Industry

Industry

Will Trump Fire Kash Patel? Polymarket, Kalshi Odds Signal Growing Exit Risk

Prediction markets are pricing Kash Patel's exit as more likely than not. Our aggregated data shows Patel with a 79% chance to leave the Trump administration this...

Pat Evans

April 28, 2026

Companies across media, gaming and finance are using introducing broker filings to bring prediction markets into existing consumer products

Industry

New Broker Filings Fuel Distribution Race Across Prediction Markets

Prediction market expansion in the U.S. is unfolding not just through new exchanges, but also through companies applying to act as intermediaries. A growing group of firms spanning news...

Mike Breen

April 24, 2026

How institutions hedging real world risk

Industry

Seven Ways Prediction Markets Are Rewriting Institutional Risk Management

Prediction markets are pulling in institutions like a magnet for cleaner real-world hedging. Citadel Securities, one of the world’s largest market makers, has just revealed it is actively...

Alejandro Miguel

April 22, 2026

John Oliver Critiques Prediction Markets

Industry

What John Oliver Got Wrong, Right About Prediction Markets on Last Week Tonight

John Oliver dedicated 32 minutes of his HBO show Last Week Tonight to prediction markets on Sunday night. The comedy news show with millions of viewers marked another mainstream cultural...

Valerie Cross

April 20, 2026

Industry

Ninth Circuit Debates Gaming vs Swaps Divide in Nevada vs. Kalshi Hearing

The US District Court for the Ninth Circuit didn’t let either side off easy in Thursday’s hearing for oral arguments in Nevada’s cases against Kalshi, Robinhood, and...

Valerie Cross

April 16, 2026

FanDuel’s new FCM filing could allow FanDuel Predicts to expand beyond its current CME-based structure and connect to additional exchanges

Industry

FanDuel Files New FCM, Racing DraftKings for Full Prediction Markets Stack

When DraftKings and FanDuel entered the prediction markets space, they made fundamentally different bets on how to build the business. Now both companies have futures commission merchant...

Mike Breen

April 15, 2026

Industry

Ohio Regulators Move to Fine Kalshi $5 Million, Prompting Motion for Injunction

The Ohio Casino Control Commission (OCCC) is escalating enforcement action against Kalshi, announcing intentions to impose a $5 million fine for what it characterizes as “conducting...

Derek Helling

April 15, 2026

Industry

DHS Shutdown Becomes Longest Ever as Traders Price Prolonged Stalemate

The ongoing partial shutdown of the Department of Homeland Security has become the longest in U.S. history, and prediction markets are treating it as a core macro story rather than a niche...

Pat Evans

April 14, 2026

Polymarket’s expanded fee model is driving a surge in revenue, as trading activity across prediction markets is being increasingly monetized through taker fees

Industry

Polymarket Fee Rollout Drives 10X Revenue Jump; USD Token and Platform Overhaul Ahead

Polymarket is rapidly increasing how much revenue it captures from its international prediction market platform, as it expands trading fees across more markets types. Data from Dune...

Mike Breen

April 14, 2026

Industry

CFTC Win Pauses Arizona Case Against Kalshi, Sets Stage for Ninth Circuit Appeal

US district judge Michael Liburdi indicated on Friday that he would grant the Commodity Futures Trading Commission’s request for a temporary restraining order (TRO) preventing Arizona...

Derek Helling

April 13, 2026

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