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FanDuel has won National Futures Association approval for a futures commission merchant license, a regulatory step that could give it more control over prediction market operations in the US.
Polymarket has announced Protocol V2, with a full mainnet switchover scheduled for Nov. 2 following canary-market testing in October.
Bank of America upgraded DraftKings to Buy from Neutral while keeping a $27 price target, arguing Wall Street estimates may be bottoming after a sharp sector selloff.
Granular midterm prediction markets on Kalshi and Polymarket have topped $20 million in trading volume and are drawing scrutiny over whether campaign insiders could profit from advance knowledge.
Rep. Don Davis has introduced legislation that would prohibit federal candidates and related parties from trading on prediction market contracts tied to the candidate’s own race.
The Seminole Tribe of Florida filed suit against DraftKings, saying its Pick6 and prediction-market products function as an illegal sportsbook in the state.
