Prediction market platform Kalshi recorded its highest ever monthly trading volume in June, fueled by the expanded FIFA World Cup, according to DefiLlama data.
European Union regulators are moving to block retail investors from multibillion-dollar prediction markets, prioritizing product function over labeling for compliance.
Solana's SOL token rallied significantly, fueled by a surge in interest for Solana-network memecoins and increased prediction market activity.
The European Securities and Markets Authority (ESMA) warned that many prediction market event contracts are already subject to an EU retail ban.
New data from Allium indicates that users in the United States are actively circumventing geoblocks to participate in betting markets on Polymarket's global platform.
A Michigan Judge has temporarily blocked prediction market platform Kalshi from offering sports betting contracts to residents, intensifying the state-federal debate on gambling laws.
Bernstein suggests prediction market platforms Kalshi and Polymarket could become M&A targets as operational consolidation blurs lines between exchanges and sportsbooks.
Bernstein analysts indicate that prediction market platforms consolidating core operations could lead to M&A and increased antitrust and regulatory scrutiny.
Polymarket's frontend exploit cost has risen to $3.1 million, days after the platform pledged full refunds, as it faces a regulatory investigation.
A group of 17 Democratic senators has criticized the CFTC's funding for lawsuits against prediction markets, calling it an "assault" on state authorities.
Decentralized prediction market Polymarket onboarded a significant number of new crypto users, with **60%** of its **World Cup** bettors being first-timers.
Prediction market platform Kalshi is reportedly in talks to raise new capital at a staggering $40 billion valuation, almost doubling its last raise.
Prediction market operator Kalshi is reportedly targeting a **$40 billion** valuation and a new funding round in Q3, eyeing a potential public debut by **2027**.
Prediction markets platform Kalshi is suing Illinois officials to block a new state law set to cause "irreparable harm" to its operations from July 1.
Cboe, a major U.S. derivatives exchange, is reintroducing S&P 500 binary options after a decade, targeting a market popularized by Polymarket and Kalshi.
The Commodity Futures Trading Commission (CFTC) has sued Kentucky, marking it the ninth state to face legal action from the regulator over prediction markets.
Prediction market platform Kalshi has added India to its list of 55 restricted jurisdictions after Indian authorities warned VPN providers.
Financial giant Charles Schwab is reportedly planning to enter the burgeoning prediction market space, initially offering simple S&P 500 bets.
A new legislative proposal aims to prohibit insider trading on prediction markets for policy-related events, specifically excluding White House officials from the ban.
Financial services giant Schwab is reportedly set to enter the prediction market space with S&P 500 event-based options, following crypto platforms.
Prediction market platform Kalshi is reportedly in early discussions with investment banks regarding a potential initial public offering (IPO).
Canadian financial platform Wealthsimple has launched a new app offering event-based prediction markets, powered by Kalshi, following recent regulatory approval.
Kentucky's Attorney General has filed suit against Polymarket, Kalshi, Coinbase, Robinhood, and Webull over the offering of sports event contracts.
Major gambling organizations are pressing U.S. lawmakers to ban prediction markets from sports betting, seeking clearer regulatory boundaries.
Kentucky regulators are moving to restrict prediction markets like Kalshi and Polymarket, creating a potential conflict with national political figures.
Prediction market platform Kalshi is boosting its surveillance capabilities with a new software partnership as regulatory battles over event-based contracts intensify.
A new Polymarket account reportedly transformed a $4 million wager into a $9 million profit by betting against Spain in a recent World Cup match.
A single high-stakes bet on the World Cup on the Polymarket platform resulted in one trader losing $1 million, while another reaped millions.
Bitcoin surpassed $65,000 following reports of a potential US-Iran peace deal, though prediction market traders remain cautious about its lasting impact.
The Commodity Futures Trading Commission has filed a lawsuit against New Mexico, marking the eighth state challenged over prediction market oversight.
The CFTC has filed a lawsuit against New Mexico, the eighth state challenged, over its jurisdiction regarding prediction market contracts, especially those tied to sports.
Americans have reportedly wagered billions on offshore prediction markets, with projections indicating a significant increase in this activity by 2030.
The crypto world sees a surge in tokenized real-world assets and prediction markets, even as Sam Bankman-Fried seeks a presidential pardon following his conviction.
Former SEC and CFTC Chair Gary Gensler asserts that Congress never intended for sports betting, including prediction markets, to fall under exclusive federal oversight.
Former SEC and CFTC Chair Gary Gensler asserts that prediction markets offering sports contracts must adhere to state regulations, challenging their claims of exemption.
The upcoming 2026 FIFA World Cup is anticipated to inject billions into crypto prediction markets, potentially boosting platforms like Coinbase and Robinhood.