Cheryle has close to 20 years experience in the iGaming industry across casino, poker, and sports. She spent six years in a leadership role at Catena Media, driving SEO strategy and contributing to revenue performance. Her approach is shaped by industry experience, a strong commercial focus and an appetite for learning new things.
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Kalshi’s US 500 contract expands its financial derivatives lineup, following Polymarket’s international rollout across stocks, crypto and commodities, but no expiration does not mean no holding costs or liquidation risk.
Three new CFTC filings propose contracts on November trading volume at rival exchanges, with thresholds of $10 billion for Polymarket US, $2 billion for Rothera and $4 billion for DraftKings-affiliated DKeX.
Peggy Flanagan barely leads Republican Michele Tafoya in recent Minnesota Senate polls, but prediction markets still heavily favor the Democrat, a striking disagreement in a state that could complicate the fight for Senate control.
Xavier Becerra is returning campaign contributions from prediction markets platforms as he runs far ahead in the same companies’ California governor markets, an awkward overlap as Kalshi, Polymarket and allied firms spend heavily to shape the regulatory future of their industry.
A federal judge granted Kalshi and Coinbase partial injunctions against Illinois, finding state licensing rules likely conflict with federal law. Wagering fees remain under review. The ruling conflicts with a Wisconsin decision now on appeal to the Seventh Circuit.
Nithya Raman is trading at 60% to win the Los Angeles mayor’s race after a poll gave her an 11-point lead over Karen Bass, but a large bloc of undecided voters leaves the incumbent a path back.
Kalshi plans to end a program that pays traders based on volume nearly a year early, as the CFTC reviews incentive schemes across the industry and Chairman Michael Selig weighs possible action this week.
Prediction markets give Democrats a better-than-60% chance of winning the Senate and a commanding edge in the House, but closely watched Senate races still stand between a favorable map and a majority.
Polymarket US’s 15-minute Bitcoin markets did $91.8M in their first full week, while total Bitcoin volume jumped from just $625K before launch to $101.2M. Volume and trade count both rose about 11.6x, while average trade size barely changed.
Democrats see a path through Republican-held heartland seats that once looked out of reach, but prediction markets remain more cautious.
Republicans are turning allegations about Mary Peltola’s treatment of staff into an attack ad, but prediction markets still favor the Democrat over Sen. Dan Sullivan in a race that could help decide Senate control.
Combined volume across Kalshi and the two Polymarket venues reached $19.46 billion, with Polymarket US combinations accounting for nearly all of its weekly growth.
Brown is favored on Kalshi and Polymarket, but Ohio remains far closer than North Carolina and could be the Republican-held seat that decides whether Democrats have a path to Senate control.
A new poll puts Roy Cooper 11 points ahead of Michael Whatley, while prediction markets treat North Carolina as Democrats’ clearest pickup opportunity on a difficult path to Senate control.
Baltimore is favored in Sunday's Rio matchup. See Polymarket US prices, what a $100 position returns and how new users claim the $50 sign up bonus using Polymarket promo code RATE.
The Sixth Circuit ruled that Ohio and Tennessee can enforce their gambling laws against Kalshi’s sports contracts, deepening the appellate split now headed toward the Supreme Court.
New York sued Polymarket US on September 24, alleging its event contracts violate state gambling law. Polymarket removed the case to federal court; no merits ruling has been issued.
A New York Times/Siena poll puts Susan Collins ahead of Troy Jackson 49% to 46%, knocking Jackson below 70% on Kalshi. More than $9.7 million has traded on the race.
A CFTC staff advisory says contracts on a person's words or attendance may be presumed open to manipulation, so exchanges must justify their safeguards. It is not a rule or ban.
Kalshi now favors Democrat James Talarico over Ken Paxton in the Texas Senate race after it traded as a tie in early September, and new polling gives him a narrow edge.