Kalshi raises $1B at $40B valuation, expands beyond prediction markets into crypto and stock perps
The round values the CFTC-regulated exchange at roughly $40 billion as it moves into perpetual futures on crypto and single stocks, positioning it against CME a
Reuters · +11 outlets
Robinhood Q3 beats on record trading volumes but crypto revenue falls 55%, stock drops 7%
Prediction markets were the growth engine as crypto trading revenue collapsed, and Mizuho kept a $130 price target even as shares slid.
Yahoo Finance · +14 outlets
Polymarket, Kalshi, Crypto.com and Nadex sue Louisiana, Missouri and Utah over prediction market rules
The suits test whether federal event-contract regulation preempts state gambling laws, with Missouri and Utah pushing back through their own orders.
RG.org · +8 outlets
CFTC sues Utah to block its event-contract enforcement; Utah AG files criminal charges against Kalshi co-founders
The federal agency seeks to establish preemption over state gambling enforcement while Utah charged Kalshi's co-founders with felony gambling counts.
VitalLaw.com · +14 outlets
NBA names Kalshi and Polymarket preferred prediction market exchanges
The league partnership gives the two platforms official standing in NBA markets and signals growing sports-league acceptance of regulated event contracts.
CryptoDaily · +14 outlets
Kalshi hits $65B in October trading volume as Polymarket US sets records ahead of midterms
Record volumes on both venues underscore how much political and sports event contracts have grown into mainstream trading activity.
Coinpaper · +1 outlets
DraftKings CEO sees extraordinary upside in prediction markets as Polymarket and Kalshi get a rival
The sportsbook operator is positioning itself as a competitor in event contracts and crypto-linked products.
BeInCrypto · +5 outlets
Brazil bans Polymarket, Kalshi and 25 other prediction platforms
The move adds a major market to the list of jurisdictions restricting offshore prediction market access.
CoinMarketCap · +14 outlets
Polymarket to withdraw sports event contracts from Michigan by Nov. 25
The platform is pulling state sports markets rather than fighting Michigan regulators directly, a contrast with its litigation elsewhere.
Gaming Intelligence · +14 outlets
Kalshi sues Missouri instead of complying with state cease-and-desist order
The exchange chose litigation over withdrawal, arguing state sports prediction market rules are preempted by federal law.
SBC Americas · +13 outlets
Phantom rolls out Kalshi prediction markets to all eligible US users
The wallet integration puts event contracts in front of crypto-native retail users two days after the CFTC sued Utah.
Altcoin Buzz · +14 outlets
NYSE plans all-or-nothing binary options on Nvidia, Apple and Tesla as prediction market volumes hit records
The exchange's push into binary payoffs shows mainstream market venues borrowing structures popularized by prediction markets.
CryptoRank · +7 outlets
Robinhood says it is working to get off Kalshi and sees sports becoming commoditized
Executives signaled less enthusiasm for sports event contracts and more interest in financial prediction markets.
Gaming America · +14 outlets
Robinhood users traded more than 16 billion contracts in Q3
The contract volume figure highlights how large the retail options and event-contract business has become alongside the crypto slump.
GamingToday · +14 outlets
Australia's financial regulator says no prediction market has applied to operate there
The statement pushes back on expectations that offshore platforms are actively seeking Australian licensing.
TradingView · +13 outlets
Broadridge extends its CQG multi-asset offering with Kalshi
The integration brings prediction market data and connectivity into an institutional trading infrastructure stack.
TradingView · +6 outlets
CFTC discusses prediction market oversight at NEXTPredict
Regulators used the industry event to outline their approach to event-contract supervision amid mounting state litigation.
Casino.com · +1 outlets
Former NBA player Malik Beasley reaches plea deal in betting scandal
The case is one of the highest-profile prosecutions tied to sports betting integrity since federal probes expanded.
Casino.com