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THE BLOCK: ESMA says Polymarket and Kalshi lack the authorization generally required to market and sell event contracts in the EU. The regulator said the platforms restrict users in some, but not all, EU countries and questioned the effectiveness of their geographic and VPN restrictions.
THE BLOCK: A federal judge blocked Minnesota from enforcing its new law banning prediction markets, allowing Kalshi and Polymarket to continue operating in the state while litigation proceeds.
THE BLOCK: Mark Zuckerberg has "urged his lieutenants" to explore partnerships with Polymarket and Kalshi, NYT reports. Meta is building a similar prediction markets app called Arena.
Meta's Zuckerberg wants to build prediction market app like Polymarket and Kalshi: NYT https://www.theblock.co/post/405838/meta-zuckerberg-to-build-prediction-market-app-polymarket-kalshi-nyt?utm_source=twitter&utm_medium=social
Bloomberg reports that Galaxy Digital CEO Mike Novogratz says the firm is in talks with Polymarket and Kalshi to provide liquidity in prediction markets, having already begun small-scale market-making experiments with plans to expand. Jump Trading has also quietly started making markets on Kalshi. https://t.co/3QojfIsVML
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