Kalshi's new funding round values the private prediction market at $40B, a test of whether event contracts can grow beyond sports betting after estimated Q3 ind

Lawmakers asked the two largest prediction markets to show their election odds are not tainted, days before the midterm vote.

The suspensions come as insider trading and self-dealing concerns mount over prediction markets tied to elections.

Illinois is challenging a ruling that blocked enforcement of its prediction market restrictions, part of a widening state-by-state legal fight.

Operators pulled out of Utah after charges against Kalshi, while Kalshi continues to fight the state's crackdown in court.

Kalshi and Polymarket odds favor Democrats on the eve of the midterms, diverging from some late polling and models.

Polymarket said it will reimburse users after a third-party provider breach hit the platform, raising custody and security questions.

Analysts and media question whether prediction market pricing can be trusted given past election misses, with the midterms framed as a reputational stress test.

Kalshi's volume lead over Polymarket widened ahead of the midterms, shifting the competitive balance between the two venues.

The hire reflects prediction markets' growing need for Washington influence as federal scrutiny of election contracts increases.

Large sums traded on Maine races have raised questions about influence and possible insider activity in state-level markets.

Litigation across multiple states is heading toward appellate courts and possibly the Supreme Court, defining how event contracts are regulated.

The debate over whether event contracts are gambling or financial trading continues to shape regulation and industry positioning.

Traditional sportsbooks retained share even as event-contract platforms posted rapid growth, according to September industry data.

Both platforms ramped up advertising and celebrity-backed media buyouts, drawing criticism over marketing of event contracts.

The exchange's proposed economic event contracts would extend prediction markets into macro data beyond sports and politics.

Prediction market pricing on the Texas races diverges from close polling, including the governor's race where Abbott remains favored.

Legal threats to prediction markets add to pressure on Robinhood shares already hit by weaker crypto trading revenue.