Insights on responsible prediction markets.
Regulation trackers, structural analysis and plain-language explainers, written for people who have to decide something, not for the feed.
Platform Reviews
21 Sep 2026
A Teleprompter Operator Was on Nobody's Restricted List
On 28 August 2026 the CFTC settled an insider trading case built on misappropriated government information, and the contracts at the centre of it were mention markets, bets on whether a word would be spoken. That product sits outside every box the Commission spent 2026 drawing. The order describes it better than the rulemaking does, and the only duty that reached it was the oldest one in the statute.
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Platform Reviews
15 Sep 2026
The Same Name Covers Two Different Rulebooks
One brand, two legal entities, two rulebooks and a single volume figure that covers both. A reader who sees the combined number cannot tell which regime holds their money, publishes their market data or decides who was right. The split is documented. It is just not documented where the trade happens.
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Platform Reviews
11 Sep 2026
Only Nine Companies Hold the Licence a Prediction Market Needs
In February 2026 the Gambling Commission said a prediction market operating in Great Britain would look like a betting intermediary, a category that has existed since betting exchanges launched in 2000. That answer pointed at an open route rather than a closed door. We went to the public register on 11 September 2026 to see who is actually on it. Nine companies hold an active remote betting intermediary licence, eight more have let one go since 2024, and the best known prediction market brand in Britain reaches its users on a licence that belongs to somebody else.
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Platform Reviews
6 Sep 2026
The First Screen a Trader Sees Belongs to Someone Else
The CFTC letter of 7 August 2026 is remembered for banning bookmaker odds. Its closing request asks venues to review the information displayed or used by their partners and affiliates, which is a sentence about a layer rather than a format. Most first contact with this category happens on a screen the exchange does not own, and the rules for that screen already exist in a rulebook almost nobody cites.
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