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The CFTC is investigating Polymarket for potential violations of U.S. financial regulations and misleading marketing practices, which matters because it could …
Kalshi, a U.S.-regulated prediction market, became FIFA World Cup's first sponsor, seeing daily trading volumes exceed $1 million due to its expansion and regu…
Seventeen Democratic senators accused the CFTC of overstepping its authority by suing state-regulated prediction markets like Kalshi and PredictIt, arguing it …
Polymarket's U.S. exchange reached $1 billion in annualized revenue six weeks after launch, driven by a surge in World Cup trading volumes. The platform's lega…
Polymarket will refund users after hackers stole millions via a third-party vendor breach allowing crypto theft. The refunds show accountability but highlight …
Hackers stole user funds from Polymarket via a third-party breach, forcing the company to refund victims directly. This exposes flaws in crypto platforms’ supp…
Kalshi seeks a $40 billion valuation, nearly doubling its April $22 billion price, weeks after raising $1 billion. A higher valuation would assert dominance in…
Kalshi sued Illinois over a new tax on prediction markets, arguing it unfairly targets their non-sports betting model. The case could set a precedent for how s…
Meta is developing "Arena," a gamified prediction markets app using points instead of real money. The move by Meta could disrupt the betting industry and raise…
Elon Musk became the world's first trillionaire thanks to his stake in SpaceX after the company's public debut on June 12. Prediction market traders think that…
A plurality of respondents to a new poll believes placing prediction market bets on election outcomes should be illegal. The Politico survey found that 44 perc…
