Polymarket

Polymarket

Markets

Prediction market firms could be making $10 billion in yearly revenue by 2030, Citizens Bank says

The bank said rising volumes, tighter market structure and early institutional engagement are pushing prediction markets beyond their gambling roots toward a new asset class.

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

Markets

Polymarket bettors put $3 million on which crypto firm ZachXBT will expose next

Solana app Meteora leads the odds at 43% after the blockchain investigator teased a "major" insider-trading probe set for release on Wednesday.

hackers (Modified by CoinDesk)

Policy

CFTC's Selig opens legal dispute against states getting in way of prediction markets

Commodity Futures Trading Commission Chairman Mike Selig fired a legal warning shot defending his agency's jurisdiction over the event contract space.

U.S. Commodity Futures Trading Commission Chairman Mike Selig (Jesse Hamilton/CoinDesk)

Finance

Jump Trading to take small stakes in Polymarket, Kalshi: Bloomberg

Jump is set to take a fixed amount of equity in prediction market Kalshi, while its stake in Polymarket will grow over time depending on the trading capacity that the firm provides.

Stock trading charts. (sergeitokmakov/Pixabay, modified by CoinDesk)

Markets

Odds of Jesus Christ appearing in 2026 double, beating return on bitcoin

The Polymarket bet is a reminder that the weirdest corners of crypto are sometimes the only ones going up.

(Christian Dubovan/Unsplash, modified by CoinDesk)

Policy

U.S. regulator declares do-over on prediction markets, throwing out Biden era 'frolic'

The Commodity Futures Trading Commission tumultuous legal fight with events-contracts firms is done, and its new leader is yanking previous policy efforts.

CFTC Chair Mike Selig (left) and SEC Chair Paul Atkins (Jesse Hamilton/CoinDesk)

Policy

Polymarket, Kalshi contract limits demonstrated in latest U.S. government shutdown fight

The U.S. government is likely to shut down Saturday morning until the House votes on a funding package, raising the importance of specificity in prediction market bets.

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

Markets

Circle shares rise 4% as Polymarket-driven USDC growth prompts analyst upgrade

Mizuho's Dan Dolev revised his bearish outlook on the stablecoin issuer, upgrading the stock to neutral.

Circle logo on a building

Markets

Polymarket's Volmex contracts open a new path to trading bitcoin, ether volatility

Polymarket has launched new prediction markets tied to Volmex's bitcoin and ether 30-day implied volatility indices.

Poker chips (AidanHowe/Pixabay)

Policy

Ukraine banned Polymarket and there’s no legal way for it to come back

Polymarket and similar platforms are considered unlicensed gambling operators, leading to blocked access.

Kyiv in Ukraine (Glib Albovsky/Unsplash/Modified by CoinDesk)