Nearly $1.9 billion traded on US midterms as prediction markets price a Democratic sweep
Trading volume for the 2026 midterms has roughly doubled from the 2024 cycle's election markets, with Kalshi and Polymarket both showing Democrats favored in th
The Washington Post · +15 outlets
Kalshi projects Democratic winners across Senate and governor races on election night
Kalshi's state-by-state projections include Democratic flips and holds from Ohio and Texas to Georgia and Maine, giving traders a running scoreboard as results
Kalshi News · +12 outlets
New Jersey takes prediction market legal battle to the Supreme Court
States and platforms are heading toward a high court ruling on whether event contracts fall under federal or state gambling authority.
The National Law Review · +12 outlets
DraftKings, FanDuel and Fanatics pull prediction markets from Utah after Kalshi charges
Operators exited the state after Utah filed criminal charges against Kalshi, escalating the state-versus-federal regulatory fight.
Yogonet · +14 outlets
Polymarket unit approved as futures broker by US industry group
The approval marks a step toward regulated US futures market access for the prediction platform's brokerage arm.
Reuters · +14 outlets
Democrat Annie Andrews wins South Carolina Senate race, defying prediction market odds
The South Carolina result was the main miss for both Kalshi and Polymarket, which had priced the race for the Republican before polls closed.
Kalshi News · +5 outlets
Kalshi introduces new security measures to combat insider trading
The exchange is tightening surveillance as scrutiny grows over trading on non-public information in event contracts.
Reuters · +13 outlets
Apple formally bans employees from trading prediction markets using confidential information
The company updated its insider trading policy amid a broader industry push to curb information edges in event contracts.
9to5Mac · +10 outlets
Second Circuit denies Kalshi and Coinbase enforcement shields
The ruling leaves both firms exposed to enforcement action while their regulatory jurisdiction remains unsettled.
Law360 · +6 outlets
Hedge funds bet on Kalshi as prediction markets draw institutional money
Funds are adding event contract exposure as the platforms broaden beyond election and sports trading.
Institutional Investor · +14 outlets
Robinhood earnings power on prediction trades far exceeds stock trades, report says
The analysis highlights how much more revenue event contracts can generate per trade for retail brokerages.
Coinpaper · +8 outlets
Illinois appeals after judge blocks state prediction markets law
The appeal extends the patchwork of state litigation over who may regulate event contracts.
SBC Americas · +14 outlets
DraftKings faces mounting competition in prediction markets
The sportsbook's event market push is being tested by rivals and by DraftKings' own celebrity-backed marketing campaign.
The Motley Fool · +14 outlets
Sporttrade granted CFTC approval as DCM and DCO for prediction market launch
The sports betting operator joins a growing list of firms seeking federally regulated event contract venues.
Sports Betting Dime · +11 outlets
Tribal gaming industry warns prediction markets threaten sovereignty
Tribal operators argue the platforms erode the compact-based exclusivity that underwrites their gaming revenue.
NPR Las Vegas · +14 outlets
Election trading stagnates on prediction markets after the 2024 boom
Volumes and product variety are shifting beyond binary election contracts as the cycle matures.
Bloomberg.com · +14 outlets
Marex clears first institutional event contract trade on Kalshi
The clearing milestone signals institutional plumbing is being built around event contracts.
Marex · +1 outlets
Bernstein says prediction markets are entering an institutional era
The brokerage argues event contracts are moving from retail novelty toward a durable institutional asset class.
CoinMarketCap · +1 outlets