Kalshi raises $1B Series G at $40B valuation, weighs possible IPO
The prediction market exchange says the round funds expansion beyond event contracts, including crypto and single-stock perpetual futures.
RG.org · +14 outlets
Utah files criminal charges against Kalshi and its co-founders over gambling laws
The state escalation marks the sharpest confrontation yet between prediction markets and state gambling regulators.
The Guardian · +14 outlets
CFTC sues Utah to block its enforcement action against Kalshi, citing federal preemption
The federal agency argues it holds exclusive authority over event contracts, a question its chair says could reach the Supreme Court.
VitalLaw.com · +14 outlets
Polymarket halts international trading after third-party breach, will reimburse users
A vendor supply-chain attack drained roughly $2.7M from hundreds of accounts before the exchange resumed operations.
Reuters · +14 outlets
Philadelphia 76ers become first NBA team to sign a partnership with Kalshi
The deal follows the NBA's approval of prediction markets and extends exchange branding into team-level sponsorships.
Sports Business Journal · +14 outlets
Coinbase says prediction markets are a $200M annualized business as Q3 net income jumps 66%
Coinbase reported prediction markets among its fastest-growing segments even as total Q3 net revenue fell 34%.
The Block · +12 outlets
DraftKings and FanDuel halt Utah sports event contracts, Fanatics to follow
Operators pulled back after Utah brought felony charges against Kalshi, signaling state-level legal risk for event contracts.
Sports Betting Dime · +4 outlets
Polymarket to end Michigan sports contracts by Nov. 25 under gaming board deal
The court settlement requires positions to be closed, a template for state-by-state retreats on sports event contracts.
TheLines.com · +14 outlets
Kalshi sues Missouri over state attempts to regulate its event contracts
The exchange's suit, joined with Polymarket and Nadex in related actions, tests state authority over prediction markets.
CDC Gaming · +14 outlets
SEC warns it is watching prediction markets for insider trading and manipulation
Regulators and lawmakers are examining whether event contracts create new insider-trading and fraud risks.
Bloomberg.com · +13 outlets
Polymarket confirms suspicious trading on Israeli election markets
The exchange is investigating trades flagged on its Israeli election contracts, adding to scrutiny of political market integrity.
Casino.org · +14 outlets
CNBC investigation examines suspicious trading on election contracts at prediction markets
The report details anomalous trades in political markets ahead of the midterms.
CNBC · +3 outlets
ASIC says prediction markets are not in the public interest for retail clients
Australia's securities regulator says the products resemble banned binary options, and no prediction market has applied to operate there.
Investment Executive · +14 outlets
NFL rules force Saquon Barkley to unload his stake in Polymarket
The league's gambling policy bars player equity in prediction market firms, underscoring tension between sports and event contracts.
iGaming Business · +5 outlets
WNBA opens the door to prediction market partnerships
The league is exploring deals after the NBA approved prediction market tie-ups, per Front Office Sports.
Front Office Sports · +5 outlets
Kalshi, Polymarket ramp up media partnerships ahead of the midterms
The exchanges are buying distribution through newsrooms, which use the odds while often keeping them off air.
Bloomberg.com · +2 outlets
Polymarket, Kalshi face their biggest accuracy test yet in the midterms
Election markets have grown into multimillion-dollar venues whose predictive record is now under public scrutiny.
The New York Times · +3 outlets
Semafor: prediction markets flop on recent elections
Analysis finds market odds diverged from actual results in recent contests, raising questions about calibration.
Semafor