Underdog Hires Former Head of Crypto.com Prediction Exchange
Underdog's hiring of a Crypto.com veteran and acquisition of CFTC licenses signals a strategic push to dominate the sports prediction market amid regulatory battles.
Kalshi Grilled by Massachusetts High Court Over What Gambling Is
Massachusetts' top court scrutinizes Kalshi's claim that prediction markets are financial swaps, not gambling, in a case testing state vs. federal regulatory authority.
Schumer Says House, White House Must Ban Prediction Market Bets
Senate Democrats push to extend a prediction market ban to all government officials amid insider trading concerns.
Clear Street Signs Up to Kalshi in Prediction Markets Push
Prediction markets are gaining institutional legitimacy through partnerships like Clear Street and Kalshi, bridging retail popularity with Wall Street sophistication.
CFTC Reviews Trader Data Report as Kalshi Expands in Commodities
The CFTC is reviewing its key trader-position reports as prediction markets like Kalshi expand into commodities, creating a regulatory gap in data transparency.
Kalshi, Polymarket Face New Rival in Crypto’s Hottest Exchange
Hyperliquid's expansion into prediction markets challenges Kalshi and Polymarket by leveraging its integrated multi-asset platform to blur the lines between derivatives and event trading.
Polymarket Seeks CFTC Blessing to Bring Main Exchange Back to US
Polymarket is seeking CFTC approval to reopen its main exchange to US users, a move that could accelerate the industry's growth amid ongoing regulatory uncertainty.
Let Candidates Place Bets on Themselves — at Least Sometimes
Prediction markets banning candidates from betting on their own races raises questions about whether such wagers truly threaten electoral integrity or merely signal confidence.
Most Prediction Market Traders Are Losing Money While Bots Rack Up Gains
Prediction markets are promoted as a side hustle, but data shows most retail traders lose money as automated bots capture profits.
Insider Trading Cases Threaten Reckoning for Prediction Markets
Prediction markets boom amid insider trading allegations, triggering White House skepticism and heightened regulatory scrutiny.
Brazil Blocks Polymarket, Kalshi Over ‘Illegal Betting’
Brazil blocks prediction markets like Polymarket, joining a global regulatory pushback against platforms accused of operating as unlicensed gambling.
France Probes Weather Data Glitch After Surge in Polymarket Bets
Prediction markets are booming, raising concerns about manipulation of critical data like airport weather sensors used for betting settlements.
