Prediction Market and Crypto News
Stay informed with the latest updates, analysis, and insights from the prediction markets and DeFi ecosystem.
Legal News & Updates
New Mexico Attorney General Sues Kalshi in State Court Over Sporting Event Contract Trading
The lawsuit in the Santa Fe County District Court seeks an injunction blocking trades of event contracts connected to sports and a declaration that such trades qualify as sports...
Derek Helling
June 5, 2026
Crypto
Cycles Raised $6.4M to Build the Clearing Layer Crypto Is Still Missing
Cycles raised $6.4 million to build privacy-preserving clearing infrastructure for crypto markets, built on the case that stablecoins alone can't solve the industry's liquidity problem....
Iliana Mavrou
June 4, 2026
US Elections
Democratic Momentum Builds in Iowa Senate Race But Odds Still Lean Republican
Iowa's open Senate race is drawing new Democratic optimism after Josh Turek's primary win, but prediction markets still favor Republicans, creating one of the clearest media-versus-market...
Pat Evans
June 4, 2026
US Elections
Murphy Upsets Prediction Markets in New Jersey GOP Senate Primary
Justin Murphy stunned prediction markets in New Jersey’s GOP Senate primary, defeating an 80% favorite as traders poured more than $600K into a race with little impact on...
Pat Evans
June 4, 2026
US Elections
Iowa Governor Primary Hands Trump and Prediction Markets a Rare Miss
Trump-backed Randy Feenstra entered Iowa’s GOP governor primary with 80% prediction market odds, but 19% underdog Zach Lahn pulled off the upset. What it means for Iowa and 2026...
Pat Evans
June 3, 2026
US Elections
Prediction Markets See Bass-Pratt Runoff Taking Shape For Los Angeles Mayor
Prediction markets favor a Karen Bass–Spencer Pratt runoff in the Los Angeles Mayor race. Despite Pratt's surge, traders still give Bass a commanding 75% chance to win...
Pat Evans
June 3, 2026
US Elections
Prediction Markets Still Favor Becerra as California Primary Count Drags On
As California governor primary votes continue to be counted, Xavier Becerra remains the frontrunner at prediction markets with odds at 77-81% to be the next Golden State...
Pat Evans
June 3, 2026
Crypto
The CFTC ‘Fit a Square Peg in a Round Hole’ to Bring Crypto Perps Onshore
The CFTC's approval of Bitcoin perps on Kalshi opens US traders to crypto's dominant instrument. Former agency counsel Peter Sanchez Guarda says the legal theory behind it has never been...
Iliana Mavrou
June 3, 2026
Legal News & Updates
Congress Members Call on Inspector General to Review CFTC Regulatory Practices
Letter mentions CFTC’s “posture concerning prediction markets” in request for investigation into the agency’s compliance and resource...
Derek Helling
June 3, 2026
Industry
Polymarket Trader Loses $500K After Rules Change on Microstrategy BTC Market
A $175 million Polymarket market on MicroStrategy's Bitcoin holdings resolved against traders after the platform posted a late rules clarification, reigniting questions about whether its...
Valerie Cross
June 2, 2026