Can Prediction Markets Get Licensed in Germany?
Kalshi and Polymarket sell event contracts. Positions are funded in stablecoins, settled by code, and held in wallets rather than accounts. US states spent 2026 arguing over what that is: a financial product, or a bet with extra steps. Germany answered the question last September and has not revisited it. The answer matters for anyone […]
Kalshi and Polymarket sell event contracts. Positions are funded in stablecoins, settled by code, and held in wallets rather than accounts. US states spent 2026 arguing over what that is: a financial product, or a bet with extra steps. Germany answered the question last September and has not revisited it. The answer matters for anyone […]
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