Tagged: prediction markets

Polymarket Hit by $10M Stolen-Card Scheme while CEO Prioritized Expansion Over Compliance Measures

Prediction market operator Polymarket came under fresh scrutiny after a reported wave of stolen-card activity on its US platform coincided with leadership pressure to keep expanding, according to an investigation by The Wall Street Journal. In February 2026, shortly after the regulated U.S. venue began… Read More

Kalshi Rejects Wash Trading Allegations as Ether Perp Volume-to-OI Ratio Hits 174x

Kalshi, the CFTC-regulated prediction-market platform, is facing public accusations that its crypto perpetual-futures activity is inflated. The claims originated with Beni, a former quant and co-founder of Stealth Neolab, who published a detailed thread on X after a heated exchange with Kalshi’s crypto product lead…. Read More

Kalshi Files with SEC and CFTC to List US Single-Stock Perpetual Futures

KalshiEX has asked US regulators for permission to list perpetual futures tied to individual American stocks, placing the prediction-markets firm in the same race as Coinbase to bring a crypto-style derivative into traditional equities. On September 18, 2026, KalshiEX filed a proposed rule change with… Read More

BMLL Brings Kalshi Prediction Markets Into Institutional Research Workflows

BMLL Technologies has struck a partnership with Kalshi that brings the prediction-market venue’s historical order-book records onto BMLL’s institutional data platform. Announced on 17 September 2026 from London and New York, the deal folds Kalshi’s CFTC-regulated event-contract history into the same high-fidelity, multi-asset coverage that… Read More

South Korea Refers Polymarket Users to Prosecutors Over Alleged Gambling Bets

South Korea’s police have advanced a months-long inquiry into domestic use of Polymarket from investigation into formal charging. Twenty-six local participants on the crypto prediction platform have been booked on suspicion of illegal gambling, and 18 of those cases have already been sent to prosecutors…. Read More

CFTC Initiates Probes into Polymarket Bets on Biden Pardons, Iran and Google Rankings

Federal regulators have quietly authorized multiple inquiries into unusual activity on a major prediction-markets platform, according to internal records released through a public-records request. The Commodity Futures Trading Commission (CFTC) signed off on at least three previously undisclosed probes into Polymarket event contracts tied to… Read More

Coinbase Selects ION’s XTP to Clear Kalshi Prediction Markets

ION, a provider of trading technology and workflow software for financial institutions, has announced that Coinbase (NASDAQ: COIN) has chosen its XTP for Event Contracts platform to handle clearing for Kalshi’s prediction market products. The announcement, dated September 9, 2026, frames the deal as infrastructure… Read More

New Jersey Formally Requests Supreme Court to Determine Who Regulates Sports Betting via Prediction Markets

New Jersey has now formally asked the nation’s highest court to settle a growing dispute over who has the power to oversee sports wagering that takes place on prediction-market platforms. On September 2, 2026, Attorney General Jennifer Davenport filed a petition for a writ of… Read More

Michigan Circuit Court Injunction Requires Kalshi to Keep Blocking Sports Markets

A Michigan circuit court has extended restrictions that keep Kalshi from offering sports-related prediction contracts to people in the state, converting an earlier short-term freeze into a preliminary injunction that remains in place while the underlying lawsuit proceeds. Ingham County Circuit Judge Rosemarie E. Aquilina… Read More

Donald Trump Jr.’s 1789 Capital Leads Polymarket Funding Round

1789 Capital, the venture firm in which Donald Trump Jr. is a partner, is heading a large new financing for Polymarket that would put the prediction-market company at a $21 billion valuation. A spokesperson for the firm said the platform is seeking $1 billion in… Read More

Kalshi Secures New Deal as Official Prediction Market Partner of the US Open

Kalshi has locked in an unexpected last-minute arrangement that places the federally regulated prediction market platform in an exclusive official role at the 2026 US Open. The agreement with the United States Tennis Association took effect as the main draw opened at Flushing Meadows, even… Read More

CFTC Innovation Advisory Committee meeting: CME Group CEO Warns About Prediction Market Listings Open to Manipulation

During the CFTC Innovation Advisory Committee meeting today, there was an interesting exchange between CME Group CEO Terry Duffy and CFTC Chairman Mike Selig. Duffy expressed his support for the crypto industry, something they have participated in since 2017, as well as artificial intelligence, utilized… Read More

Trading Technologies Partners with Crypto.com to Enhance Prediction Markets Access for Institutions

Trading Technologies International (TT), a provider of capital markets technology solutions, has partnered with Crypto.com to broaden institutional access to regulated prediction markets and cryptocurrency derivatives. The collaboration will integrate connectivity to OG.com—Crypto.com’s CFTC-regulated exchange and clearinghouse—directly into the TT platform.The link to OG.com’s prediction… Read More

JPMorgan Ends Formal Banking Ties with Polymarket Amid Regulatory Concerns

JPMorgan Chase (NYSE:JPM), the largest bank in the United States and one of the largest globally as well, terminated its primary banking relationship with the prediction-market platform Polymarket in late 2025, according to a report from the Financial Times. The decision stemmed from regulatory concerns, with… Read More

Kalshi Suspends Sports Mention Markets Amid CFTC Review of Manipulation Risks

Kalshi, one of the largest US prediction markets platforms, has reportedly removed its sports-related “mention markets” following the launch of a review by the Commodity Futures Trading Commission (CFTC) into this category of contracts. The agency is examining whether these markets are particularly vulnerable to… Read More

Kalshi Ordered by Washington Court to Suspend Most Prediction Markets Offerings in the US State

A King County Superior Court judge has ordered the prediction market platform Kalshi to halt most of its offerings available to users in Washington state. The ruling stems from a finding that the company likely breached the Washington Gambling Act along with the Consumer Protection Act by conducting… Read More

Baltimore Files Lawsuits Against Prediction Market Platforms Kalshi and Polymarket

Baltimore City has initiated legal action against leading prediction market operators, arguing that their sports-related offerings amount to unauthorized gambling that harms local consumers. On August 13, 2026, Mayor Brandon Scott and the City Council filed separate complaints in Baltimore City Circuit Court targeting Kalshi… Read More

Kalshi Rolls Out Institutional Market Data Feed via DoubleZero Edge

Prediction market platform Kalshi has made its live order book available for the first time through DoubleZero Edge, a so-called low-latency data delivery service. The partnership now positions Kalshi as the inaugural prediction market on the platform and (reportedly) only the second venue overall, following… Read More

Connecticut Judge Rules Kalshi Sports Contracts Never Qualified as Swaps

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A federal judge in Connecticut has rejected prediction-market operator Kalshi’s bid for emergency protection from state gambling enforcement, determining that the company’s sports-related event contracts do not meet the legal definition of swaps under federal commodities law. As a result, the Commodity Futures Trading Commission’s… Read More

FlightAware Files Lawsuit Against Kalshi, Alleging Unauthorized Use of Data for Flight-Cancellation Markets

Flight-tracking company FlightAware has filed a lawsuit against prediction-markets operator Kalshi, alleging the platform improperly leveraged its proprietary information and brand to support wagering on flight cancellations. The complaint, submitted August 10, 2026, in the US District Court for the Southern District of New York… Read More

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