Crypto exchanges race into US prediction markets as token trading slumps
Major crypto exchanges are pushing event-contract offerings to US customers to offset a prolonged downturn in token trading revenue.
Kalkine Media · +10 outlets
Utah AG sues Kalshi and Susquehanna, seeking $30M-$60M in contract profits
Utah's attorney general alleges Kalshi's event contracts amount to illegal gambling, widening state-level scrutiny of prediction markets.
KuCoin · +8 outlets
Novig and Crypto.com sue Missouri in federal court over sports event contract crackdown
The platforms are asking federal courts to shield them from Missouri enforcement after the state ordered six operators to halt sports contracts.
Bonus.com · +14 outlets
CFTC moves to include prediction markets in the definition of 'swap'
The agency's proposed rule would place event contracts under federal swaps oversight, a key step in its jurisdictional fight with states.
Washington Times · +14 outlets
Missouri orders six platforms to halt sports event contracts or comply with state rules
Missouri's cease-and-desist campaign targets Polymarket, Kalshi and Robinhood among others, exposing fractured state and federal oversight of event contracts.
TOKENPOST · +14 outlets
Prediction markets top $6B in Sunday volume as Kalshi clears $4B twice
Record event-contract volume underscores how quickly the sector has scaled amid the regulatory fights.
RG.org · +1 outlets
Kalshi pitches brokers on a shared event-contract order book
Kalshi is courting brokerage distribution, arguing liquidity will decide which venue wins institutional event-contract flow.
TOKENPOST · +3 outlets
SEC labels prediction markets a major issue as federal scrutiny widens
The securities regulator's attention adds to CFTC and state-level pressure on event-contract venues.
CoinMarketCap · +3 outlets
Bitwise and GraniteShares file for election prediction ETFs
The filings would package election event contracts into exchange-traded funds, extending prediction markets into traditional asset management.
CoinMarketCap · +8 outlets
Crypto.com and OG.com partner with River Markets for institutional prediction markets
The deal routes OG.com event contracts to institutional traders through prime broker River Markets.
Crypto Economy · +6 outlets
Polymarket's US return intensifies competition for retail event-contract traders
Polymarket's re-entry into the US market reshapes a retail landscape already crowded with Kalshi and crypto exchange venues.
AMBCrypto · +11 outlets
Illinois court backs Kalshi in prediction market case
The ruling is a favorable procedural outcome for Kalshi as states press competing legal theories against event contracts.
CasinoBeats · +14 outlets
HOOD rises as analyst says market underappreciates the Robinhood story
Analyst commentary on Robinhood's expansion, including prediction markets, lifted the stock overnight.
TradingView · +6 outlets
Ohio prepares further legal action against prediction markets
Ohio joins a growing list of states taking enforcement steps against event-contract platforms, with Polymarket already litigating there.
Gambling News · +8 outlets
Webull to offer Bitcoin perpetual futures to more than 6 million clients
The brokerage is expanding derivatives access, adding perps alongside its prediction market ambitions.
TradingView · +10 outlets
Underdog sues Tennessee over prediction market crackdown
Another operator turns to the courts to challenge state enforcement against event contracts.
Betting News · +6 outlets
Google bans prediction market ads in Connecticut, its fifth such state
Ad platform restrictions add a distribution hurdle for event-contract operators in states where regulators have pushed back.
Casino.com · +1 outlets
Kalshi's $60,000 Dodgers hedge tests prediction markets as insurance
A large hedging position illustrates how event contracts are being used for risk transfer beyond speculation.
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