Prediction Markets
Coinbase AI draws backlash after erroneously publishing World Cup result before kickoff
CEO Brian Armstrong investigated, and the firm said it made updates to prevent future AI-generated inaccuracies.
Kalshi and prediction market sector embroiled in mixed bag of legal fights across U.S.
Some of the many battles with state gaming regulators aren't going well for the industry at the moment, but it isn't without its would-be government protectors.
EU moves to block retail investors from explosive boom of multibillion-dollar prediction markets
The region's regulators emphasized that a product's actual function as a derivative matters more than its commercial name or labeling when assessing compliance.
Mysterious Solana project World unveiled as fully onchain prediction market
The platform is now live within the Phantom wallet and at world.xyz, utilizing Chainlink as its primary oracle infrastructure for market data.
Kalshi and Polymarket could become M&A targets as prediction markets consolidate: Bernstein
The broker said operational consolidation is blurring the lines between exchanges, brokerages and sportsbooks, creating conditions for acquisitions across the prediction market ecosystem.
Does the Clarity Act have a human trafficking blind spot?
CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open with two hot topics: Coinbase's SEC-registered AI agentic trading launch and tribal gaming operators' letter to Senators Thune and Schumer demanding that the CLARITY Act include a prohibition on prediction markets. Then Katie Boller Gosewisch, Executive Director of the Alliance to End Human Trafficking, joins to challenge CLARITY's Section 604, arguing that shielding DeFi developers from money-transmitter liability creates a "duty of care" gap that traffickers can exploit. Plus, Rebecca and Renato close by naming Meta as their Person of the Week for its reported move into points-based prediction markets.
Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket
The prediction market operator, which is eyeing a potential public debut in 2027, could close a new funding round in Q3, according to a Financial Times report.
Cboe revives S&P 500 binary options, chasing a market popularized by Polymarket, Kalshi
One of the largest U.S. derivatives exchanges is bringing back yes/no bets on the S&P 500 after pulling them a decade ago, moving onto turf that Polymarket and Kalshi turned into one of the internet's fastest-growing corners.
Meta is developing a prediction market app called ‘Arena’ as sector booms: NYT
The app would let users forecast future events using a points-based system rather than cash wagers, the report said, citing people familiar with the matter.
Schwab to join prediction markets race with S&P 500 event-based options: WSJ
The planned offering would let customers bet on index moves as Coinbase and Robinhood expand in the sector.
