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PredictIt is a New Zealand-based online prediction market that offers exchanges on political and financial events. [1] PredictIt is owned and operated by Victoria University of Wellington [ 2 ] with support from Aristotle, Inc. [ 3 ] The company's office is located in Washington, D.C. [ 4 ] Only United States citizens can bet on the site.
The CFTC’s August action calls for the site to be closed for U.S. users by February 15.
In October 2024, Kalshi, a financial exchange and prediction market, won a lawsuit against its regulator, the Commodity Futures Trading Commission, with a federal appeals court in Washington allowing it to revive the first fully regulated election prediction markets in the United States. Kalshi's court victory over the CFTC opened the market ...
Kalshi Inc. is an American financial exchange and prediction market based in Lower Manhattan, New York City, offering event contracts.Launched in July 2021, it offers a platform where both retail and institutional traders can place trades on various future events, including economic indicators, weather patterns, awards, as well as political and legislative outcomes.
The settlement aims to clear nearly 100,000 lawsuits filed by consumers ranging from homeowners to farmers who say they developed cancer because of the product. Some 25,000 cases still remain.
Many of these cases have lead to class action lawsuits and proceedings by the Federal Trade Commision (FTC), resulting in a number of settlements worth millions — or even billions — of dollars ...
If a candidate's price on PredictIT is 54 cents, that 54 cents can be used to estimate vote shares, which will be lower, but still still track those odds. Miller also concludes from assessing the ...
Either way, the way in which PredictIt—as an entity tied to a university in a nation state like New Zealand, which can bring down the hammer of law and policy if it so chooses—navigates this challenging subject within prediction markets is definitely article-worthy. It would improve the WP article if we explicated info about how these ...