Limitless CEO CJ Hetherington tells Bernstein no platform will dominate prediction markets, sizing the institutional opportunity 10x sports.
Bernstein projects Robinhood’s prediction market revenue to increase from $150 million in 2025 to $586 million in 2026.
New Mexico is the next state in the CFTC's crosshairs as the fight continues over regulatory jurisdiction over sports betting.
Bernstein sees the FIFA World Cup as a potential watershed moment for prediction markets, projecting a $5B to $10B uplift in volume.
DOJ and CFTC are investigating George Santos after Kalshi flagged trades where he allegedly bet against his own State of the Union attendance.
Galaxy Digital launches institutional OTC prediction markets trading, executing a $10M Clarity Act trade with Arca on Kalshi at launch.
Wintermute extends trading infrastructure into prediction markets as multibillion-dollar sector draws institutional liquidity providers.
Spain blocked Polymarket and Kalshi on May 26, the latest in a growing wave of international crackdowns on prediction markets.
Indonesia blocked Polymarket over online gambling concerns as regulators widen global scrutiny of prediction market platforms.
The Ninth Circuit said federal derivatives oversight does not shield prediction market firms from state gaming enforcement.
House Oversight Chairman Comer probes insider trading on Kalshi and Polymarket, sending letters to both CEOs with a June 5 document deadline.
SEC Chair Paul Atkins said he instructed the agency's staff to seek public input on prediction market ETFs.
Minnesota’s law could expose exchanges, payment providers, media partners, and sports leagues to criminal liability.
Early offerings from the prediction market focus on AI, fintech and crypto unicorns including OpenAI, Anthropic, Stripe and Kraken.
Kalshi reached a $22 billion valuation after a $1 billion Series F, as institutional volume surged 800% since November 2025.
Venture capital firm Andreessen Horowitz argued that state prediction market restrictions could drain liquidity and limit market access.
Retail dominated as prediction market volume reached $25.7B last month, with crypto accounting for nearly 40% of activity among new users.
Roundhill’s SEC filing set a May 5 effective date for its prediction market ETFs, which analysts say could pave the way for a launch next week.
Polymarket is exploring a path to bring its main exchange back to the United States, according to reporting from Bloomberg.
A working paper analyzing every Polymarket trade between 2023 and 2025, finds that about 3% of accounts generate the bulk of price discovery.
Finance Minister Dario Durigan said some 28 betting platforms were banned in the country amid rising concerns about online gambling.
The Wisconsin DOJ sued Kalshi, Robinhood, Coinbase, Polymarket, and Crypto.com, alleging sports event contracts violate state gambling law.
The DOJ arrested a U.S. Army soldier accused of using confidential information to place bets on the prediction market Polymarket.
The DOJ arrested a U.S. Army soldier accused of using confidential information to place bets on the prediction market Polymarket.
Both Coinbase and Binance are offering users access to prediction markets as interest in wagering on the outcomes of different events swells.
Polymarket had a $9 billion post-money valuation in October after Intercontinental Exchange agreed to invest up to $2 billion.
Selig faced heat from lawmakers on how he plans to oversee prediction markets and whether it has the headcount to do it.
Binance Wallet has integrated Predict.fun prediction markets and is sponsoring all gas fees on BNB Smart Chain.
Kalshi said that although sports data will not initially be part of the Fox deal, it may become part of the partnership in the future.
A court handed prediction markets a victory, ruling that New Jersey does not have explicit authority over sports-related event contracts.