Guardian - US · May 18

Kalshi, Polymarket defy India ban on online betting platforms

Despite India's technology ministry warning that prediction markets like Polymarket and Kalshi are illegal, customers in India continue to trade. A new law banning "online money games" went into effect May 1, yet these platforms are still accessible, with some users circumventing blocks.

The Economic Times · May 18

Senators banned themselves from prediction markets. Will the House?

Support is growing for a rules change in the House that would bar members of Congress and their staff from trading on prediction markets.  Senators adopted their own resolution at the end of last month by unanimous consent, revising the standing rules of the Senate to ban buying and selling…

Roll Call · May 7

Marco Rubio Becomes Surprise Front-Runner in 2028 Presidential Betting Market

U.S. Secretary of State Marco Rubio has become the betting favorite to win the 2028 presidential election on the prediction market platform Kalshi, a striking political development that underscores his growing influence inside President Donald Trump's administration.

Latin Times · May 7