Regulation2m read
US Lawmakers Push Supreme Court for Clarity on Kalshi Prediction Market Case
US lawmakers from gaming states are urging the Supreme Court to hear the Kalshi case, seeking clarity on prediction market regulation and sports betting.
◆ #prediction markets
Markets2m read
Kalshi Denies CFTC Investigation Over Ether Perpetual Market Activity
Prediction market Kalshi has clarified it is not under investigation by the CFTC regarding unusual patterns in its ether perpetual market, attributing them to liquidity incentives.
Regulation2m read
CFTC Issues Warning on Risky Prediction Market 'Mention Contracts'
The U.S. Commodity Futures Trading Commission (CFTC) has issued a warning regarding the risks associated with prediction market "mention contracts" weeks after fining an individual over $107,000.
Regulation2m read
CFTC Warns of Cheating Risks in 'Mention Markets' on Prediction Platforms
The Commodity Futures Trading Commission (CFTC) has issued a new advisory highlighting cheating risks in 'mention markets' on prediction platforms.
Regulation2m read
Polymarket Seeks Approval to Offer Margin Trading in U.S.
Prediction market platform Polymarket is seeking U.S. regulatory approval to offer margin trading to its customers, allowing for uncollateralized positions.
Regulation3m read
South Korea Considers Action Against Polymarket Over Gambling Concerns
South Korea's media and communications review body is scrutinizing decentralized prediction market Polymarket for potential unregulated gambling activities.
Regulation2m read
Kalshi and Prediction Market Sector Face Mixed Legal Outcomes Across the U.S.
Kalshi and the prediction market sector are embroiled in legal battles across the U.S., with state gaming regulator disputes reportedly not going well.
Markets2m read
Kalshi Achieves Record Trading Volume in June, Driven by Expanded FIFA World Cup
Prediction market platform Kalshi recorded its highest ever monthly trading volume in June, fueled by the expanded FIFA World Cup, according to DefiLlama data.
Regulation2m read
EU Moves to Block Retail Investors from Multibillion-Dollar Prediction Markets
European Union regulators are moving to block retail investors from multibillion-dollar prediction markets, prioritizing product function over labeling for compliance.
Altcoins3m read
Solana (SOL) Rallies as Memecoin and Prediction Market Activity Surges
Solana's SOL token rallied significantly, fueled by a surge in interest for Solana-network memecoins and increased prediction market activity.
Regulation2m read
ESMA Warns Many Prediction Market Event Contracts Face EU Retail Ban
The European Securities and Markets Authority (ESMA) warned that many prediction market event contracts are already subject to an EU retail ban.
Regulation2m read
Michigan Judge Blocks Kalshi from Offering Sports Betting Contracts to Residents
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.
Markets2m read
Bernstein: Kalshi and Polymarket Could Become M&A Targets Amidst Market Consolidation
Bernstein suggests prediction market platforms Kalshi and Polymarket could become M&A targets as operational consolidation blurs lines between exchanges and sportsbooks.
Markets3m read
Bernstein: Prediction Market Consolidation Could Trigger M&A Wave, Regulatory Risks
Bernstein analysts indicate that prediction market platforms consolidating core operations could lead to M&A and increased antitrust and regulatory scrutiny.
Markets2m read
Polymarket's Frontend Exploit Cost Rises to $3.1 Million Amidst Regulatory Investigation
Polymarket's frontend exploit cost has risen to $3.1 million, days after the platform pledged full refunds, as it faces a regulatory investigation.
Regulation2m read
17 Democratic Senators Accuse CFTC of 'Assault' on State Oversight of Prediction Markets
A group of 17 Democratic senators has criticized the CFTC's funding for lawsuits against prediction markets, calling it an "assault" on state authorities.
Markets2m read
Polymarket Onboards 60% First-Time Crypto Users with World Cup Bets
Decentralized prediction market Polymarket onboarded a significant number of new crypto users, with **60%** of its **World Cup** bettors being first-timers.
