Prediction Market and Crypto News

Stay informed with the latest updates, analysis, and insights from the prediction markets and DeFi ecosystem.

US Elections

Texas Political Volume at Kalshi Focusing on Cornyn-Paxton Runoff

Texas political markets have reached $24.2 million of trading volume on Kalshi, but less than $200K in open interest separates Paxton from...

Derek Helling

May 25, 2026

The House Oversight Committee requested internal records from Kalshi and Polymarket as part of an investigation into suspicious prediction market trading

Regulation & Policy

Congress Seeks Kalshi, Polymarket Records Amid ‘Wild West’ Insider Trading Concerns

The House Oversight Committee is seeking internal records that could help identify traders behind suspicious activity, while Chairman James Comer called the regulatory environment for...

Mike Breen

May 22, 2026

justice statue and scales in front of supreme court building

Legal News & Updates

Ninth Circuit Denies Kalshi Stay in Washington Case, Setting Up Supreme Court Appeal

Kalshi could soon file a petition for review with the US Supreme Court after the Ninth Circuit declined to afford it protection from enforcement in...

Derek Helling

May 22, 2026

Polymarket US is seeking to add parlay-style sports contracts as prediction market operators expand multi-leg trading products

Industry

Polymarket US Self-Certifies Parlay-Style Sports Contracts With CFTC

The 'Combinatoric Athletic Outcome Contract' filing could bring multi-leg sports markets to Polymarket’s regulated U.S. exchange as prediction market operators race to add parlay-style...

Mike Breen

May 21, 2026

US Elections

Trump’s Primary Wave Hits Texas Senate Runoff but Markets Still See Democratic Senate Path

Prediction markets pushed Ken Paxton to dominant odds after President Trump’s endorsement in the Texas Senate runoff, continuing a trend seen in Louisiana and Kentucky while Senate...

Pat Evans

May 21, 2026

Kalshi traders heavily favored Aubry Bracco before the Survivor 50 finale, raising new questions about prediction markets tied to pre-taped entertainment

Industry

Who Won Survivor 50? Kalshi Traders Picked Aubry Early Despite ‘No Evidence’ of Insider Trading

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...

Mike Breen

May 21, 2026

A Senate hearing on sports integrity put prediction markets under scrutiny as lawmakers questioned whether sports event contracts sidestep state betting rules

Regulation & Policy

Senate Sports Betting Integrity Hearing Scrutinizes Prediction Markets

Lawmakers discussed sports prediction markets during a Senate hearing focused on betting integrity, youth protection and the limits of CFTC...

Pat Evans

May 20, 2026

Industry

Kalshi, Polymarket Rank No. 43 and 48 on CNBC Disruptor 50 List: Should They Be Higher?

The rankings recognize prediction markets as a category for the first time, and place two $15B+ companies in the bottom fifth of the list. We explore whether they should rank...