Kalshi
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”.
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.
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.
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.
The Green Beret was just the start: New data suggests military insider trading crisis on Polymarket
New data shows unusually high win rates in defense bets, building on research that 3% of traders drive prices and under 1% capture most profits.
XO Market bets on user-generated prediction markets to rival Polymarket and Kalshi
Backed by 20VC, Picus Capital and Coinbase Ventures; XO lets users create and profit from their own prediction markets, and plans to rollout a new vault product to democratize market making.
A tiny group is winning on Polymarket as under 1% of wallets take half the profits
After research showed a small minority moves prices, new data suggests an even smaller group captures roughly half of all gains.
CFTC sues Wisconsin in agency's legal campaign defending prediction markets authority
The U.S. Commodity Futures Trading Commission added Wisconsin to the list of states it's sued over event-contract jurisdiction, most recently New York.
U.S. CFTC adds New York to string of states its suing to stop prediction market pushback
The federal regulator has been suing states that seek to curtail prediction markets activity and claim it should be deemed state-regulated gaming.
Wisconsin joins prediction market fight, suing Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com
The state's complaint highlights language used by prediction market platforms as language for gambling, not investing.
