Utah files criminal charges against Kalshi and its two co-founders
Utah's criminal case against Kalshi and co-founders Tarek Mansour and Luana Lopes Lara is the sharpest escalation yet in the state-versus-federal fight over pre
Startup Fortune · +14 outlets
CFTC Chair Selig says state fight over prediction markets will go to the Supreme Court
The CFTC chair's vow signals the agency intends to litigate federal preemption over event contracts all the way to the highest court.
Crypto Briefing · +14 outlets
Polymarket hack drains about $2.7 million from roughly 737 wallets via hijacked DebugBear script
A third-party script breach forced a trading halt and raised fresh questions about security at prediction market venues.
The Hacker News · +2 outlets
Midterms become an accuracy test for Polymarket and Kalshi after recent election misses
Analysts and reporters are scrutinizing whether prediction markets can beat polls and avoid the misses seen in prior elections.
The New York Times · +14 outlets
Coinbase Q3 net income jumps 66% as prediction markets pass $200M annual run rate
Prediction markets are becoming a meaningful revenue line for Coinbase even as crypto trading slows.
RG.org · +2 outlets
Senators Warren and Coplan probe election event contracts
Congressional scrutiny of suspicious election-contract trading is intensifying ahead of the midterms.
CDC Gaming · +5 outlets
Philadelphia 76ers become first NBA team to partner with a prediction market
The Kalshi deal lands as the NBA greenlights prediction markets and as gambling-related scrutiny grows.
Awful Announcing · +14 outlets
Kalshi asks federal judge to block Louisiana from enforcing gambling laws
Kalshi is expanding its preemption litigation beyond Utah and Missouri into additional states.
AOL.com · +7 outlets
Kalshi sues Missouri over attempts to regulate the prediction market
Missouri becomes another state where Kalshi is using federal court to challenge local gambling enforcement.
KCUR · +14 outlets
Prediction markets bring Robinhood $173 million as crypto revenue slumps
Event contracts are now among Robinhood's fastest-growing products, offsetting weakness in crypto trading.
CryptoSlate · +13 outlets
DraftKings and FanDuel halt Utah sports event contracts, Fanatics to follow
Sportsbooks are retreating from Utah markets after the state's criminal charges against Kalshi.
Sports Betting Dime · +8 outlets
Polymarket probes suspicious last-minute bets on Netanyahu election win
The inquiry adds to a pattern of suspicious trading scrutiny at prediction venues.
Haaretz · +4 outlets
DraftKings CEO discusses the rise of prediction markets as shares climb
Analysts and the company debate whether event contracts are a bigger opportunity or threat to sports betting.
CNBC · +3 outlets
Prediction markets pose insider trading risks for private biotechs
Event contracts on private drug developers raise concerns about trading on material nonpublic information.
Pharmaceutical Technology · +3 outlets
Kalshi valuation questioned at $40 billion
SBC Americas questions whether Kalshi's reported valuation matches its current revenue base.
SBC Americas · +14 outlets
Suspicious Ballon d'Or bets returning £149,000 under investigation
The case highlights insider-trading risk in sports and culture markets.
The Guardian · +6 outlets
Aries launches prediction markets through ForecastEx
The brokerage's new offering adds another regulated venue for event contracts.
PR Newswire · +1 outlets
Kalshi wants a 1958 onion law repealed
The obscure statute bars onion futures trading and Kalshi sees it as a precedent against event contracts.
The New York Times