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Prediction Markets

Gaming Industry, Tribes and Unions Press Senate to Ban Sports Prediction Markets in Crypto Bill

Gaming Industry, Tribes and Unions Press Senate to Ban Sports Prediction Markets in Crypto Bill

The American Gaming Association, the Indian Gaming Association, and two hospitality unions are pressing senators to insert sports-betting carve-out language into the CLARITY Act, the crypto market-structure bill moving through Congress. The push targets Kalshi and Polymarket.
CFTC Sues Wisconsin in Response to State's Lawsuits Against Prediction Markets

CFTC Sues Wisconsin in Response to State's Lawsuits Against Prediction Markets

The CFTC filed suit against Wisconsin to establish its exclusive regulatory authority over prediction markets, a sector closely tied to crypto and blockchain-based derivatives.
New York Attorney General Sues Coinbase, Gemini Over Unlicensed Prediction Markets

New York Attorney General Sues Coinbase, Gemini Over Unlicensed Prediction Markets

New York AG Letitia James filed suit against Coinbase and Gemini, alleging their prediction market platforms constitute illegal gambling operations lacking state licenses.
DOJ, CFTC Seek to Block Arizona Enforcement Action against Kalshi

DOJ, CFTC Seek to Block Arizona Enforcement Action against Kalshi

The DOJ and CFTC filed to enjoin Arizona's criminal and civil enforcement against prediction market platform Kalshi, arguing federally regulated event contracts fall under CFTC jurisdiction.
Binance Wallet Integrates Prediction Markets via YZi Labs-Backed Predictfun

Binance Wallet Integrates Prediction Markets via YZi Labs-Backed Predictfun

Binance Wallet has integrated predict.fun prediction markets and is sponsoring all gas fees for users on BNB Smart Chain.
84% of Polymarket Traders Are Losing Money, New Research Finds

84% of Polymarket Traders Are Losing Money, New Research Finds

On-chain researcher Andrey Sergeenkov found that only 2% of the 2.5 million wallets analyzed have ever made over $1,000.
Polymarket Lets Traders Bet on Stocks, Gold, and Oil Via Pyth Integration

Polymarket Lets Traders Bet on Stocks, Gold, and Oil Via Pyth Integration

The integration launches with more than a dozen U.S. stocks, major equity indices, and commodity contracts resolved using Pyth's real-time price data.
Kalshi and Polymarket CEOs Back $35M Prediction Market Venture Fund

Kalshi and Polymarket CEOs Back $35M Prediction Market Venture Fund

Former Kalshi employees are raising capital for 5c(c) Capital, a venture firm focused on prediction market infrastructure.
Kalshi Raises $1B at $22B Valuation: Report

Kalshi Raises $1B at $22B Valuation: Report

The deal doubles the valuation from Kalshi's previous round in November.
CFTC Launches Sweeping Review of Prediction Markets

CFTC Launches Sweeping Review of Prediction Markets

The agency issued an advance rulemaking notice and a staff advisory encouraging innovation.