CFTC sues Illinois, Arizona, Connecticut over states’ sports prediction market efforts
The CFTC argued in a lawsuit that the Commodity Exchange Act gave it “exclusive jurisdiction” over all swaps, which include prediction markets.
Prediction Markets
Washington sues Kalshi as states ramp up legal pressure against prediction markets
The Washington state attorney general alleged Kalshi offers “gambling products” products dressed up as prediction markets in a lawsuit Friday.
Kalshi secures license to offer margin trading to institutional investors
Margin feature is a departure from traditional prediction markets, which typically require fully collateralized positions, and comes as the industry sees growing trading volumes and investment.
NYSE owner doubles down on Polymarket with fresh $600 million investment
The parent company of the New York Stock Exchange is cementing its bet on the future of prediction markets, bringing its total commitment to nearly $2 billion.
Retail traders fare worse on prediction markets than sportsbooks
A new report from Citizens JMP says median losses are deeper on prediction platforms as retail traders face sharper, better-capitalized counterparties
Prediction market boom spurs new VC fund backed by Polymarket, Kalshi CEOs
The fund, called 5c(c) Capital, is aiming to raise $35 million to fund startups tied to the rapid growth of event-based trading markets.
The 5-cent contract that debunked a wartime death conspiracy
When social media declared Netanyahu dead, crypto prediction markets priced it at 5%. The money was right — and Washington wants to shut it down.
Arizona Attorney General files criminal charges against prediction market Kalshi
Kris Mayes filed 20 criminal counts against the prediction market operator, escalating a multi-state legal clash over sports and election predictions markets.
AI agents are quietly rewriting prediction market trading
Valory co-founder David Minarsch says autonomous agents running on the Olas protocol are giving retail traders a 24/7, strategy-driven edge on platforms like Polymarket.
Kalshi, Polymarket seeking $20 billion valuations in fundraising talks: WSJ
Kalshi, approved by the Commodity Futures Trading Commission, was last valued at $11 billion, while Polymarket was valued at $9 billion.