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Senators Warren and Van Hollen pressed the CFTC to explain why Polymarket’s ads—promising easy profits from political bets without disclosing losses—haven’t be…
Seventeen Democratic senators accused the CFTC of overstepping its authority by suing state-regulated prediction markets like Kalshi and PredictIt, arguing it …
Hackers stole user funds from Polymarket via a third-party breach, forcing the company to refund victims directly. This exposes flaws in crypto platforms’ supp…
Kalshi seeks a $40 billion valuation, nearly doubling its April $22 billion price, weeks after raising $1 billion. A higher valuation would assert dominance in…
Kalshi sued Illinois over a new tax on prediction markets, arguing it unfairly targets their non-sports betting model. The case could set a precedent for how s…
Meta is developing "Arena," a gamified prediction markets app using points instead of real money. The move by Meta could disrupt the betting industry and raise…
Elon Musk became the world's first trillionaire thanks to his stake in SpaceX after the company's public debut on June 12. Prediction market traders think that…
