News listMoonPay makes prediction markets push with Dawn Labs buy, AI tool launch
CoinTelegraph2026-05-11 18:46:59

MoonPay makes prediction markets push with Dawn Labs buy, AI tool launch

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Source: MoonPay The move closer to prediction markets comes as Kalshi and Polymarket face several state-level lawsuits over allegations that the companies are illegally facilitating sports betting and other activities not permitted by state law. Until December 2025, Caroline Pham, MoonPay’s chief legal officer, was a commissioner and acting chair at the US Commodity Futures Trading Commission (CFTC), which has since claimed exclusive jurisdiction over prediction markets. Related: MoonPay releases open-source wallet standard for AI agents Trading on prediction markets continues to be under scrutiny by many US lawmakers and industry leaders given the platform’s models often allowing insider trading. In April, a soldier was charged with using classified information about the US military operation to capture former Venezuelan President Nicolás Maduro to make more than $400,000 through event contracts on Polymarket. MoonPay’s acquisition followed prediction markets platform Kalshi closing a $1 billion funding round last week, resulting in the company reaching a valuation of about $22 billion. The move effectively doubled Kalshi’s valuation in five months. More on the subject
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Source:CoinTelegraph
Published:2026-05-11 18:46:59
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