Prediction Markets

Prediction Markets

Policy

Trump praises prediction markets, defends CFTC as court cases compound

U.S. President Donald Trump said it was "critically important" that the CFTC keep "exclusive authority" over prediction markets, echoing CFTC Chair Michael Selig.

U.S. President Donald Trump  (Jesse Hamilton/CoinDesk)

Policy

Spain joins growing list of countries shutting out Polymarket and Kalshi

The platforms were blocked for operating without licenses required by Spanish gambling law, citing a lack of safeguards for minors and self-excluded gamblers.

Kalshi website shown on a laptop.

Policy

Congress hits Polymarket and Kalshi with a massive insider trading probe

Rep. James Comer is demanding internal records from the prediction market CEOs, warning that government employees could be using classified information to make “huge profits”.

congress. (Shutterstock)

Markets

India cracks down on prediction markets: Polymarket goes dark, Kalshi could be next

Polymarket has gone dark in India and as per local media reports, Kalshi could be next.

India's flag (Naveed Ahmed / Unsplash)

Finance

Crypto prediction markets are turning into dangerous national security risks, and Congress wants to ban them

Bubblemaps investigators led by Nicolas Vaiman, discovered 80 bets on Polymarket with a 98% win rate that he said is statistically impossible to achieve.

Bubblemaps CEO and Founder Nicolas Vaiman. (Bubblemaps)

Policy

U.S. CFTC secures deal with National Hockey League on prediction market safeguards

A new arrangement has been set between the derivatives regulator and professional hockey, following on the heels of a similar baseball agreement.

San Jose Sharks' Macklin Celebrini (right)

Policy

Prediction markets firms take heat in Senate Commerce hearing scrutinizing surge

Sports betting on firms such as Kalshi was the focus of questions over advertising to children, cheating from athletes and undermining regulated gaming.

U.S. Senate Commerce Committee Chairman Ted Cruz

Policy

Nevada regulators push back after prediction market conference blames them for move

Spokesperson for regulator denies that it put pressure on ARIA Resort & Casino for hosting Predict 2026

(Grant Cai/Unsplash)

Policy

U.S. CFTC in talks with every major pro sports league on policing prediction markets

Chairman Michael Selig says the agency has already taken several states to court to prove that sports contracts aren't just betting but that they're derivatives.

CFTC's Mike Selig - Consensus Miami 2026

Finance

Kalshi confirms $1 billion raise at $22 billion valuation amid prediction market boom

Institutional trading volume surged 800% over the past six months on the platform, while annualized trading activity reached $178 billion despite growing regulatory scrutiny.

Kalshi co-founders Luana Lopes Lara and Tarek Mansour (Kalshi)