DeFi Rate authorMike Breen

Polymarket's filing for a Combinatoric Athletic Outcome Contract could bring multi-leg sports markets to its regulated US exchange as rivals add parlay-style products.

Aubry Bracco was priced as a heavy favorite weeks before the season aired, while Kalshi’s broader Survivor slate drew more than $40 million and renewed questions about taped-show markets.

Polymarket's new contracts use Nasdaq Private Market data to let traders speculate on whether OpenAI, SpaceX, Anthropic and others hit valuation thresholds.

The CFTC is seeking to block what it calls "the first outright ban on 'prediction markets' in the United States" before Minnesota's new law takes effect Aug. 1.

Kalshi became the National Council on Problem Gambling's first prediction market member, funding its consumer protection work as the industry faces pressure over safeguards.

IBKR’s new prediction markets interface gives its clients one place to access, compare and trade ForecastEx, Kalshi and CME event contracts.

House Democrats asked for subpoenas to identify traders behind suspicious Iran-linked trades, and Chairman James Comer said Oversight is seeking operators' information.

Moomoo plans to offer US event contract trading through its newly NFA-approved brokerage arm, though it has not said which exchange will supply the contracts.

Minnesota negotiators inserted the state's proposed prediction market ban, with felony penalties, into a must-pass omnibus public safety bill.

DraftKings reported rising prediction market volume and falling acquisition costs, and said its Railbird exchange and parlay-style combos will launch within weeks.

Flutter said FanDuel Predicts earned little revenue in the first quarter but kept its investment plan and is testing market making ahead of the World Cup and NFL season.

The Senate banned its members from prediction market trading within a week, but Kalshi and Polymarket traders doubt Congress will pass a stock trading ban this year.

Limitless, a blockchain prediction market on Base, has a US entity applying to the CFTC to become a designated contract market after its busiest month yet.

Unlike sportsbooks, prediction markets face no responsible-gambling mandates, and problem-gambling advocates are urging the CFTC to require nationwide protections.

Bloomberg reports Polymarket is talking with the CFTC about reopening its main offshore exchange to US users, though some of its contract types may face limits.

Robinhood reported a record quarter for event contracts that helped offset a sharp drop in crypto revenue, and plans to launch its own Rothera exchange this quarter.

DAZN, Newsmax and others have applied to become introducing brokers, a route to offer prediction markets to their audiences without running an exchange.

Wisconsin sued Kalshi, Polymarket and Crypto.com, and named Robinhood and Coinbase, arguing sports event contracts are indistinguishable from ordinary sports bets.

New York Attorney General Letitia James sued Coinbase and Gemini, alleging their prediction market products are illegal gambling and seeking large penalties.

Polymarket is reportedly weighing a raise at a higher valuation than its ICE deal, while Kalshi's valuation has climbed past it after several rapid rounds.