Latest News
CFTC Chair Selig Faces Bipartisan Fire
CFTC Chair Mike Selig faces bipartisan backlash as lawmakers question the agency's stance on prediction markets and Hyperliquid-style crypto perps.
Polymarket No Bot Keeps Winning
A Polymarket bot keeps profiting by buying "No" on overhyped event contracts, exploiting retail excitement, fuzzy resolutions, and low base-rate outcomes.
Fox Partners With Kalshi on Prediction Data
Fox Corp. will add Kalshi's sponsored prediction-market "crowd odds" across its news platforms, pushing event contracts further into mainstream media.
Kalshi Wins Third Circuit Prediction Market Case
Kalshi won a major Third Circuit case, with judges ruling New Jersey cannot restrict its CFTC-regulated prediction market contracts.
Senate Bill Targets Sports Betting Prediction Markets
Bipartisan senators plan a bill to ban sports betting and casino-style prediction market contracts, tightening rules on CFTC-regulated venues.
Texas Targets Crypto Betting Loopholes
Texas is probing prediction markets and crypto rails that may bypass state gambling bans, targeting CFTC-framed event contracts tied to sports.
Senate Bill Seeks CFTC Sports Bet Ban
Bipartisan Senate bill would ban CFTC platforms from listing sports-event contracts and casino-style bets, targeting Kalshi and Polymarket.
US Lawmakers Target Sports Betting Markets
US lawmakers plan a bipartisan bill to ban sports betting on prediction platforms like Polymarket and Kalshi, tightening a fast-growing gray area.
Kalshi Faces Washington Gambling Suit
Washington sued Kalshi Friday, alleging its event contracts are illegal online gambling and raising fresh doubts about nationwide expansion.
Kalshi Blocked in Nevada After Judge Orders Temporary Ban
Nevada judge granted a 14-day TRO temporarily blocking Kalshi's prediction markets, backing regulators who say its event contracts are unlicensed gambling.
US lawmakers unveil ‘DEATH BETS Act’ to ban war and assassination wagers on prediction markets
US Democrats Casar and Murphy unveil DEATH BETS Act to ban war and assassination wagers on prediction markets, for crypto-adjacent apps.
Arizona Attorney General slaps Kalshi with 20 criminal counts as states tighten prediction-market crackdown
Arizona AG Kris Mayes hit CFTC-regulated Kalshi with 20 criminal counts for unlicensed gambling and election wagers as states tighten nationwide crackdowns.
Phantom Wallet Secures CFTC No-Action Relief to Connect Users With U.S.-Regulated Derivatives
CFTC grants Phantom Wallet no-action relief, letting its noncustodial interface route users to U.S.-regulated derivatives and event contracts under conditions.
Utah moves to ban prediction markets, teeing up a showdown with the CFTC, Kalshi and Polymarket
Utah's HB243 hit the governor's desk last Wednesday to ban prediction markets, sparking a state-federal showdown with the U.S. CFTC, Kalshi and Polymarket.
CFTC Chair Michael Selig maps sweeping crypto rule agenda, with DeFi and prediction markets in focus
CFTC Chair Michael Selig unveils a broad U.S. crypto rule agenda, targeting DeFi and prediction markets as Washington seeks clearer oversight for derivatives.
CFTC’s prediction market rule crackdown lands at White House for review
CFTC sent its prediction-market rule proposal to the White House for OIRA review, signaling tighter oversight of event contracts and election bets in the U.S.
Kalshi Insider Trading Probe Leads Beast Industries to Fire MrBeast Video Editor
Kalshi opened an insider-trading probe into a MrBeast-linked editor's prediction-market bets, fined and suspended the account; Beast Industries fired him.
Nasdaq Joins Cboe in ‘Binary Bets’ Push, Seeks SEC OK for Nasdaq-100 Event Contracts
Nasdaq seeks SEC approval to list Nasdaq-100 new binary event contracts, following Cboe's move as regulated exchanges embrace prediction-market style bets.
Polymarket Iran Conflict Bets Hit $50M as New War and Khamenei-Outcome Markets Explode
Polymarket's Iran conflict bets surged to $50M after U.S.-Israel strikes, with dozens of new contracts; Khamenei market alone saw $45M and settled after his death
Kalshi Fines and Suspends MrBeast Employee Over Alleged Insider Trading on YouTube Video Bets
Kalshi fined and suspended a MrBeast employee for allegedly using nonpublic production info to bet on YouTube video outcome markets in creator-content bets.