CFTC Chair Selig vows to take state fight over prediction markets to the Supreme Court
Federal regulators are escalating their clash with states that seek to prosecute event-contract venues, with Utah felony charges against Kalshi founders drawing
Crypto Briefing · +14 outlets
Polymarket resumes trading after third-party security breach, will reimburse affected users
A vendor script hack drained about $2.7M from roughly 700 users and forced a temporary halt to international trading, a test of operational security for the sec
Reuters · +14 outlets
Kalshi valuation hits $40 billion as sports contracts fuel prediction market boom
The reported valuation marks a step change in how investors price private prediction market venues, which remain unlisted.
Legal Sports Report · +6 outlets
Sixers sign multi-year Kalshi deal, becoming first NBA team to partner with a prediction market
The NBA team tie-up follows league-level approval and signals sports franchises moving toward event-contract sponsorship dollars.
RG.org · +14 outlets
Robinhood says prediction markets drove $173 million as crypto revenue slumped
Event contracts are becoming a core growth line for the brokerage even as its digital-asset take rate falls.
CryptoSlate · +8 outlets
Coinbase Q3: prediction markets pass $200M annualized run rate as net revenue drops 34%
The exchange's event-contract business is growing even as its broader crypto revenue declines, making it a key diversification story.
RG.org · +9 outlets
Senators press Kalshi and Polymarket over election event contracts
Bipartisan scrutiny of election markets adds congressional pressure alongside state and federal regulatory fights.
The Hill · +14 outlets
WSJ and NYT warn prediction markets face a midterm accuracy test after election misses
Several outlets report that markets whiffed on recent elections, raising questions about their reliability on US midterms.
The New York Times · +3 outlets
DraftKings and FanDuel halt Utah sports event contracts, Fanatics expected to follow
Operators are pulling back from Utah after state felony charges against Kalshi executives raised legal risk.
Sports Betting Dime · +8 outlets
Polymarket to halt sports contracts in Michigan after gaming board agreement
A state-by-state deal shows prediction venues carving out sports products to avoid gambling enforcement.
TheLines.com · +14 outlets
Kalshi takes Missouri to court over state attempts to regulate the prediction market
Another state-level legal front for Kalshi as it argues federal jurisdiction over event contracts.
STLPR · +14 outlets
Australia's ASIC says retail prediction markets are not in the public interest
Australia's securities regulator is questioning whether retail access to event contracts should be permitted at all.
TOKENPOST · +12 outlets
Polymarket probes suspicious last-minute bets on Netanyahu election win
Suspicious flow into an Israeli election market raises insider-trading questions for the platform.
Haaretz · +5 outlets
CFTC clears prediction markets of swap reporting requirements
The exemption reduces compliance burden for event-contract venues and firms on the federal side of the ledger.
CoinMarketCap · +9 outlets
Kalshi and Polymarket show Democrats leading House and Senate: 12 key Senate races
Market pricing on the 2026 midterms has Democrats favored in both chambers, per a survey of key races.
Benzinga · +14 outlets
SEC warns prediction markets on insider trading risk
Regulators flag insider-trading exposure for private-sector and biotech event contracts.
Bitcoinist.com · +13 outlets
Underdog seeks to halt Washington state prediction market enforcement
A second operator joins the legal fight against state regulators asserting authority over event contracts.
Law360