Taiwan blocks Coinbase and Kalshi over illegal election betting on prediction markets
Court-authorised website blocks over election betting threaten access to prediction markets in Taiwan.
11 entries from 2026-10-09 to 2026-10-16. Open in the feed
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04 Regulation2
01 Deals & M&AKalshi, DraftKings, Coinbase, Furnace, North Island Ventures, Reciprocal Ventures
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Court-authorised website blocks over election betting threaten access to prediction markets in Taiwan.
Furnace's $3.5 million raise shows investor backing for infrastructure mapping differing venue contracts, including Polymarket's US and international versions, for institutional prediction-market users.
SEC approval of Cboe's corporate binary options opens a second regulatory route, while the Kentucky remand recommendation could expose Kalshi and Polymarket to state action.
Polymarket gains football promotion from James, who will not invest in the company.
Sports contracts drawing 70% of active prediction market traders, mostly young men, signals direct competition for sportsbook customers and regulatory scrutiny.
Bipartisan opposition to election betting and three-quarters calling it gambling add political pressure on prediction markets as the CFTC and states dispute authority.
The proposed swap definition and conflicting circuit rulings leave the status of event contracts and state gambling laws unsettled.
Record volume alongside 60% public opposition to election betting, state court fights and Google's Connecticut ad exclusions shows growth facing regulatory and distribution risk.
The reported public view and opposition to several types of betting inform the debate over prediction market oversight.
Operators and regulators face questions about a planned bingo site and whether prediction markets count as online gambling.
A Supreme Court review of Flaherty v. KalshiEx could settle sports contract jurisdiction, while the Seminole suit threatens DraftKings' combined sportsbook, casino and prediction app.