Prediction Markets Face Global Regulatory Challenges
- Polymarket and Kalshi are working to convince regulators they aren’t gambling platforms.
- Authorities in Taiwan, France, and Singapore have blocked Polymarket, labeling it as unlicensed gambling.
- The U.S. Commodity Futures Trading Commission regulates prediction markets as event contracts.
- Kalshi has permission for election-based contracts; Polymarket must block U.S. users.
- Polymarket reports $1.6 billion in monthly volume post-election.
- $1.1 billion is bet on the NFL Super Bowl outcome via Polymarket Analytics.
Despite regulatory hurdles abroad, prediction markets like Polymarket continue to thrive with significant trading volumes, including $1.6 billion monthly post-election and $1.1 billion on the NFL Super Bowl outcome.
