Prediction 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.

Nevada Just Shattered Prediction Markets’ Favorite Theory in Kalshi Ruling
Nevada’s ruling says sports outcome contracts on a federally regulated exchange are not swaps, opening the door for state gambling laws to apply.

Polymarket Secures CFTC Approval for Regulated U.S. Return
Polymarket’s amended CFTC designation paves the way for the prediction-market platform to formally reopen in the U.S. with a fully regulated exchange structure.

Microcap Biotech Firm Raises $212M for Prediction Market Token Treasury Strategy
Enlivex Therapeutics is raising $212 million to invest in RAIN, the token of a blockchain-based prediction market, which will become its main treasury reserve asset.

Fanatics Enters Prediction Markets via Crypto.com Partnership
The product is set to launch in the next couple weeks, Fanatics CEO Michael Rubin said on CNBC.

Asia Morning Briefing: Even Prediction Markets Didn’t See Bitcoin’s Sell-Off Coming
A fast reset in downside odds mirrors QCP’s warning of flat-footed pro desks, with Glassnode highlighting oversold momentum and moderating ETF outflows.

Prediction Markets Say U.S. Government Shutdown Days From Ending as Health Care Fight Looms
Polymarket traders see a 96% chance the record-long shutdown ends by mid-November, as the Senate passes a deal and pressure mounts on House Republicans to act.

Gemini Prepares to Offer Prediction Market Contracts: Bloomberg
The exchange founded by Cameron and Tyler Winklevoss has discussed unveiling products in this area as soon as possible, according to a report on Tuesday.

Analysis: Coinbase's Armstrong Made Prediction Markets Look 'Fun.' Bill Ackman Made Them Look Real
A Coinbase CEO prank resolved one market with a single sentence. Ackman’s warning about “rigged odds” in a $22 million Polymarket election shows the opposite: it now takes institutional-scale money to move prices even 10%.

Analysis: Prediction Market Bettors Miscalculated Dutch Election Results
Both Polymarket and Kalshi traders ignored late polls showing D66 gaining ground, keeping Geert Wilders’ PVV priced as a sure thing until exit polls forced a repricing that erased millions in misplaced bets.

