DeFi Rate authorPat Evans
Stories by Pat Evans
1–20 of 145, newest first
- CME Stops Adding Sports and Awards Futures, Letting Existing Markets Run Off
CME will stop listing new sports and cultural event contracts, including the Oscars and Grammys, and let existing positions trade until they expire.
- Kalshi Seeks Ninth Circuit Rehearing as Robinhood Takes Nevada Prediction Market Fight to Supreme Court
Kalshi asked the full Ninth Circuit to rehear its Nevada loss, while Robinhood asked the Supreme Court to review the same ruling, joining New Jersey's petition.
- Michigan Senate Markets Give El-Sayed Significant Edge as Polling Shows a Dead Heat
Kalshi and Polymarket favor Abdul El-Sayed in Michigan's open Senate race, while a new Detroit-area poll gives Republican Mike Rogers a narrow lead.
- Kalshi Sees Democrats Holding New Hampshire Senate Seat Despite Toss-Up Talk
Chris Pappas and John E. Sununu won their primaries, and Kalshi traders give Pappas a strong chance to hold New Hampshire's Senate seat despite talk of a toss-up.
- Tenth Circuit Backs Utah in New Blow to Kalshi’s Sports Prediction Markets
The Tenth Circuit ruled Utah may enforce its gambling laws against Kalshi's sports contracts, another appellate loss as New Jersey asks the Supreme Court to decide.
- Robinhood Picks OG.com to Power Prediction Markets, Takes Equity Stakes in Crypto.com
Robinhood chose Crypto.com's OG.com as an infrastructure and clearing partner for its prediction markets and took minority stakes in both companies.
- Robinhood Will Halt Michigan Sports Prediction Markets as State Fight Spreads Beyond Kalshi
Robinhood will stop offering new sports contracts to Michigan customers and close open positions, extending the state's crackdown beyond Kalshi.
- NFL Again Demands Prediction Markets Pull ‘Objectionable’ Bets Ahead of Kickoff
Before the season, the NFL again told Kalshi, Polymarket and other exchanges to pull contracts on injuries, officiating, broadcast mentions and easily manipulated plays.
- Texas Senate Race Continues To Trade Like a Toss-Up as Paxton Holds a Thin Kalshi Edge
Kalshi gives Ken Paxton a thin edge while Polymarket narrowly favors James Talarico, as Republicans including Ted Cruz and John Thune say Texas is no longer safe.
- Over $106M Has Been Traded on LA’s Mayor Race as Bass Holds a Narrowing Edge
Karen Bass remains the favorite in heavily traded Los Angeles mayor markets, but Nithya Raman is gaining ground and won the local Democratic Socialists' endorsement.
- New Jersey Asks Supreme Court to Decide Whether Prediction Markets Are Sportsbooks or Swaps
New Jersey asked the Supreme Court to review its loss to Kalshi, days after the Ninth Circuit ruled the opposite way for Nevada on whether sports contracts are swaps.
- Polymarket Reportedly Hits $21B Valuation in New $1B Funding Round
Polymarket is reportedly raising new funding at a valuation close to Kalshi's, even as courts question whether its sports contracts belong under federal derivatives law.
- Ninth Circuit Deals Kalshi Major Blow, Rules Sports Event Contracts Aren’t CFTC-Regulated Swaps
The Ninth Circuit ruled Kalshi's sports contracts are sports bets, not swaps, letting Nevada enforce its gaming laws and deepening a split with the Third Circuit.
- AOC and Ossoff Overtake Newsom in 2028 Democratic Presidential Nominee Prediction Markets as Money Floods In
Alexandria Ocasio-Cortez and Jon Ossoff have passed Gavin Newsom in 2028 Democratic nomination markets as trading on Kalshi and Polymarket keeps growing.
- Prediction Markets Call Trump Candidate Wins In South Carolina and Oklahoma Runoffs, Margins Show His Grip Still Has Limits
Trump-backed Darline Graham Nordone and Mike Mazzei won their runoffs as markets expected, but their narrow paths show his endorsement does not make candidates invincible.
- Trump Doubles Down on Mazzei in Oklahoma Governor Runoff After Prediction Markets Missed First Round
Mike Mazzei was the market favorite but finished behind Gentner Drummond in Oklahoma's Republican governor primary, and Trump is stepping up his support before the runoff.
- Cook Moves Texas and Iowa Toward Democrats, but Prediction Markets Still See Different November Risks
Cook Political Report moved the Texas and Iowa Senate races to toss-ups, and prediction markets reflect a tighter picture, especially in Texas between Ken Paxton and James Talarico.
- Scott Jennings Leads Next Trump Press Secretary Prediction Markets as White House Considers Candidates
CNN contributor Scott Jennings leads Kalshi's market to replace departing White House press secretary Karoline Leavitt, as Trump reportedly prefers a man for the role.
- Prediction Markets Nail Alaska Primary, Get a Florida Surprise as November Map Starts to Take Shape
Mary Peltola finished first in Alaska's Senate primary as markets expected, while Angie Nixon's upset of Alex Vindman was Florida's surprise.
- Prediction Markets See Alaska Senate as a Coin Flip as Peltola Targets Crucial Democratic Pickup
Mary Peltola is seeking a Democratic Senate pickup in Alaska, where the top-four primary adds uncertainty and markets price November as roughly even.