DeFi Rate authorMike Breen

The first prediction market bill to clear a committee vote split lawmakers over whether Congress should adopt a narrow ethics measure or a broader ban.

A points-based Arena app would let Meta test prediction markets as a social game before deciding whether to move deeper into real-money event contracts.

The reported IPO talks follow a rapid valuation climb and record trading volume for the prediction market exchange.

CME Group sued the CFTC over its approval of perpetual futures, arguing they are swaps under Dodd-Frank, as Kalshi's new crypto perps draw heavy volume.

Apptopia data shows Kalshi and Polymarket leading new betting app installs during the World Cup, drawing first-time users and hitting active-user highs.

Traders expect the Fed to hold rates at Kevin Warsh's first meeting as chair, so his press conference and related rate, recession and inflation markets are the bigger bets.

Novig targets a summer launch after winning CFTC designation, while ProphetX went live five days after its approval.

A new Coalition for Fair Markets including Kalshi, Crypto.com and Polymarket US sued Kentucky over its prediction market tax and limits on gaming operators' ties to exchanges.

New Mexico becomes the eighth state targeted by the CFTC as the agency pushes back against efforts to treat sports event contracts as gambling.

After a roughly 6-month approval process, ProphetX is moving from a sweepstakes model to a federally regulated sports prediction exchange as peer-to-peer rivals remain in the CFTC queue.

Kalshi says its new safeguards will risk-score contracts, screen some traders before they trade and expand tools for reporting suspicious activity.

World Cup markets on Kalshi and Polymarket show the platforms testing how much of the tournament’s surrounding culture can become tradable.

Bet365's new fantasy product reaches beyond its sportsbook states, but a person familiar with its US strategy said event contracts are not currently in its plans.

Robinhood is using the tournament to test its affiliated Rothera exchange, but some World Cup contracts will still route through Kalshi.

After short seller Andrew Left's conviction, CFTC Chairman Mike Selig said manipulation rules apply to prediction markets, as odds increasingly shape political narratives.

Rothera's soccer contracts may list June 1, giving Robinhood a way to rely less on third-party exchanges such as Kalshi ahead of the World Cup.

The new hub gives Fanatics a FIFA-linked World Cup product while the contracts themselves stay on Crypto.com's CDNA exchange.

DraftKings' Railbird Exchange filed its first sports contracts, covering winner, spread, prop and head-to-head markets, ahead of a planned listing date.

Kalshi rose and Polymarket fell for the week of May 18, lifting Kalshi's share of their combined volume, with sports the largest category on both platforms.

House Oversight Chairman James Comer requested Kalshi and Polymarket records in an insider trading probe and called prediction market regulation the Wild West.