Kalshi raises $1B at $40B valuation, expands beyond prediction markets into perps
The round values Kalshi at roughly double its prior mark and funds expansion into crypto and single-stock perpetual futures, putting it in competition with CME
Reuters · +14 outlets
Polymarket, Kalshi and Crypto.com sue Louisiana, Missouri and Utah over state rules
The filings press the claim that event contracts belong under federal CFTC jurisdiction rather than state gambling law, and the CFTC separately sued Utah to blo
RG.org · +12 outlets
Robinhood crypto revenue falls 55% as prediction markets drive growth
Prediction market volumes are offsetting a steep decline in crypto trading revenue, with executives signaling less interest in sports than rivals.
TradingView · +14 outlets
Coinbase says prediction markets are among fastest-growing segments, at $200M annualized
The disclosure came alongside a 34% drop in Q3 net revenue, underscoring how much the exchange is leaning on event contracts for growth.
Casino.org · +4 outlets
NYSE plans all-or-nothing options on Nvidia, Apple and Tesla as prediction market volumes hit records
The exchange's binary-style product echoes event-contract mechanics and arrives as prediction platforms post record trading activity.
CryptoRank · +5 outlets
Brazil bans Polymarket, Kalshi and 25 other prediction platforms
The move extends a global regulatory crackdown on event-contract venues beyond the US.
CoinMarketCap · +7 outlets
Kalshi and Polymarket reach record October volumes ahead of midterms
Kalshi booked $65 billion in October trading while Polymarket US set records, reflecting election-driven activity.
Coinpaper · +12 outlets
Polymarket to withdraw sports event contracts from Michigan by Nov. 25
Polymarket is pulling state-regulated sports markets rather than fight Michigan's gaming rules directly, a retreat from one of its largest contract categories.
Gaming Intelligence · +14 outlets
NBA names Kalshi and Polymarket preferred prediction market exchanges
The league endorsement signals deepening ties between major sports properties and event-contract venues.
CryptoDaily · +14 outlets
DraftKings CEO sees extraordinary upside in prediction markets as venue rivals Kalshi and Polymarket
The comments signal sportsbooks intend to compete directly in event contracts rather than cede the category.
BeInCrypto · +1 outlets
Phantom rolls out Kalshi prediction markets to all eligible US users
The wallet integration pushes event contracts into mainstream crypto consumer apps.
Altcoin Buzz · +14 outlets
Polymarket launches 15-minute gold and silver markets
The metals contracts extend Polymarket's push beyond sports and politics into short-dated commodities trading.
FinanceX Magazine · +9 outlets
CFTC discusses prediction market oversight at NEXTPredict
The regulator's public discussion comes amid active litigation over whether event contracts fall under federal or state authority.
Casino.com · +7 outlets
Polymarket Bitcoin up-or-down 15-minute markets go live
Short-dated crypto contracts mark another product category where prediction venues overlap with derivatives exchanges.
USA Today · +10 outlets
LBank launches pre-IPO market with tokenized Kalshi-linked assets
Tokenized exposure to a private prediction market company adds a new structure to crypto exchanges' pre-IPO listings.
FF News · +4 outlets
No prediction market has applied to operate in Australia, regulator says
The financial regulator's statement suggests event-contract venues have yet to seek licensing in that market.
Finance Magnates · +8 outlets
Broadridge extends CQG multi-asset offering with Kalshi
The integration brings event contracts into established institutional trading infrastructure.
TradingView
Section 1256 tax treatment never mentions Kalshi or Polymarket
The tax break covering futures and index options leaves event contracts in an unclear tax position.
24/7 Wall St. · +1 outlets