Prediction Markets


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)

Finance

Polymarket Hiring In-House Team to Trade Against Customers — Here's Why It's a Risk

The prediction market’s move toward internal market making could blur the line with sportsbooks and undermine the platform’s neutrality, experts warn.

Polymarket CEO Shayne Coplan (Polymarket)

Markets

CZ Teases New BNB Chain Native Prediction Market Predict.Fun

Predict.fun aims to fix prediction markets’ biggest inefficiency, user funds sitting idle for weeks or months without earning yield, while tapping the large userbase of BNB Chain.

Binance co-founder Changpeng "CZ" Zhao

Policy

Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting

The state issued cease-and-desist orders to the firms to stop conducting "unlicensed online gambling" via their sports events contracts.

Crypto.com (Jesse Hamilton/Coindesk)

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Markets

Fanatics Enters Prediction Markets With App Live in 10 States

Sport clothing and collectibles giant Fanatics has launched Fanatics Markets, letting users trade outcomes of sports, politics and more — with crypto and IPO bets coming by 2026.

CoinDesk

Markets

CNN to Use Kalshi Prediction Markets Across Its News Coverage

The deal brings market-implied probabilities into CNN’s newsroom and introduces a Kalshi-powered ticker for segments that rely on event contracts.

(Jesse Hamilton/CoinDesk)

Finance

Kalshi Raises $1B at $11B Valuation as Prediction Market Race Heats Up

Kalshi secures a massive funding boost led by Paradigm, widening its lead over Polymarket as trading volumes surge and both platforms pursue fresh capital.

(Jesse Hamilton/CoinDesk)

Finance

Kalshi Launches Tokenized Event Bets on Solana Blockchain: CNBC

The prediction market is rolling out tokenized contracts on Solana to meet crypto traders where they already are, Kalshi told CNBC.

(Jesse Hamilton/CoinDesk)

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Policy

State of Crypto: Kalshi and Prediction Markets Face a Setback

The court cases will continue for the moment.

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

Markets

Robinhood Makes Prediction Market Push With Purchase of Former FTX Platform LedgerX

Wall Street research firm Bernstein said the move — which Robinhood made in conjunction with market-making giant SIG — raises the stakes for competitors like Polymarket and Kalshi.

Robinhood logo on a screen