DraftKings’ expensive bet on prediction markets is crushing its stock
Shares of the online betting platform slid more than 26% on Friday, as analysts worry about regulation and competition. Source：MarketWatch
U.S. prediction markets regulator issues demand that clashes directly with courts
The Commodity Futures Trading Commission said regulated exchanges can't cut off customers statebystate, but firms like Kalshi are under court orders to do so.…
The crypto industry has found new ways to grow. Making money from them is another story
Coinbase, Robinhood and Circle are expanding into stablecoins, payments and prediction markets, but their latest earnings show how hard it is to escape…
Crypto Long & Short: ICE is betting on retail’s appetite for quick outcomes
Retail traders increasingly want trades that resolve fast, from prediction markets to sameday options. Andy Baehr of GSR argues perpetual futures belong in…
US midterms: Prediction markets favor Democrats in key crypto races
Kalshi and Polymarket price a 75% chance of a Democratic sweep, days after markets misjudged Brazil’s runoff. Source：Cointelegraph
It’s finally Election Day — and prediction markets may show ‘too much confidence in a good night for Democrats’
Prediction markets may be running the risk of “suggesting too much confidence in a good night for Democrats,” one analyst says. Source：MarketWatch
Polymarket suspended trading amid reports of user funds being drained
The prediction markets platform halted trading on Thursday after it reported one of its third party providers had been compromised. Source：Cointelegraph
Polymarket brings ultra-short crypto prediction markets to U.S. platform
Polymarket’s new Up/Down crypto contracts come as the CFTC renews scrutiny of the prediction market’s compliance with its 2022 U.S. onboarding terms.…
Phantom launches Kalshi-powered prediction markets for US users
The crypto wallet’s new integration offers CFTCregulated event contracts through Kalshi, as prediction markets face growing legal challenges in the US.…
CFTC sues Utah to block action against prediction markets
The US state filed a lawsuit against Kalshi last week, seeking to recover up to $60 million in profits related to event contracts on prediction markets.…
U.S. agency hits Utah with lawsuit to shield Kalshi's ability to offer betting there
The U.S. Commodity Futures Trading Commission has pursued more than a dozen legal actions to protect what its chief sees as its sole power over prediction…
NBA names Kalshi, Polymarket preferred exchanges, signs CFTC deal
The US professional basketball league is expanding into prediction markets with official data agreements and safeguards against insider trading.…