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Polymarket paid $112M for a regulated US comeback. New York says it's still illegal gambling
Polymarket spent $112 million securing a federally regulated route back into the U.S., but New York is testing whether that federal stamp protects it at all.
Buterin calls Trueo a strong decentralized prediction market contender. It still relies on a five-person dispute council
Ethereum's co-founder just gave Trueo a high-profile endorsement, but the prediction market remains tiny and its system still starts with a small council.
X sues accounts behind Kalshi, Polymarket trading tools over alleged $277K fraud
Paid trading tools for Kalshi, Polymarket remain online after X linked their namesake accounts to a network it says manipulated engagement for creator payouts.
StarkWare makes Polymarket bets harder to track as privacy wrapper goes live
Polymarket trades are normally public enough to reconstruct a user's positions. StarkWare is now trying to break that link.
Hunter Biden ties 30% of his new memecoin to Polymarket, where Trump Jr. is an adviser
Nearly a third of Hunter Biden's LAPTOP token supply will rise or disappear based on Polymarket bets, where Donald Trump Jr. sits on the advisory board.
Trump Jr. urged Republican AGs to back off prediction markets. Seven of nine RAGA leaders later told regulators the opposite
Donald Trump Jr.'s private pitch for prediction markets appears to have found a tough audience among Republican attorneys general.
Prediction markets put 92% odds on more tech layoffs as crypto cuts hit a record
Prediction markets see more tech layoffs ahead, while crypto has already recorded more companies cutting staff in 2026 than in any year since 2018.
Prediction market search interest halved from March peak: data
Search interest in prediction markets peaked months before the World Cup and had halved by July, even as the tournament drove billions of dollars in trading.
CFTC has used emergency market powers six times. Two involved Kalshi this summer
Two CFTC orders involving Kalshi in four weeks account for one-third of the regulator's six documented uses of emergency market powers, The Coinformer found.
Polymarket seeks $20B+ valuation four months after closing below its earlier target
Polymarket has returned to a $20 billion valuation target it didn't reach this spring.
New York sues Kalshi, demands list of every customer and refunds for all bettors
New York is asking a court to stop Kalshi's event markets, identify every customer and impose a penalty equal to three times its alleged illegal gains.
UK broker IG bets $1.3B on US prediction markets with Underdog deal
British online broker IG Group is buying Underdog for up to $1.3 billion, giving it nearly one million active U.S. users.
Polymarket cuts settlement rewards 60% as thousands of bets remain unresolved
Polymarket cuts the reward paid to users who submit sports results from $2 to $0.80, while more than 4,500 soccer bets remain unresolved.
Binance.US must tell CFTC who owns it before prediction market comeback
Binance.US plans an August prediction market filing that would require it to identify every owner with a stake of at least 10% to the CFTC.
Crypto.com supplies bets to four sports apps. Robinhood may be next
Robinhood may add Crypto.com as its fourth prediction exchange, extending a strategy that lets the crypto company reach bettors in a simpler way.
CFTC tells prediction markets to spell out exactly what users are betting on
The CFTC says prediction markets keep bundling many possible bets into vague templates.
Anyone can soon launch prediction markets on Hyperliquid. Anyone with $30M
Hyperliquid plans to let outside developers launch their own prediction markets, but first, they will need to lock 500,000 HYPE.
Turkey quietly bans Polymarket's website under gambling authority order
Polymarket's website has been blocked in Turkey after the country's National Lottery Administration issued an access restriction on July 16.
Jump Trading is building a prediction markets empire. It's also facing $4B manipulation allegations
Jump Trading is expanding its prediction markets business with new hires after doubling its team this year, even as the firm faces a $4 billion civil lawsuit.
Polymarket traders may have manipulated Bitcoin to make $8.2M, Stanford-led study finds
Polymarket's fastest Bitcoin markets may have allowed a small group of traders to turn brief spot-price moves into $8.2 million in profits.
OpenAI quietly puts Kalshi's World Cup odds inside ChatGPT
OpenAI has quietly begun using prediction market data in some search results as nearly $2 billion flows through World Cup winner markets.
Prediction markets turned the US midterms into a $200M trade. Democrats lead, for now
Traders have generated more than $197 million in midterm volume, even as 44% of respondents in a recent poll said election bets should be illegal.
Goldman Sachs wants prediction markets as clients, not as a game for its bankers
Goldman Sachs wants prediction markets close enough to the bank, but not close enough for its own employees.
Polymarket gave sports traders three hours' notice, then raised fees by almost 70%
Polymarket gave sports traders the good news first, then told them they had about three hours before fees went up almost 70%.
