A compromised third-party vendor drained about $2.5 million to $2.7 million from roughly 700 users, prompting a temporary global trading pause and raising secur

The funding round values the prediction market at roughly 40 billion dollars as it expands beyond event contracts, while analysts debate whether that valuation

State prosecutors charged the company and founders with felonies for allegedly violating Utah gambling law, and the CFTC chair said the agency is prepared to ta

Coinbase reported strong net income growth and a 200 million dollar annualized run rate for prediction markets even as overall net revenue fell, showing the pro

The deal marks the NBA's first direct tie-up with a prediction market and drew fan backlash, coming as the league and its teams navigate growing gambling scruti

The Michigan Gaming Control Board secured an agreement for Polymarket to withdraw sports contracts, part of a widening state-by-state regulatory push on predict

Polymarket paused its international exchange after a compromised outside vendor drained user accounts, then resumed trading and said affected users would be mad

Polymarket opened an investigation into suspicious trades tied to Israeli election contracts, including Netanyahu's Likud, after newly created accounts reported

A bipartisan pair of senators asked the two prediction market platforms to disclose how they police insider trading in election markets ahead of the midterms.

The two prediction market platforms are being scrutinized as their midterm election contracts become a multimillion-dollar market and a test of their forecastin

The SEC is examining manipulation and insider-trading risks in prediction markets as the sector grows.

Stablecoin issuers froze more than $2 billion tied to the Binance and Polymarket security incidents as crypto markets reacted.

The round, co-led by Sequoia and Wellington, values the prediction market operator at roughly twice its May mark and comes as it expands into crypto and single-

Utah prosecutors allege the platform illegally promoted and accepted sports wagers, escalating a state-by-state fight over prediction market jurisdiction.

The federal derivatives regulator argues it holds exclusive authority over event contracts, setting up a federal preemption showdown with states over prediction

The bipartisan letter questions how the platforms police insider trading and manipulation ahead of the midterm elections.

The suits assert federal preemption over state gambling laws after regulators moved to shut down its sports event contracts.

The deal puts a prediction market operator inside a major league franchise's sponsorship roster for the first time, amid ongoing debate over sports betting ties

The bipartisan letter asks the two largest prediction-market venues how they police trading on election outcomes ahead of the midterms.

Critics say prediction-market odds drifted from polls and missed recent elections, putting the venues' credibility on the line as voters head to the polls.

The report examines unusual trading patterns in election markets, adding to questions about market integrity days before Election Day.

The probe marks another integrity test for the platform as it expands into non-US political markets.

The funding round underscores how much capital is flowing into regulated event contracts as the midterms approach.

The venues are spending to embed their odds in news coverage and reach mainstream audiences before Election Day.

The funding round values the prediction market at roughly double its prior mark as it pushes into new derivatives products and takes on established exchanges.

The platforms argue prediction markets fall under CFTC jurisdiction rather than state gambling law, escalating a multi-front legal battle.

The criminal charges add personal legal exposure for Kalshi's leadership amid widening state challenges to prediction markets.

Prediction markets are becoming a key growth driver for Robinhood as crypto trading cools, though the stock has sold off sharply this year.

The withdrawal marks a state-level retreat for Polymarket as regulators press the question of whether sports event contracts are gambling.

Coinbase is pointing to event contracts as one of its fastest-growing segments even as broader trading revenue declines.

Utah's criminal case against Kalshi and its executives has become the sharpest front in the state-versus-federal fight over prediction market jurisdiction.

The CFTC's intervention escalates the federal-state conflict over whether event contracts fall under federal derivatives law or state gambling codes.

Kalshi is opening a new legal front against state regulators as it argues event contracts preempt state gambling rules.

Polymarket's retreat from Michigan marks a rare instance of a prediction market complying with a state gaming regulator's demand.

Polymarket's Louisiana suit parallels Kalshi's state-by-state litigation strategy over federal preemption of event contracts.

The exemption removes a compliance burden that would have applied derivatives-style reporting to event contracts.