Two of prediction markets’ largest gamers — and largest rivals — have come collectively to assist launch a brand new enterprise capital fund aimed toward supporting the rising business. Polymarket’s Shayne Coplan and Kalshi’s Tarek Mansour are among the many preliminary backers of 5c(c) Capital, per Bloomberg. It’s a uncommon three way partnership between Mansour…
Polymarket has printed a brand new set of market integrity guidelines outlining prohibited buying and selling practices throughout each its worldwide DeFi platform and its Commodity Futures Trading Commission-regulated U.S. alternate, as the corporate faces ongoing scrutiny over how prediction markets deal with delicate data and potential manipulation. The up to date tips explicitly prohibit…
Until lately, the federally regulated prediction market trade largely revolved round a single alternate. For a number of years, Kalshi operated as the solely energetic Commodity Futures Trading Commission-approved platform providing occasion contracts to U.S. retail merchants. That panorama is now shifting quickly. Since the begin of 2025, 20 new Designated Contract Market filings or…
Kalshi formally exited Nevada on Saturday, March 21, after a state court docket choose issued a non permanent restraining order the day earlier than barring the prediction market from working within the state. An e-mail to Nevada prospects on Saturday morning defined: “Due to a non permanent court docket order, our markets associated to sports…
Kalshi’s valuation has surged from $2 billion to $22 billion in simply 9 months, highlighting how shortly valuations in the prediction market business are rising as buying and selling exercise accelerates. The firm has raised greater than $1 billion at a $22 billion valuation, in accordance to a March 19 report from The Wall Street…
Major League Baseball is getting into the prediction market area simply days earlier than Opening Day, placing a partnership with Polymarket whereas additionally signing a first-of-its-kind settlement with the Commodity Futures Trading Commission (CFTC) to coordinate on market oversight. The Polymarket deal provides the alternate entry to official league information and branding. MLB and the…
The litigation staff defending Kalshi unpacked the Commodity Futures Trading Commission’s (CFTC) recent steerage on prediction markets throughout a webinar this week. The regulation agency Milbank hosted “The CFTC’s New Guidance on Prediction Markets: What You Need to Know” on Tuesday. The CFTC released a regulatory expectations advisory and an Advanced Notice of Proposed Rulemaking…
Arizona Attorney General Kris Mayes filed criminal charges against Kalshi in the present day, accusing the CFTC-regulated prediction market platform of working an unlawful playing enterprise in the state and accepting bets on Arizona elections. It’s the primary time any state has introduced prison costs in opposition to the corporate, and a major escalation from…
Prediction markets generated greater than $200 million in reported buying and selling tied to the 2026 Academy Awards, as contracts associated to Hollywood’s greatest evening drew heavy exercise on Kalshi and Polymarket. The whole displays buying and selling throughout dozens of Oscars-related markets on the 2 platforms, together with contracts predicting who would win particular…
Kalshi has introduced what’s the largest bracket problem prize in sports activities historical past: $1 billion for anybody who appropriately predicts the winner of each sport in the 2026 Men’s Basketball Tournament. The $1 billion determine rewrites what the finest March Madness bracket contests appear to be, dwarfing each prize that has come earlier than…