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At least 19 wallets linked to prediction market platform Predict.fun have reportedly been drained of approximately 105 ETH, worth $260,000, with investigators tracing the suspected stolen funds through Ethereum to cryptocurrency mixer Tornado Cash. On-chain investigator Naeven reported the suspected…
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The NBA has named Kalshi and Polymarket its two preferred prediction-market exchanges, giving both platforms access to official league data and U.S. marketing rights as Kalshi faces a Utah lawsuit seeking up to $61.2 million in allegedly unlawful fees. The…
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CFTC Chairman Michael Selig has said the agency is monitoring prediction markets for possible manipulation ahead of the 2026 U.S. midterm elections, according to reporting on his latest television interview. Bloomberg’s Oct. 23 interview with Selig covered election-market surveillance alongside…
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Phantom has opened access to Kalshi prediction markets for eligible US users through its mobile wallet, with its help center listing a combined trading fee of $0.02 per contract. Phantom’s US trading guide says customers can enter event markets through…
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A group representing major US commodity exchanges has urged the Commodity Futures Trading Commission to reject Kalshi’s proposed oil perpetual futures contract over concerns about market integrity. According to Bloomberg, the Commodity Markets Council (CMC), whose members include CME Group…
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Binance US and Blockchain.com are the latest contenders looking to enter the U.S. prediction market industry and has reportedly applied for regulatory approval to offer event contracts. According to a Financial Times report citing a person familiar with the matter,…
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Utah sues Kalshi and Susquehanna trading firms, seeking up to $61.2 million in alleged betting fees as the prediction market's federal appeal continues.
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Crypto.com’s prediction market exchange and Novig have filed separate federal lawsuits against Missouri officials, seeking to stop the state from enforcing sports betting laws against their event contracts after a 30-day compliance deadline expired. According to federal court records reviewed…
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Taiwan blocks Coinbase and Kalshi websites over suspected election betting ahead of November 28 local polls, as authorities investigate possible violations.
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Kalshi CEO Tarek Mansour says transparent trading helps expose insider dealing as U.S. regulators and states clash over prediction markets.
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The NFL has joined New Jersey’s request for a Supreme Court review of sports event contracts. Three federal appeals courts have taken different approaches to state gaming authority. The National Football League’s October 8 Supreme Court brief puts a familiar…
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Kalshi’s 15-minute gold markets logged 542 million September contracts and $5 million in estimated fees, overtaking comparable Ether markets.
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Ethereum
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Two CFTC event-contract actions reached White House review on September 28. One would define swaps to include event contracts. The other, labeled an interim final rule, would exclude casino-style gambling products. Five days earlier, a federal appeals court held that…
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Kalshi plans to end its volume incentive program from Oct. 13 as disputed ETH perpetual trades face scrutiny and September volume hits a record.
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Kalshi is reportedly in talks to raise $1 billion at a $40 billion valuation as Sequoia, Wellington, Tiger Global and Dragoneer circle.
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The Sixth Circuit ruled against Kalshi in Ohio and Tennessee a month after another appeals court sided with Nevada. New Jersey still has a conflicting ruling. The question for a national market is now practical as well as legal: can…
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