NYC Council Launches Probe Into Polymarket, Kalshi Over 'Predatory' Marketing
The New York City Council opens an investigation into four prediction market platforms including Kalshi, Polymarket, and Coinbase over allegations of deceptive
New York Post · +15 outlets
CFTC Invokes Emergency Powers, Orders Kalshi to Keep Operating Amid New York Lawsuit
The CFTC uses emergency authority to order Kalshi to continue offering event contracts in New York despite a state lawsuit seeking to shut down the platform ove
BitKE · +14 outlets
CFTC Warns Prediction Markets Over Faulty Incentive-Program Filings, Wash Trading Risks
The CFTC issues guidance warning prediction markets that incentive programs and market-maker rewards may be deficiently self-certified and risk constituting was
Binance · +11 outlets
Kalshi in Talks With Sequoia, Wellington at $40 Billion Valuation
The Information reports Kalshi is in fundraising talks with Sequoia Capital and Wellington Management that would value the prediction market platform at roughly
The Information
California Lawmakers, Senators Warn Wildfire Bets on Prediction Markets Could Spur Arson
Bipartisan lawmakers and senators call for a crackdown on prediction markets offering wildfire contracts, warning the bets could incentivize arson.
Santa Clara University · +6 outlets
Kalshi Taps DoubleZero for Wall Street-Style High-Speed Data Feed on Solana
Kalshi partners with DoubleZero to stream full order book data at high speed, aiming to bring institutional-grade data feeds to prediction markets.
CoinDesk · +8 outlets
Kalshi Partners With Nasdaq Market Surveillance for Oversight
Kalshi announces a partnership with Nasdaq Market Surveillance to use its trade surveillance technology for monitoring prediction market activity.
CBS Sports · +14 outlets
Kalshi Seeks Emergency Injunction to Stop Utah Gambling Law Enforcement
Kalshi files for an emergency injunction in federal court to block Utah from enforcing its state gambling law against the prediction market platform.
ABC4 Utah · +14 outlets
FlightAware Drops Lawsuit Against Kalshi Over Flight-Cancellation Markets After One Day
FlightAware withdraws its lawsuit against Kalshi just one day after filing, which had challenged Kalshi's flight-cancellation prediction markets as unauthorized
Reuters · +14 outlets
Bernstein Forecasts Prediction Markets Reaching $1 Trillion by 2030
Bernstein research projects the prediction market industry could grow to $1 trillion in volume by 2030, citing increasing institutional and retail adoption.
Yellow.com · +14 outlets
San Diego County Pushes to Restrict Prediction Markets, Proposes Ethics Rules
San Diego County officials move to ban county employees from trading on political prediction markets and propose ethics rules targeting revolving-door lobbying.
San Diego Union-Tribune · +1 outlets
MEMX Files to List Event Contracts on Company Earnings
Exchange operator MEMX files with regulators to list prediction market-style event contracts tied to corporate earnings reports and other indicators.
Casino.org · +4 outlets
River Markets Raises $8.5M to Build Prime Broker for Prediction Markets
River Markets raises $8.5 million in seed funding to build what it calls the first prime brokerage platform specifically for prediction market participants.
Finance Magnates · +1 outlets
Prediction Market Users Report 79% Loss Rate in US Survey
A US survey finds that 79% of prediction market users report net losses, raising questions about consumer protection and market fairness.
Crypto News · +8 outlets
Prediction Firms Flag Insider Traders, Many Face No Charges
The New York Times reports that prediction market firms are increasingly flagging suspected insider trading, but most cases do not lead to prosecution.
The New York Times · +14 outlets
Nate Silver's Model Shows Democrats Favorites to Flip Senate; Prediction Markets Disagree
Nate Silver's new election model makes Democrats the favorite to win Senate control, while prediction markets remain less confident in a Democratic flip.
benzinga.com · +1 outlets
Nevada Exits National Problem Gambling Group Over Its Deal With Kalshi
Nevada withdraws from the National Council on Problem Gambling after the group entered a partnership with Kalshi, citing concerns over prediction market regulat
Card Player · +8 outlets
Plus500 Prediction Markets Business Targets $140M Annualized Revenue
Plus500's prediction markets and futures business is on track for $140 million in annualized revenue, with non-OTC sales growing 30%.
Pulse 2.0 · +1 outlets