US Federal Judge Aleta Trauger granted Kalshi a preliminary injunction against Tennessee, finding its sports event contracts fall under CFTC jurisdiction.
Kalshi News
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Researchers said Kalshi’s “rich intraday dynamics” enable it to measure expectations in real-time when major financial events and announcements are made.
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Kalshi is looking to have Nevada’s lawsuit heard in federal court, again asserting it is subject only to federal commodity exchange laws.
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The Prediction Markets Working Group, launched by The Digital Chamber, will champion the sector’s values while advocating for the CFTC to maintain primary oversight.
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Wall Street–style liquidity is reportedly moving into prediction markets, signaling a shift toward deeper markets, higher volumes and greater institutional participation.
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Kalshi has seen nearly $170 million in Super Bowl-related bets, and its move to boost oversight comes amid scrutiny of prediction markets by regulators and Congress.
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Polymarket will migrate from bridged USDC on Polygon to Circle-issued native USDC, reducing reliance on cross-chain bridges as prediction markets expand.
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The grocery giveaways come as Kalshi and Polymarket lead prediction market trading volumes, which have recently exceeded $400 million per day.
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Coinbase says its Kalshi-powered prediction markets are now available nationwide, offering event contracts tied to sports, politics and culture.
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The predictions market platform announced two new hires related to state policy efforts and relations with the federal government.
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Bitcoin bull market optimism has suffered since the October crash, as chances of a short-term BTC price rally above $100,000 appeared to be fading.
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A preliminary injunction against the prediction markets platform reportedly came at the request of Massachusetts Attorney General Andrea Joy Campbell.
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The moves highlight growing uncertainty over whether crypto prediction markets are to be treated as finance or gambling.
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Insider trading is hard to curb on non-KYC prediction markets, but even identity checks do not fully eliminate abuse, according to Messari’s Austin Weiler.
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Backpack exchange launched an invite-only beta for its Unified Prediction Portfolio, letting users hedge and trade across markets in a single crypto account.
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