World Cup Fuels Prediction Market Surge | Bitcoin and Crypto News

Prediction markets are exploding in action, fueled by the expanded FIFA World Cup and record-breaking trading volumes—especially on Kalshi. Knockout matches like Canada vs. Morocco drew over $48 million in trades alone, while US games also rake in millions. But this boom comes amid intense legal scrutiny in the U.S., with states pushing to regulate or shut down platforms under gambling laws, while federal regulators like the CFTC defend their authority. Meanwhile, casino operators and tribal groups are lobbying Congress to transfer sports betting oversight to state gambling laws, and European regulators are reminding firms that many contracts may already fall under binary options rules. The future of prediction markets is hot, fast-moving, and legally tangled. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ab305ad3d1789393