Prediction Markets
Federal judge blocks Arizona from bringing criminal charges against Kalshi
Judge Michael Liburdi ordered Arizona not to bring any enforcement actions under state law against Kalshi, at least temporarily.
Kalshi now controls 89% of the U.S. prediction market as regulated trading takes over
As Kalshi captures a dominant 89% of the market, a high-stakes legal battle between federal regulators and individual states will determine if these platforms are treated as sophisticated financial tools or just another form of gambling.
Binance adds prediction market to its app for millions of users
The integration covers gas costs to lower barriers for retail users. Binance doesn't operate the markets directly, instead providing access to a third-party application.
Polymarket reveals a 'full exchange upgrade' to take control of its own trading and truth
The $20 billion prediction market is overhauling its infrastructure and launching a native stablecoin to streamline trading as it prepares for a major U.S. expansion.
Appeals court blocks New Jersey from shutting down Kalshi's sports markets
The Third Circuit Court of Appeals ruled that New Jersey could not bring an enforcement action against Kalshi, finding that the federal Commodity Exchange Act preempted state gambling laws.
Polymarket pulls controversial Iran rescue markets after intense backlash
Prediction markets face rising regulatory pressure, with congressional Democrats proposing legislation to ban contracts tied to elections, war and government actions.
Judge continues Nevada ban on Kalshi sports markets
A state judge ruled that Kalshi's prediction markets offering sports bets were "indistinguishable" from gambling, and extended a temporary ban in Nevada.
Market structure bill delayed as crypto, banks meet lawmakers
Crypto and banking leaders are meeting with legislative staffers to hash out the future of U.S. stablecoins. The market structure bill is now delayed again and the fight over yield isn't the only hurdle as lawmakers finalize on DeFi regulations and concerns over President Trump's family crypto projects. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
JPMorgan & Goldman Sachs eye prediction markets
JPMorgan Chase CEO Jamie Dimon said the bank is considering entering prediction markets and Goldman Sachs has expressed similar ambitions. Would the Wall Street giants adopt blockchain-based systems or stick to traditional infrastructure? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
CFTC sues Illinois, Arizona, Connecticut over states' sports prediction market efforts
The CFTC argued in a lawsuit that the Commodity Exchange Act gave it "exclusive jurisdiction" over all swaps, which include prediction markets.
