Prediction markets & exchanges
Business and regulatory reporting on ProphetX.
Business and regulatory reporting. Dates show when reports were published; they do not establish when a change took effect or whether a relationship continues.
The report said that ProphetX partnered with Pikkit. The agreement forms part of ProphetX’s expansion of its B2B prediction market operations.
Also in this report: Pikkit
The report said that ProphetX partnered with Pikkit. The agreement forms part of ProphetX’s expansion of its B2B prediction market operations.
Also in this report: Pikkit
The report said that ProphetX raised $35m to scale its sports prediction-market platform. The company launched a peer-to-peer sports-event exchange the previous month.
The report said that ProphetX completed a $35m funding round. The company is targeting expansion in B2B prediction markets.
The CFTC continues to consider how to define gaming for event contracts. Chairman Michael S. Selig said the relevant statute leaves key terms undefined. Nevada and New Jersey continue to assert state gambling authority over sports-outcome contracts.
Also in this report: Kalshi · Novig · DraftKings · USA
The Ohio Casino Control Commission has reiterated that Robinhood Derivatives must obey its cease-and-desist order by 16 October. The order concerns sports-event contracts, and Ohio issued similar notices to nine other firms.
Also in this report: Robinhood Derivatives · Coinbase · Polymarket · Webull
Connecticut's Department of Consumer Protection issued cease-and-desist orders to nine prediction market platforms over sports event contracts offered to residents on 23 September. The platforms include Polymarket, Coinbase, Crypto.com, Robinhood, ProphetX, Novig, Webull, Gemini and Underdog Predict.
Also in this report: Polymarket · Coinbase · Crypto.com · Robinhood
Connecticut’s Department of Consumer Protection issued nine cease-and-desist orders against prediction market companies. The department alleges that the companies offer sports betting without state licences and ordered them to stop making sports event contracts available to Connecticut residents.
Also in this report: Polymarket · Coinbase · Crypto.com · Robinhood
Connecticut's Department of Consumer Protection issued cease-and-desist orders to nine prediction-market operators this week on 11 September. The orders require platforms to halt sports event contracts and other alleged unlicensed online gambling and permit customer withdrawals. Investigators also issued nearly 30 subpoenas; recipients are not necessarily under investigation.
Also in this report: Polymarket · Coinbase · Crypto.com · Robinhood
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Robinhood Derivatives faces a 16 October compliance deadline for Ohio’s cease-and-desist order concerning sports-event contracts.
Nine prediction market platforms face Connecticut cease-and-desist orders over sports event contracts offered to residents.
Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
The orders require nine prediction market companies to stop offering sports event contracts to Connecticut residents.
Connecticut’s orders require nine platforms to halt sports event contracts and other alleged unlicensed online gambling while permitting withdrawals.
The partnership adds Pikkit to ProphetX’s B2B prediction market expansion.
The funding supports expansion of ProphetX’s recently launched exchange.
The funding provides capital for ProphetX’s platform development.
The round adds $35m in financing for ProphetX.
The round adds $35m in financing to ProphetX.
The agreement brings ProphetX sports contracts into Players’ Lounge’s gaming platform.
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