Polymarket and Kalshi are the two dominant prediction market platforms, which have seen around $42.4 billion in cumulative volume.
The CFTC-regulated exchange is gaining ground on crypto-native Polymarket, offering event contracts with fiat access and legal clarity.
A fast reset in downside odds mirrors QCP’s warning of flat-footed pro desks, with Glassnode highlighting oversold momentum and moderating ETF outflows.
TKO inks multi-year pact with Polymarket, bringing real-time sentiment tracking to UFC and Zuffa Boxing broadcasts.
The FanDuel Predicts app is set to offer event contracts on sports, crypto prices and other benchmark assets, according to the release.
This marks a milestone for Polymarket, which left the US due to an enforcement case with the Commodity Futures Trading Commission.
The founder of the prediction marketplace spoke at Cantor Fitzgerald’s crypto, AI and blockchain conference in Miami.
The news comes a week after Google said it will integrate predictions data from Polymarket and Kalshi directly into its search results.
Analysts cite a healthier structure for bitcoin while prices hold above $105,000, supported by easing macro risk and institutional inflows.
Polymarket traders see a 96% chance the record-long shutdown ends by mid-November, as the Senate passes a deal and pressure mounts on House Republicans to act.
Nearly 60% of weekly trades in December 2024 were flagged as likely wash trading, with coordinated networks of 43,000 wallets detected.
For the first time, users can access live market odds on future events directly in Google Search and Google Finance, elevating blockchain-powered forecasts into public view.
‘fuxfux007’ lost nearly $969,169 making a bold bet against New York City mayoral candidate Zohran Mandami.
Led by Polymarket and Kalshi, prediction markets have become a high-growth sector within digital assets as they let users wager on events.
Polymarket is preparing to relaunch in the US by the end of this month, and has teased an upcoming token launch.
Both Polymarket and Kalshi traders ignored late polls showing D66 gaining ground, keeping Geert Wilders’ PVV priced as a sure thing until exit polls forced a repricing that erased millions in misplaced bets.
Polymarket previously announced it would launch a token and had acquired a CFTC-registered entity.
Polymarket’s U.S. comeback follows record trading volumes and growing competition in the prediction market sector.
"There will be a token, there will be an airdrop," CMO said as the platform nears an official U.S. return via a regulated exchange.
Polymarket's Matthew Modabber said the prediction market will issue a POLY token and an airdrop after its U.S. app rollout.
That level would mark a more than 10-fold increase since June, when Polymarket raised $200 million at a $1 billion valuation.
Less than two weeks ago, the prediction platform startup raised more than $300 million at a $5 billion valuation.
The move represents an advancement for Polymarket's B2B operations, adding to its substantial foothold in the retail prediction market space.
The league's first-ever licensing agreements with non-sportsbook platforms mark a shift in pro sports’ embrace of event-based derivatives.
Kalshi and Polymarket are pricing in a shutdown that lasts over 40 days.
Polymarket has launched up/down equity and index markets in a new Finance hub weeks after its U.S.-cleared earnings markets debuted.
The two platforms combined for a record-setting $1.44 billion in volume during September, reflecting surging mainstream interest.
A trader with a new account and no prior betting history placed a $70,000 bet on Venezuelan opposition leader Maria Corina Machado winning the prize.
A high-stakes capital race has redefined the prediction market. Kalshi’s $300 million raise at a $5 billion valuation positioned it as the most valuable CFTC-regulated event-contract exchange in history. The firm’s expansion into 140 countries and growing list of macro and cultural markets seemed to cement its place as the global leader. Around the same […]
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Kalshi raised $300 million at a $5 billion valuation on Friday after recently overtaking Polymarket in global market share.