Markets2m read
Kalshi Seeks New Funding at $40 Billion Valuation, Nearly Doubling Previous Raise
Prediction market platform Kalshi is reportedly in talks to raise new capital at a staggering $40 billion valuation, almost doubling its last raise.
Markets2m read
Kalshi Aims for $40 Billion Valuation Ahead of Potential 2027 Public Debut
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**.
Regulation2m read
Kalshi Sues Illinois Officials Over Prediction Market Restrictions Ahead of July 1 Law
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.
Markets2m read
Cboe Reintroduces S&P 500 Binary Options After Decade-Long Hiatus
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.
Regulation2m read
CFTC Files Lawsuit Against Kentucky Over Prediction Markets, Ninth State Targeted
The Commodity Futures Trading Commission (CFTC) has sued Kentucky, marking it the ninth state to face legal action from the regulator over prediction markets.
Regulation2m read
Kalshi Adds India to List of 55 Restricted Jurisdictions
Prediction market platform Kalshi has added India to its list of 55 restricted jurisdictions after Indian authorities warned VPN providers.
Markets1m read
Charles Schwab Reportedly Explores Entry into Prediction Markets with S&P 500 Wagers
Financial giant Charles Schwab is reportedly planning to enter the burgeoning prediction market space, initially offering simple S&P 500 bets.
Regulation3m read
Republican Lawmaker Proposes Insider Trading Ban for Prediction Markets on Policy Outcomes
A new legislative proposal aims to prohibit insider trading on prediction markets for policy-related events, specifically excluding White House officials from the ban.
Markets2m read
Schwab Reportedly Enters Prediction Markets with S&P 500 Options
Financial services giant Schwab is reportedly set to enter the prediction market space with S&P 500 event-based options, following crypto platforms.
Markets2m read
Prediction Market Platform Kalshi Reportedly Explores Initial Public Offering
Prediction market platform Kalshi is reportedly in early discussions with investment banks regarding a potential initial public offering (IPO).
Regulation2m read
Kentucky Files Lawsuit Against Prediction Markets Polymarket and Kalshi, Citing Illegal Sports Contracts
Kentucky's Attorney General has filed suit against Polymarket, Kalshi, Coinbase, Robinhood, and Webull over the offering of sports event contracts.
Regulation3m read
Gaming Industry Urges Congress to Restrict Prediction Markets in Sports Betting
Major gambling organizations are pressing U.S. lawmakers to ban prediction markets from sports betting, seeking clearer regulatory boundaries.
Regulation3m read
Kentucky Takes Aim at Prediction Markets, Challenging National Political Stances
Kentucky regulators are moving to restrict prediction markets like Kalshi and Polymarket, creating a potential conflict with national political figures.
Regulation2m read
Kalshi Enhances Prediction Market Oversight Amidst Regulatory Scrutiny
Prediction market platform Kalshi is boosting its surveillance capabilities with a new software partnership as regulatory battles over event-based contracts intensify.
DeFi2m read
Polymarket Trader Turns $4 Million into $9 Million on World Cup Bet, Sparking Speculation
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.
DeFi1m read
High-Stakes World Cup Bet Sees Trader Lose $1 Million on Polymarket
A single high-stakes bet on the World Cup on the Polymarket platform resulted in one trader losing $1 million, while another reaped millions.
Markets2m read
Bitcoin Surges Past $65K on US-Iran Deal News, But Traders Skeptical
Bitcoin surpassed $65,000 following reports of a potential US-Iran peace deal, though prediction market traders remain cautious about its lasting impact.
Regulation3m read
CFTC Initiates Legal Action Against New Mexico Over Prediction Market Jurisdiction
The Commodity Futures Trading Commission has filed a lawsuit against New Mexico, marking the eighth state challenged over prediction market oversight.
Regulation3m read
CFTC Sues New Mexico Over Prediction Market Jurisdiction
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.