Focus Areas

Editorial Director
Valerie Cross, Ph.D., is a prediction markets reporter and editor with over seven years covering the regulated gaming and betting industry. She previously served as Editor-in-Chief at Catena Media North America and now directs content at DeFi Rate.
Data Analysis
Valerie compiles DeFi Rate's weekly Kalshi volume reports, breaking down trading activity by category, surfacing trending markets, and tracking how volume shifts week over week. Each report pairs raw data with context on what's driving the numbers — from regulatory catalysts to viral moments.
Legislation
She spent five years as Editor-in-Chief at Catena Media, where she tracked monthly revenue, handle, and market share across state-regulated sports betting and iGaming markets like Pennsylvania, Michigan, and New Jersey. She brings that same data-driven approach to DeFi Rate's news coverage.

Background

Valerie Cross is a reporter, editor and prediction markets analyst with more than a decade of experience covering legal gaming, regulated betting, and emerging wagering-adjacent markets. Before joining DeFi Rate in 2026, she reported on the emerging prediction markets landscape, with a focus on industry news, regulation, and real-world use cases. Previously, Valerie served as Editorial & Content Director at Prediction News and as Editor-in-Chief at Catena Media, where she led large-scale content and newsroom operations across regulated gaming news verticals. She holds a BA from Furman University and MA and PhD degrees from Indiana University.

Valerie’s writing has appeared across leading gaming and prediction markets publications, with a focus on explanatory journalism and industry analysis. She has held senior editorial leadership roles at multiple industry publications. Her work focuses on clear, accurate reporting at the intersection of markets, regulation, and consumer impact.

When she’s not reporting or editing, Valerie can usually be found traveling, staying active, attending sporting events, and going down rabbit holes on finance, investing, and data-driven betting and trading tools. On occasion, she also moonlights at mid-stakes poker tournaments — purely for research purposes, of course.

Experience

Editorial & Content Director
Prediction News
1 year
Editor-in-Chief
Catena Media
4 years
Journalist
Catena Media
2 years

Recent Articles

Legal News & Updates
Gary Gensler Warns in Ohio Brief: If Kalshi Is Right, All Sports Betting Is Illegal
Gary Gensler, former Goldman Sachs partner, CFTC chairman from 2009-2014 and SEC chair from 2021-2025, has seen Dodd-Frank from every angle. He helped negotiate it, implemented it as CFTC chairman, and testified before Congress 54 times defending it. On Thursday, he filed an amicus brief in the Sixth Circuit arguing that his former agency and […]
June 12, 2026
Regulation & Policy
CFTC Prediction Markets Rule Defines Gaming, Draws Line on Micro-Bets and Injury Markets
The Commodity Futures Trading Commission (CFTC) published its long-awaited prediction markets proposed rule Wednesday, putting the first formal regulatory text for event contract derivatives on the table after years of litigation, a withdrawn 2024 proposal, and a compressed rulemaking process that moved from ANPRM to White House review in under a month. The proposed rule […]
June 10, 2026
Prediction Market Reports
Kalshi Sets $17.9B Record May as World Cup Lifts Polymarket US to Weekly High
Kalshi closed May with $17.91 billion in notional volume, its ninth consecutive monthly record and a 21% jump from April’s then-record $14.81B, according to DeFi Rate’s prediction markets volume tracker. Polymarket posted $7.08 billion in the same month, representing a 21% decline from its $10.57B March peak and its lowest monthly total since January. The […]
June 8, 2026