eToro chief executive Jonathan Assia said the company is in talks with Kalshi and Polymarket about offering prediction markets. He said eToro’s European futures infrastructure could support future US event contracts, with an initial focus on financial, geopolitical and economic events.
The talks could bring eToro into prediction markets and extend its services to financial-event contracts.
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Reportedly, Manipulation risks in prediction markets featured prominently at the CFTC’s inaugural Innovation Advisory Committee meeting.
Reportedly, the Indian Gaming Association's conference chairman addressed how tribes are responding to the growth of sports event contracts from prediction markets. The spread of such contracts creates uncertainty for federally recognised tribes, prompting discussions about the next steps in the fight.
Meta reportedly held talks with Kalshi chief executive Tarek Mansour last year about a possible acquisition, but the discussions ended without a deal. People familiar with the talks gave conflicting accounts of why they broke down, and Meta and Kalshi declined to comment on the reports. Meta is reportedly developing a prediction-market app, while the reports say its potential use of real-money trading remains unresolved.
NBA Commissioner Adam Silver said the league is speaking directly with the CFTC about a memorandum of understanding on prediction-market integrity. Silver said the NBA has not made deals with Kalshi or Polymarket, but is monitoring sports activity on their platforms and remains open to licensing discussions.
Sporttrade chief executive Alex Kane discussed prediction markets and tribal involvement in gaming during an Indian Gaming Association webinar. Kane said Sporttrade operates as a state-licensed sportsbook in five states and had asked the Commodity Futures Trading Commission in April to allow it to operate as a designated contract market.