Prediction Markets


Finance

Polymarket points to third-party login tool after users report account breaches

The platform attributed the incident to a third-party login provider, which several users speculated was Magic Labs, a popular tool for email-based logins.

Glasses in front of monitors with code (Kevin Ku/Unsplash/Modified by CoinDesk)

Finance

Coinbase agrees to buy The Clearing Company to deepen prediction markets push

The deal brings a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.

Coinbase CEO Brian Armstrong speaking to House Speaker Mike Johnson on July 18, 2025. (Jesse Hamilton/CoinDesk)

Finance

Prediction markets beat Wall Street in forecasting inflation, Kalshi says

Kalshi's markets aggregate information from diverse traders with financial incentives, creating a "wisdom of the crowd" effect, the platform said.

Kalshi website on a laptop.

Markets

Prediction markets may offer a tax loophole for gamblers under Trump’s Big Beautiful Bill, Coinbase says

A tax change in Trump’s Big Beautiful Bill may steer gamblers toward blockchain-based prediction markets to reduce their IRS bill, Coinbase said.

(Aidan Howe/Unsplash)

Markets

DraftKings enters prediction markets with CFTC-approved app for real-world events

The sports-betting giant enters the growing world of event contracts with CFTC-registered DraftKings Predictions in 38 states.

(Cheng Xin/Getty Images)

Policy

Coinbase files lawsuits in 3 states over attempts to regulate prediction markets

The crypto exchange is taking legal action against Connecticut, Michigan and Illinois, Chief Legal Officer Paul Grewal wrote on X.

Coinbase CEO Brian Armstrong speaking to House Speaker Mike Johnson on July 18, 2025. (Jesse Hamilton/CoinDesk)

Markets

Robinhood looks better placed than Coinbase for prediction-market upside, Mizuho says

Robinhood stands to gain more from prediction markets than Coinbase as users plan to deploy fresh capital rather than sell existing crypto, the bank said.

Robinhood logo on a screen

Markets

Prediction Markets Are Quietly Turning Into a New Asset Class, Citizens Says

The bank said event markets are still tiny versus stocks but are rapidly expanding beyond sports into macro and policy risk.

Hands rest on the keyboard of a laptop showing trading graphs, data. (Unsplash, Kanchanara)

Finance

Prediction Markets Are Coming to Phantom's 20M User Via Kalshi

Phantom users will be able to chat and trade Kalshi's prediction markets with any Solana-based tokens, CEO said.

Kalshi will have a prediction contract weighed by the Commodity Futures Trading Commission. (Jesse Hamilton/CoinDesk)

Policy

CFTC Gives No-Action Leeway to Polymarket, Gemini, PredictIt, LedgerX Over Data Rules

The CFTC granted the operators of Polymarket, PredictIt, Gemini and LedgerX permission to skip certain recordkeeping requirements.

Shayne Coplan, founder and CEO of Polymarket (CoinDesk/Jesse Hamilton)