PRDCT

what the crowd is pricing

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Top story Nearly $1.9 billion traded on US midterms across prediction markets, with Democrats favored to sweep Congress

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

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Kalshi's midterm trading tops $1.4 billion as traders bet on a Democratic sweep of Congress

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

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DraftKings, FanDuel and Fanatics scale back Utah prediction markets after Kalshi criminal charges

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

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Polymarket unit wins US industry group approval to operate as a futures broker

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

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Kalshi launches first US stock perpetuals as Wall Street pushes back

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

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Polymarket to halt Michigan sports prediction markets by November 25

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

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Sporttrade receives CFTC approval to enter prediction markets

Sporttrade secured CFTC clearance to launch event contracts, adding another regulated entrant to the prediction market field.

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Prediction market insider trading draws compliance scrutiny

Platforms and regulators are grappling with insider trading risk as election markets attract large volumes.

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Kalshi parlay taker losses top $1 billion

Combined losses on Kalshi parlay products have crossed $1 billion, underscoring the scale of retail activity on the venue.

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Prediction markets face bipartisan scrutiny in Washington after the midterms

Lawmakers from both parties are signaling oversight of prediction markets once election season ends.

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Sportradar says prediction markets drove 24% Q3 revenue surge

Sportradar credited prediction markets with a significant role in its third quarter growth as event contracts show up in earnings.

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Kalshi users wager $33 million on Michigan Senate race, with most bets on Abdul El-Sayed

Michigan's Senate market has drawn heavy volume on Kalshi, where Abdul El-Sayed's odds rose after Haley Stevens news.

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Illinois appeals after judge blocks state prediction markets law

Illinois is appealing a ruling that blocked its law restricting prediction markets, extending the state-level legal fight.

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Marex clears first institutional event contract transaction on Kalshi

Marex completed clearing of an event contract trade for a large financial institution on Kalshi, a step toward institutional participation.

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