Polymarket paused trading after a compromised third-party provider let attackers drain user accounts, with traces of roughly $2.65 million in outflows, and said

Utah escalated its fight with Kalshi by charging the company and executives, including its CEO, with promoting illegal gambling, setting up a state-versus-feder

The funding round vaults Kalshi to a $40 billion valuation and comes as the venue expands beyond sports into financial and event contracts, with investors specu

The federal regulator's lawsuit argues event contracts fall under federal jurisdiction, a direct challenge to Utah's criminal case and part of a widening battle

The securities regulator is watching event contracts for fraud and manipulation, signaling another front in the regulatory pressure facing Polymarket and Kalshi

The investigation follows unusual betting patterns around the Israeli vote, part of rising scrutiny of whether prediction market traders have non-public informa

The bipartisan inquiry from Capitol Hill adds congressional pressure as prediction markets draw record volume on the midterms.

Kalshi's suit against Missouri's attorney general is the latest state-level legal clash over whether sports event contracts are gambling or federally regulated

Election contracts on the two venues have drawn large volumes and attention, raising questions about their influence on political coverage and betting.

Robinhood's leadership sees event contracts as a growth area and expects financial prediction markets to follow the sports boom.

The state's appeal escalates the jurisdictional fight over event contracts toward the nation's highest court.

The withdrawal is a concession to Michigan regulators and mirrors Kalshi's earlier pullback from state sports markets.

Event contract volume and options trading boosted Robinhood's results even as crypto revenue fell, reinforcing its pivot into prediction markets.

DraftKings is weighing how event contracts and crypto-based markets fit into its sportsbook strategy as the two models converge.

Local coverage notes gaps between market-implied odds and polling in key Senate and state races, underscoring the growing role of markets in election forecastin

The fast-settling contracts push Polymarket further into high-frequency crypto products, raising questions about oracle and settlement reliability.

Commentary and advocacy pieces warn that heavy election wagering could distort political coverage and invite a regulatory crackdown.

League officials are weighing integrity concerns and commercial interests as sports event contracts grow rapidly.