Midterm trading volume on Kalshi and Polymarket is setting records as markets price heavy Democratic odds, a key test of whether prediction markets beat traditi

Kalshi says midterm volume passed $1.4 billion, with users heavily positioned on Democrats taking both chambers.

Multiple sportsbook operators are pulling or pausing Utah prediction market offerings following criminal charges against Kalshi in the state.

An industry organization approved a Polymarket unit to act as a futures broker, advancing the platform's US regulated footprint.

Kalshi began offering perpetual futures tied to US equities, drawing objections from established Wall Street firms.

Polymarket is winding down Michigan sports markets, the latest venue to retreat amid state-level pressure on event contracts.

The National Futures Association approved Polymarket's PM Derivatives unit as a futures commission merchant, a regulatory step that lets the company offer fully

Midterm volume on platforms such as Polymarket and Kalshi has set a record for a US election cycle, with Democrats favored in both chambers.

The senators' letters press the two prediction markets to show that election odds are not being manipulated or gamed by insiders days before the midterms.

A compromised vendor script drained about $2.7 million from users; the company is refunding $3.9 million and firms have cited a DNS hijack in the incident.

The reported fundraising would value the private prediction market company at roughly triple the level of its last round.

The case is one of several insider trading probes now testing compliance controls at prediction markets, which argue their survival depends on catching such tra

The $40B post-money valuation roughly doubles Kalshi's prior mark and comes days after Utah filed criminal charges against the company and its founders.

The Utah case is the most aggressive state action yet in the jurisdictional fight over who can regulate event contracts.

Traders' Senate probabilities diverged sharply from close polling in several battleground states.

The senators raised manipulation and insider-trading concerns just days before the midterm vote.

A sweep of the battlegrounds would represent a larger Democratic gain than most public polling averages implied.

Rivals exiting Utah signals that the state's criminal action is rippling across the sector, not just Kalshi.

Trading volume on Kalshi and Polymarket has scaled from a niche 2024 experiment to a multi-billion-dollar election event, drawing mainstream media and financial

With Election Day live, forecasters and academics are watching whether market prices beat polls on House and Senate control after a string of high-profile misse

Kalshi and Polymarket contracts have moved sharply toward Democrats in the final days of the campaign, with Senate odds jumping on Election Day.

Bloomberg and others report that despite record dollar totals, election-specific activity is growing slower than sports and crypto contracts on the same platfor

A court declined to block Wisconsin's rule forcing election traders to choose between voting and holding prediction market positions, and state officials warn v

Lawmakers want the platforms to show how they detect manipulation and insider trading in election contracts ahead of the vote.

Utah's suit and criminal charges against Kalshi prompted DraftKings, FanDuel, Fanatics and Robinhood to scale back or halt event contracts in the state, the sha

Analysts attribute Robinhood's steep share decline to weaker crypto trading revenue and legal risk around its prediction market push.

CFTC clearance lets Sporttrade become a federally regulated exchange and clearinghouse for event contracts, expanding the regulated US prediction market field b

The regulatory fight over event contracts turns on classification, which determines whether platforms fall under CFTC oversight or state gambling law.

An analysis of Robinhood's unit economics shows event contracts generating far higher revenue per trade than equities, underscoring why the brokerage pushed int

Nasdaq's plan to list economic-data event contracts would bring prediction markets into mainstream exchange territory, targeting macro hedging rather than sport

Utah's criminal case against the prediction market operator is the most aggressive state action yet against Kalshi, which argues it is federally regulated.

The federal derivatives regulator is siding with Kalshi in arguing that state gambling enforcement is preempted by CFTC jurisdiction.

Operators exited Utah en masse as the state's criminal case against Kalshi raised legal risk for regulated sportsbooks offering event contracts.

The state is fighting an injunction that halted its plan to regulate event contracts as sports betting, a case that could shape how states oversee the sector.

The procedural delay extends the timeline for a case that could determine whether federal commodities law preempts state gambling rules on event contracts.

The sponsorship marks prediction markets moving further into mainstream sports marketing even as regulators push back in several states.