There are two distinct paths that the prediction market sector is taking. Platforms are rapidly growing in the US to draw big investors and expert traders. Italy is the most recent nation to outlaw a significant prediction market platform, while other nations tighten laws. Kalshi builds a professional trading cockpit Kalshi has introduced Kalshi Pro, a desktop trading platform for seasoned traders, in the United States. The platform is intended for customers who trade simultaneously in several markets, respond rapidly to real-time events, or make limit orders that are only fulfilled when a predetermined price is met. Currently in beta, Kalshi Pro is available for free. According to the corporation, its business has been expanding quickly. Its yearly trading volume has tripled to $178 billion, with a significant portion of activity coming from quantitative trading firms and seasoned traders referred to as “sharps.” To obtain a competitive advantage, these traders have historically depended on customized procedures, direct data linkages, and proprietary software. All of those capabilities and tools are intended to be combined on a single platform with Kalshi Pro. The new platform uses the same account and balance as Kalshi’s regular app. It also adds advanced trading tools that have long been available to professional stock and bond traders through traditional brokerages and exchanges. “Kalshi’s active traders are already trading prediction markets and perpetuals like Wall Street trades equities and bonds,” said Andy Chang, the Kalshi Pro product lead. “We built Pro to give them the cockpit they deserve.” For seasoned traders, Kalshi Pro offers a number of new tools. One tool that allows users to watch and trade numerous marketplaces simultaneously is called Canvas. Active Markets Screener is another tool that lets traders keep an eye on around 2,000 active markets simultaneously. Along with integrated risk management features like stop-loss and take-profit orders, it also provides everlasting futures trading with licensed TradingView charts. Kalshi Pro’s release follows the company’s other significant accomplishment. Under the direct supervision of the Commodity Futures Trading Commission (CFTC), Kalshi just became the first trading platform in the United States to provide cryptocurrency perpetual futures. In just one week, the trading volume of these contracts hit $1 billion. Italy blocks Polymarket for the second time Across the Atlantic, the picture looks very different. Polymarket, one of the biggest prediction platforms in the world, has been cut off in Italy for the second time. The Italian Customs and Monopolies Agency, known by the initials ADM, has added the website to its official list of blocked addresses, saying the platform does not comply with Italy’s gambling laws. This is not the first time Polymarket has clashed with Italian authorities. The ADM first blocked the platform in October 2025, but that decision was reversed in December of the same year after Polymarket challenged it in the Regional Administrative Court of Lazio. Following the Italian football team S.S. Lazio’s sponsorship deal with Polymarket, the matter gained even more attention. The agreement raised awareness of the platform and introduced the discussion to the Italian parliament. Compared to overseas platforms operating in Italy without a uthorization, licensed gambling companies contend that they must adhere to far tougher advertising regulations. Additionally, critics claimed that the nation’s current legislation should prohibit a platform that has been identified as an unlawful operator from sponsoring sports teams. It is now anticipated that AGCOM, Italy’s communications regulator, will finish reviewing the sponsorship agreement. Polymarket has always insisted that it provides a financial service rather than a gambling product. According to the firm, users in Italy are only permitted to examine market data and are not permitted to trade on the platform. Even so, the ADM’s decision to blacklist Polymarket again shows a wider trend. Regulators in several countries are increasing their scrutiny of prediction market platforms that operate without a local license. At the same time, the industry is moving in different directions around the world. While prediction markets are becoming more popular and accepted in some countries, they are facing stricter rules and tougher regulatory action in others. The smartest crypto minds already read our newsletter. Want in? Join them .
