Sixth Circuit rules states can regulate Kalshi's sports event contracts as gambling
The 6th Circuit's ruling that federal commodities law does not preempt Ohio and Tennessee gambling statutes widens a circuit split and exposes Kalshi to state e
tokenpost.com · +15 outlets
New York sues Polymarket as an unlicensed gambling operation; Polymarket sues back
The state action targets Polymarket's sports and event contracts, and the company countersued, escalating the legal fight over prediction market jurisdiction.
wccbcharlotte.com · +14 outlets
Kalshi seeks $40B valuation, extending lead over Polymarket
The reported fundraising target would roughly double the exchange's prior valuation and reflect its dominant share of prediction market volume.
CoinMarketCap · +3 outlets
Google security engineer charged with insider trading on Polymarket to make $1M
The case is among the first criminal insider trading charges tied to prediction market wagers built on confidential information.
CNBC · +6 outlets
Kalshi introduces new security measures to combat insider trading
The crackdown follows reports of a soldier allegedly winning $400,000 on a market tied to Maduro's capture and similar suspicious trades.
WSJ · +13 outlets
Polymarket weekly US trading volume tops $4B as it gains ground
Rising volume shows Polymarket expanding in the US market despite ongoing state litigation over its contracts.
Yahoo Finance · +1 outlets
Robinhood event contracts revenue surges; prediction markets drive $156M
Event contract revenue has become one of Robinhood's fastest-growing businesses even as its legal footing faces court challenges.
ReadWrite · +6 outlets
CFTC opens public comment on prediction markets rules
The agency's rulemaking and a separate advisory on mention-market contracts signal heightened federal scrutiny of event contract design.
CoinMarketCap · +14 outlets
35% of bettors are leaving sportsbooks for prediction markets, echoing DraftKings' regulatory loophole
Survey data indicates a meaningful share of sportsbook customers shifting to event contract venues, pressuring legacy operators.
Yahoo! Finance Canada · +4 outlets
Bernstein says prediction markets are entering an institutional era
The research note frames growing bank and institutional involvement as the next phase of the prediction market sector.
CoinMarketCap · +10 outlets
Morgan Stanley joins NEXTPredict in first for a major bank
The move marks a large Wall Street bank engaging directly with prediction market infrastructure as the sector courts institutional money.
Yahoo Finance · +2 outlets
DraftKings dips as adjusted data narrows Kalshi's prediction market lead; Robinhood and Flutter slip
Investors are weighing how much prediction market competition erodes sportsbook economics at DraftKings and Flutter.
Yahoo Finance · +4 outlets
Polymarket claims 97% of prediction market fees after pricing change
The fee share shift underscores intensifying competition between Polymarket and Kalshi over trading economics.
CoinMarketCap · +14 outlets
Lawmakers say US Supreme Court ought to weigh in on prediction markets
With circuits splitting, legislators are calling for Supreme Court resolution of who regulates event contracts.
Gambling News · +14 outlets
NCPG warns prediction markets pose gambling risks
The National Council on Problem Gambling warns that event contracts carry addiction risks comparable to sports betting.
sigma.world · +8 outlets
Prediction markets face a new federal safety push
Federal attention to consumer protection in event contracts is increasing alongside state litigation.
ReadWrite · +14 outlets
Kalshi's backroom tax victory gives it leverage in legal fights
A favorable tax treatment is reported to strengthen Kalshi's position as it contests state gambling regulation.
Bloomberg
CFTC advisory requires heightened scrutiny for mention market contracts tied to individual actions
The guidance targets contracts that pay out on whether a specific person says or does something, a category regulators see as manipulation prone.
SCCG Management