The federal derivatives regulator, which oversees trading at Kalshi, argued it was inappropriate for Michigan to "bully" the firm into reversing trades.
A disputed Coinbase sports alert shows why exchange-run prediction markets need visible provenance, verified event data, and clear accountability before automated content scales inside trading apps.
The post Coinbase World Cup error shows prediction markets still have a proof problem appeared first on CryptoSlate.
Prediction-market traders are giving the United States a narrow edge over Belgium after FIFA cleared striker Folarin Balogun to play in Monday’s World Cup round-of-16 match, a decision that followed direct lobbying from US President Donald Trump and triggered criticism from European soccer officials. Prices on Polymarket showed the US with about a 39% chance […]
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Some of the many battles with state gaming regulators aren't going well for the industry at the moment, but it isn't without its would-be government protectors.
The broker said operational consolidation is blurring the lines between exchanges, brokerages and sportsbooks, creating conditions for acquisitions across the prediction market ecosystem.
The CFTC has sued Kentucky regulators in federal court as the battle over prediction markets and state gambling laws intensifies.
Kalshi is reportedly seeking new funding at a $40 billion valuation as investor interest in regulated prediction markets grows.
Polymarket emerged as an onboarding layer for about 60% of World Cup bettors, who interacted with the blockchain for the first time during their prediction market entry.
Kalshi is reportedly in talks to raise new capital at a $40 billion valuation, reflecting growing investor confidence in regulated prediction markets.
The prediction market operator, which is eyeing a potential public debut in 2027, could close a new funding round in Q3, according to a Financial Times report.
The prediction markets company claimed that it would be “irreparably harmed” when an Illinois law signed as part of a budget package goes in effect on July 1.
The Commodity Futures Trading Commission has sued Kentucky, now the ninth state the regulator is battling in its fight over prediction markets.
The Meta CEO reportedly plans for the company to launch a prediction market independent of its other apps allowing users to place wagers using a points system rather than money.
Kalshi has added India to its list of 55 restricted jurisdictions, months after Indian authorities warned VPN providers to stop facilitating access to these platforms.
Three cryptocurrency wallets collectively generated $24.25 million in profit from World Cup prediction markets before routing their proceeds to the same Binance deposit address, raising questions about whether a single trader controlled the accounts. On June 21, blockchain analytics platform Lookonchain identified the wallets as mintblade, GRIMDRIP, and EndlessFate. The accounts recorded 13 winning positions from 16 settled […]
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A new US House bill seeks to ban members of Congress and their families from wagering on political and policy outcomes.
Kalshi has reportedly held early IPO talks as prediction-market revenue surges, showing how event contracts are moving toward Wall Street.
The prediction market platform is reportedly exploring a public listing after surpassing $2 billion in annualized revenue as sports contracts face mounting legal scrutiny.
Kalshi's potential IPO could reshape the prediction market landscape, attracting institutional investors and increasing market legitimacy.
The post Kalshi said to hold early talks with banks for potential IPO as annualized revenue triples to $2B appeared first on Crypto Briefing.
Kentucky Attorney General Russell Coleman has filed lawsuits against Polymarket, Kalshi, and Coinbase-linked prediction market activity, alleging unlicensed sports betting.
The offering follows regulatory approval earlier this year and comes as prediction markets face legal challenges from regulators, exchanges and policymakers around the world.
Kalshi's perpetual futures product did not meet the Dodd-Frank Act's definition of a "swap" and should not have been approved, Terrence Duffy said.
President Donald Trump has taken the stance that states have no business with firms like Kalshi and Polymarket, and now a staunch GOP state is defying that view.
The collaboration comes as US state regulators and the CFTC battle over oversight of event-based contracts.
The offering follows Kraken's acquisition of Bitnomial and comes amid a broader push to bring crypto derivatives trading onshore.
Kalshi’s Bitcoin prediction market is leaning toward BTC hitting $50,000 before $100,000, though odds can change quickly.
DraftKings told investors on June 9 that its prediction markets business is scaling fast, and the market liked what it saw. The company's Form 8-K reported that May 2026 annualized consumer volume in its Predictions offering rose 24% month over month to $1.3 billion, while annualized total volume traded climbed 34% to $3.1 billion. Shares […]
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A clash between derivatives veterans is exposing a deeper discussion over how U.S. regulators should classify crypto perpetual contracts.
The former regulator joined a number of interest groups in arguing that prediction markets are overstepping their bounds by offering sports-related contracts.
Bernstein sees the FIFA World Cup as a potential watershed moment for prediction markets, projecting a $5B to $10B uplift in volume.