Prediction markets will grow to $1 trillion by 2030, Bernstein estimates
Prediction market volumes are booming in 2026, on pace to more than quadruple this year alone and reach an estimated $1 trillion in the next four years, according to Bernstein.
NFL asks prediction market operators to refrain from ‘objectionable bets’
The NFL is asking prediction market operators to keep specific event contracts that the league deems “objectionable bets” off of their platforms. In a letter obtained by CNBC, the league outlines examples of event contracts that could be easily manipulable by a single person, inherently objectionable, related to officiating and
Federal Reserve urges judge to deny bid to revive Jerome Powell probe subpoenas, Mar 26, 2026
Breaking: * The Federal Reserve’s Board of Governors urged a judge to reject prosecutors’ request that he reconsider his decision to quash subpoenas issued in a criminal investigation of Chair Jerome Powell. * U.S. Attorney Jeanine Pirro’s prosecutors say they are investigating Powell over cost overruns in renovations of
Federal judge quashes Justice Department subpoenas of Fed Chair Jerome Powell, Mar 13, 2026
A federal judge has quashed subpoenas the Justice Department had issued against Federal Reserve Chair Jerome Powell, according to court documents unsealed Friday. The ruling is a major blow to President Donald Trump, who has repeatedly criticized Powell for not lowering interest rates, and an embarrassing setback for the DC
Federal Reserve Mounts Closed-Door Fight Against Justice Department Subpoenas, WSJ, Feb 26, 2026
U.S. Attorney Jeanine Pirro is investigating testimony Chair Jerome Powell provided last summer around building renovations, a probe he has called improper. The Federal Reserve is waging a behind-closed-doors legal challenge to a pair of subpoenas issued as part of U.S. Attorney Jeanine Pirro’s criminal
Rules & Mandates - CFTC defends its right to prediction market enforcement as states challenge platforms
CFTC Chairman Michael Selig said the agency has filed an amicus brief in federal court to assert its authority over prediction market enforcement and regulation.
Prediction volume hits record off Super Bowl Sunday
Parlays boosted sportsbook margins; Kalshi faced outages amid 20-fold volume spike Americans wagered a record $1.76 billion on the Super Bowl, according to American Gaming Association projections, as a wave of first-time bettors and an explosion in parlay activity delivered a windfall for the sports-betting industry
Kalshi expands surveillance, enforcement efforts ahead of Super Bowl 60
Kalshi on Thursday announced efforts to expand its surveillance and enforcement frameworks as skepticism builds around the booming prediction market industry. The announcement comes days before Super Bowl 60, which has already drawn more than $160 million in prediction market trading volume, according to Kalshi. The platform and its peers
