Polymarket resumes international trading after third-party breach; users to be reimbursed
A compromised third-party vendor let attackers drain user wallets, forcing the exchange to halt international trading before restoring it and promising repaymen
Reuters · +15 outlets
Utah files criminal charges against Kalshi and co-founders over gambling laws
The state's felony case escalates a multi-front fight over whether states or federal regulators govern prediction market event contracts.
Reason Magazine · +15 outlets
Kalshi raises $1B at $40B valuation, roughly doubling in five months
The round led by Sequoia and Wellington values the prediction market at $40 billion as it expands into crypto and single-stock perpetual futures.
Tech Funding News · +14 outlets
CFTC sues Utah to block its enforcement against Kalshi
The federal regulator argues it has exclusive authority over event contracts, setting up a preemption showdown with state gambling enforcement.
VitalLaw.com · +14 outlets
Coinbase Q3: prediction markets hit $200M annualized revenue as spot trading cools
Shares rose as the exchange reported prediction markets among its fastest-growing segments, offsetting a decline in crypto spot volume.
Moomoo · +13 outlets
SEC eyes insider trading and manipulation enforcement in prediction markets
The agency's scrutiny signals that event contracts face securities-style oversight as volumes and election betting grow.
Bloomberg.com · +6 outlets
Sens. Curtis and Warren press Kalshi and Polymarket over election markets
The bipartisan inquiry adds congressional pressure to the debate over whether political event contracts should be allowed.
The Hill · +4 outlets
DraftKings CEO calls prediction markets an 'extraordinary' opportunity
DraftKings joins the push into event contracts, positioning itself as a rival to Polymarket and Kalshi in sports betting.
CNBC · +8 outlets
Polymarket agrees to end Michigan sports event contracts by late November
The settlement with Michigan regulators removes sports contracts from the venue, illustrating state-by-state pressure on prediction markets.
https://www.ingame.com/ · +14 outlets
Polymarket investigates suspicious trades on Israel's election
The probe centers on whether traders with non-public information profited from election markets, a recurring concern for event-contract venues.
Bloomberg.com · +14 outlets
Australia's ASIC says prediction markets resemble banned binary options
The regulator warned retail clients away from event contracts and said no prediction market has applied to operate in the country.
Law360 · +10 outlets
Polymarket sues Louisiana over CFTC authority, joining suits against Missouri and Utah
The venue argues federal derivatives law preempts state gambling enforcement, mirroring Kalshi's legal strategy.
Betting News · +11 outlets
Robinhood cites prediction markets as growth driver as crypto revenue falls 55%
The brokerage points to prediction markets as a key expansion area while its crypto trading revenue declines sharply.
TradingView · +14 outlets
NYSE plans all-or-nothing options on Nvidia, Apple and Tesla as event volumes hit records
The exchange's push into binary-style equity contracts shows prediction market structures spreading into mainstream listings.
CryptoRank · +6 outlets
Phantom rolls out Kalshi-powered prediction markets to US users
The wallet integration expands distribution for Kalshi as crypto platforms race to add event-contract trading.
Binance · +14 outlets
Bernstein says prediction markets are entering an institutional era
The analyst note frames prediction markets as a maturing asset class drawing professional and institutional participation.
CoinMarketCap · +5 outlets
Polymarket US launches five-minute contracts on four major cryptocurrencies
The short-dated crypto markets mark a move deeper into high-frequency trading, drawing debate over settlement risk.
Casino.org
Rising concerns over political betting as election day nears
Commentators and advocacy groups question the accuracy and ethics of election event contracts as political volume grows.
KCBD