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Rising interest in Solana-network memecoins and prediction markets was followed by a rally in SOL price. Will the momentum continue?
The European regulator said companies cannot circumvent EU financial rules by marketing binary-style products as event contracts rather than derivatives.
A Michigan judge granted a restraining order preventing the prediction market from offering sports-related wagers for the next 14 days.
The SEC is taking a fresh look at how a proposed fast-growing new class of ETFs tied to prediction markets should be regulated.
A Michigan Judge has temporarily blocked Kalshi from offering sports betting contracts to residents, escalating the state-federal fight over prediction markets and gambling laws.
The highest Elo-ranked trader, “GardenerCx,” has a win rate of 64.3% over 2,644 bets focused on up/down bitcoin markets.
Illinois now a key battleground in fight over prediction market sports bets.
Bernstein said DraftKings' DKeX launch keeps prediction-market revenue in-house as consolidation reshapes trading and betting platforms.
The broker said operational consolidation is blurring the lines between exchanges, brokerages and sportsbooks, creating conditions for acquisitions across the prediction market ecosystem.
Bernstein says platforms are bringing exchange, clearing and brokerage infrastructure in-house, setting up potential deals while increasing antitrust and regulatory risks.
The social media company's executives have said Arena, Meta's new prediction market app under development, will differ from Polymarket and Kalshi, which accept real-money wagers, because it will instead rely on video-game-like "points", the report said.
The prediction markets giant is under investigation in connection with false or deceptive marketing practices, according to news reports.
As prediction markets notch record trading volumes, Kalshi is ramping up its marketing push through a high-profile FIFA World Cup deal.
The company said its prediction markets vertical has generated approximately $3.4 billion in annualized consumer volume.
A group of 17 Democratic senators went after the CFTC’s funding for lawsuits over prediction markets, calling it an “assault” on state authorities.
Kalshi's reported valuation reflects the firm's rapid growth, as it reported a $5 billion valuation last October.
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 CFTC has been locked in a tug-of-war with states over who has the ultimate authority over event contracts.