Europe's markets regulator says some prediction market bets may already be banned
Europe's securities watchdog has put prediction markets on notice, saying some contracts may already be banned.
Spotify wants Kalshi, Polymarket to make clear they aren't partners after a fake-streaming scandal
Spotify has pushed Kalshi and Polymarket into a new controversy after fake streams allegedly helped settle a multimillion-dollar market on its music charts.
Zuckerberg reportedly tried to buy Kalshi. But something went wrong. Now Kalshi's CEO trash-talking Instagram
Meta reportedly considered buying Kalshi before building its own prediction-market app, but the talks for some reason went nowhere.
Kalshi CEO takes shot at Instagram, says crypto betting is better than brain-rotting
The head of Kalshi says Americans should spend more time crypto betting on prediction markets and less time scrolling Instagram.
Zuckerberg pushes Meta prediction market aimed at younger users
Meta CEO Mark Zuckerberg urged executives to explore partnerships with Polymarket and Kalshi as the company builds its own prediction market.
Polymarket revenue tops $1B shortly after launching in US: report
Polymarket revenue has surpassed the $1 billion mark as demand for crypto betting keeps rising amid the FIFA World Cup.
DraftKings launches own prediction markets exchange after Kalshi criticism
DraftKings launched its own prediction markets exchange, DKeX, weeks after co-founder Matt Kalish said exchange products were still years behind sportsbooks.
Kalshi seeks $40B valuation ahead of possible IPO: report
Kalshi is reportedly trying to raise money at a $40 billion valuation ahead of a possible IPO.
Solana Worldxyz plan might be just another prediction market site
Solana Worldxyz mystery now points toward prediction markets after public API data showed live-style market infrastructure for BTC and World Cup outcomes.
CME CEO steps down after clashing with crypto perps and Polymarket
CME CEO Terry Duffy steps down shortly after criticising crypto perps and prediction markets.
Binance-linked Aster takes on Hyperliquid with prediction markets
Aster is moving beyond spot and perpetual futures with a new prediction market product.
CFTC prediction markets rule could leave war bets live even during review
CFTC prediction markets rules could ban contracts tied to war, but the agency's review process may not stop every market before trading starts.
Kalshi drops gambling wording from trademark filings
Kalshi has changed how it describes itself to trademark officials after earlier filings used gambling language.
Kalshi takes 58% of prediction market volume as Polymarket slips
Kalshi generated more than half of prediction market trading volume in May, widening its lead over Polymarket.
What Kalshi Bitcoin perps approval means for traders? In 5 cards
Kalshi Bitcoin perps are coming to a CFTC-regulated exchange, giving U.S. traders a domestic version of a product that has mostly lived offshore.
Polymarket KYC won't apply to main site, executive says
Polymarket KYC won't change how users access the main site, the company said, after a report linked possible identity checks to legal pressure.
Americans trust Polymarket more than Coinbase, Uber and Bank of America
Americans appear to trust Polymarket more than big regulated names, according to the 2026 Axios Harris Poll 100.
US watchdog sidelined staff who questioned Trump-linked crypto firms: report
A New York Times investigation found that Trump-linked crypto firms benefited as the CFTC weakened crypto enforcement and pushed out staff who raised concerns.
Kalshi weighs spoiler fix after reality TV odds exposed winner before finale aired
Kalshi may add spoiler controls after Survivor host Jeff Probst accused prediction markets of rewarding leaks around the show's winner.
Kalshi backs new advocacy group to defend prediction markets in Washington
Kalshi's latest Washington push comes as prediction markets face a widening fight with casinos, sportsbooks and state officials.
Polymarket exploit could have put $453M at risk, ex-Monad head of DeFi says
Ex-Monad head of DeFi says the recent Polymarket exploit could have been way worse.
Polymarket launches private-company markets to bet on pre-IPO milestones
The prediction market platform will use Nasdaq Private Market data to resolve new markets tied to private companies.
India betting ban puts Kalshi, Polymarket in legal spotlight
Kalshi and Polymarket are still letting users in India sign up and trade even after the country's technology ministry warned that the platforms are illegal.
DraftKings co-founder slams Kalshi, says prediction markets are years behind sportsbooks
DraftKings co-founder Matt Kalish says sports prediction markets are still too confusing for regular bettors.
Interactive Brokers unifies prediction markets across Kalshi, CME and ForecastEx
The broker now lets eligible clients trade prediction-market contracts through one interface alongside stocks, options, futures, crypto and bonds.
Polymarket adds KYC for low-latency API trading access
Polymarket team member Mustafa reassured users on X that Polymarket will remain KYC-free.