Utah's criminal action against the prediction market escalates the state-versus-CFTC fight over who can regulate event contracts, with the federal government no

Contracts on the two biggest prediction venues have converged on a Democratic sweep scenario, turning the midterms into the industry's highest-profile test of a

Hackers took about $2.7 million from Polymarket traders through a compromised DebugBear script, and the venue is reimbursing affected accounts.

The reported raise would make Kalshi one of the most valuable private market operators and underscores investor appetite for regulated event contracts.

Kalshi is asking courts to block state gambling enforcement, adding Missouri to a growing list of jurisdictional battles alongside New Jersey, Louisiana and Uta

The repeated extensions keep the New Jersey matter alive while the federal-state authority question over prediction markets remains unresolved.

Polymarket paused trading and said it would refund affected users after a compromised third-party analytics script drained roughly $2.7M from hundreds of wallet

Polymarket is reviewing dozens of newly created wallets that placed suspiciously timed bets on Israel's election, the latest integrity question for the platform

US senators asked the two prediction market operators to disclose how they police insider trading ahead of the midterms.

Traders kept using the platforms on Maryland elections even after state regulators moved to bar such contracts.

A single large holder took a six-figure position against Republican control of the House days before the midterms.

Kalshi and Polymarket contracts show Democrats favored to take both chambers as traders price the final stretch of the midterm campaign.

The round values Kalshi at roughly $40 billion and comes as the company faces mounting state regulatory challenges over its event contracts.

The charges mark the sharpest escalation yet in the state versus federal fight over who can regulate prediction market event contracts.

The multi-year deal is the first between an NBA franchise and a prediction market and drew immediate criticism over gambling's growing role in sports.

Kalshi is seeking injunctions in multiple states as part of its broader argument that the CFTC, not state gaming regulators, has jurisdiction over event contrac

The senators' inquiry adds congressional pressure on prediction markets ahead of the midterms over trading on nonpublic political information.

Kalshi's ban on candidates trading their own races came as a barred candidate, Mark Moran, publicly questioned who profits from political decision markets.

The volume shows prediction market users routing around state prohibitions on election wagering, raising the question of how such bans can be enforced.

Major outlets are pairing live results and race maps with prediction market prices as the midterms approach.

The inquiry follows a pattern of sharp late swings in political markets that has drawn scrutiny from regulators and researchers.

The piece questions whether market prices add real information over polling after several high-profile misses.

Market pricing on a Democratic-controlled Congress is running ahead of some forecasters, a gap analysts attribute to differing methodologies and user bases.

Experts warn that confident-looking odds can be mistaken for forecasts, a concern amplified as more users trade US elections.

The federal government's intervention escalates the jurisdictional conflict between Washington and states seeking to criminalize prediction market operations.

The CFTC chair signals the agency is prepared to litigate state-level enforcement against prediction markets up to the highest court.

Prediction market revenue is offsetting weakness in Robinhood's crypto trading business, underscoring the segment's growing importance to the brokerage.

The league's stance treats prediction market exposure as a gambling conflict for players, a sign of the friction between sportsbooks and event contracts.

Analysts raised Robinhood's price target citing traction in its prediction market business, sending shares higher.

Two outlets examine the sharp pullback in Robinhood shares and whether the valuation now presents an entry point.

Utah's prosecution of the prediction market and its founders is the first criminal action by a state against the industry, raising the stakes in the jurisdictio

Federal regulators argue the state case is preempted by federal jurisdiction over designated contract markets.

The round roughly doubles Kalshi's valuation and underscores how much sports event trading, not elections, now drives its volume.

Kalshi's federal suit in Louisiana is one of several parallel challenges to state gambling regulators' authority over event contracts.

Selig's pledge signals the agency will defend exclusive federal jurisdiction over event contracts all the way to the high court.

Missouri becomes the latest state Kalshi takes to federal court to preempt gambling enforcement against its event contracts.