Kalshi is making another push to position itself as more than just an event contracts platform. The company announced two new initiatives this week that target different audiences but share the same goal: making prediction markets more useful for both institutional firms and everyday users. On one side, Kalshi has…
Kalshi is making another push to position itself as more than just an event contracts platform. The company announced two new initiatives this week that target different audiences but share the same goal: making prediction markets more useful for both institutional firms and everyday users. On one side, Kalshi has…
Wildfire prediction markets are facing fresh political attention after a group of Democratic senators asked the Commodity Futures Trading Commission (CFTC) to examine whether certain wildfire-related event contracts should be allowed. The lawmakers argue that markets tied directly to wildfires could create unintended incentives, especially during another severe fire season…
Australia's financial regulator is sending a pretty clear message: prediction markets aren't legal there, and consumers should think twice before using offshore platforms like Polymarket or Kalshi. As these platforms continue growing around the world, the Australian Securities and Investments Commission (ASIC) says people using them are giving up important…
The Los Angeles Dodgers’ Saturday trade acquisition of pitching ace Tarik Skubal pushed their chances of winning the World Series even higher at leading prediction markets. Kalshi and Polymarket both showed a spike in the Dodgers’ probability of winning their third straight championship immediately and in the days following the…
A federal court case involving Polymarket could become one of the most closely watched legal battles the prediction market industry has seen. A U.S. Army special forces soldier accused of using classified information to profit from prediction market contracts is now asking a judge to dismiss the charges, arguing that…
Prediction markets have attracted another major institutional player. Crypto market maker Wintermute announced it is becoming a liquidity provider for event contracts. This move could make prediction markets more efficient as trading volume continues to climb across the industry. The company processes roughly $3.5 trillion in annual trading volume across…
The cascading momentum of prediction markets hit record highs in July, with the top three platforms producing $50.6 billion in trading volume. Polymarket, Polymarket US, and Kalshi were responsible for reaching the total figure, according to data published on Sunday evening. That’s after the entire prediction industry generated $50.8 billion…
Hyperliquid is making a bigger move into prediction markets, but it isn't trying to copy what companies like Kalshi or Polymarket have already built. Instead, the crypto-focused derivatives platform is introducing a system that lets users create their own prediction markets, provided they're willing to commit significant capital. The update…
Prediction markets have always rewarded people who can process information faster than everyone else. Now, the fastest traders are being rewarded as the markets fill up with casuals. A growing number of traders are building sophisticated systems powered by artificial intelligence, custom software and even specialized hardware in an effort…
High profile insider trading cases for prediction markets have become the norm, and one of the most recent involved George Santos and the State of the Union address. On Friday, former Congressman George Santos reached a settlement over trading activity tied to a Kalshi market on whether he would attend…