There are two distinct paths that the prediction market sector takes.
Platforms are growing rapidly in the United States attracting large investors and expert traders. Italy is the latest country to ban an important predictive market platform, while other countries are tightening laws.
Kalshi builds a professional commercial cockpit
Kalshi introduced Kalshi Pro, a desktop trading platform for experienced traders, in the US.
The platform is intended for clients who simultaneously trade several markets, respond quickly to real-time events, or place limit orders that are only executed when a pre-determined price is met. Currently in beta, Kalshi Pro is available for free.
According to the institution, Its business has expanded rapidly. Its annual trading volume has tripled to $178 billion, with much of the activity coming from quantitative trading firms and experienced traders referred to as “sharps.”
To gain a competitive advantage, these traders have historically relied on custom procedures, direct data links, and proprietary software.
All these capabilities and tools are designed to be integrated into one platform with Kalshi Pro.
The new platform uses the same account and balance as the regular Kalshi app. It also adds advanced trading tools that have long been available to professional stock and bond traders through traditional brokerage firms and exchanges.
“Active traders on Kalshi are already trading prediction markets and perpetual stocks like Wall Street trades stocks and bonds,” said Andy Chang, product lead for Kalshi Pro. “We built the Pro to give them the cockpit they deserve.”
For experienced traders, Kalshi Pro offers a number of new tools. One tool that allows users to view and trade several markets at once is called Canvas.
Active Markets Screener is another tool that allows traders to monitor around 2,000 active markets simultaneously.
Besides integrated risk management features such as stop-loss and take-profit orders, it also offers perpetual futures trading through licensed TradingView charts.
The Kalshi Pro release comes on the heels of another major milestone achieved by the company. Under the direct supervision of the Commodity Futures Trading Commission (CFTC), everything It just became the first trading platform in the US to offer cryptocurrency futures. In just one week, the trading volume of these contracts reached $1 billion.
Italy blocks Polymarket for the second time
On the other side of the Atlantic, the picture is completely different.
Polymarket, one of the world’s largest forecasting platforms, has been shut down in Italy for the second time. The Italian Customs and Monopolies Agency, known by the initials ADM, added the site to its official list of banned addresses, saying the platform did not comply with Italian gambling laws.
This is not the first time that Polymarket has clashed with the Italian authorities. ADM first banned the platform in October 2025, but this decision was overturned in December of the same year after Polymarket objected to it in the Regional Administrative Court of Lazio.
After the sponsorship deal of the Italian football team SS Lazio with Polymarket, it gained more attention.
The agreement increased awareness of the platform and brought the discussion to the Italian Parliament.
Compared to offshore platforms operating in Italy without…So, licensed gambling companies assert that they must adhere to stricter advertising regulations. Additionally, critics claimed that the country’s current legislation should prohibit a platform identified as an illegal operator from sponsoring sports teams.
AGCOM, Italy’s telecommunications regulator, is now expected to complete its review of the sponsorship agreement.
Polymarket It has always insisted that it provides a financial service rather than a gambling product.
According to the company, users in Italy are only allowed to check market data and are not allowed to trade on the platform. However, ADM’s decision to blacklist Polymarket once again shows a broader trend.
Regulators in several countries are increasing their scrutiny of prediction market platforms that operate without a local licence. 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 face stricter rules and more stringent regulatory measures in others.
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