DraftKings filed its first event contract templates with the CFTC this week. At the same time, U.S. authorities charged a Google employee with using confidential company data to trade on Polymarket, while the gambling industry intensified its criticism of prediction markets. Here’s what mattered this week. The Insider Who Knew Too Much On May 27,…
U.S. President Donald Trump said it was “critically important” that the CFTC keep “exclusive authority” over prediction markets, echoing CFTC Chair Michael Selig in a post on Truth Social, his social media platform, late Tuesday afternoon. “Under my leadership, we are setting ‘rules of the road’ that are the Gold Standard for the States,” he…
Prediction markets are moving into new distribution channels faster than regulators can agree on what they are. This week, Polymarket pushed further abroad while questions grew over how it resolves disputed markets. Sporttrade began moving away from state sportsbook licenses toward the CFTC model. And the SEC slowed a wave of prediction market ETFs that…
This week, Interactive Brokers integrated contracts from Kalshi, CME Group, and ForecastEx into a single trading platform for retail and institutional clients. At the same time, the SEC slowed down a wave of prediction market ETFs, while the CFTC eased reporting requirements for operators. Here’s what mattered this week. Interactive Brokers Brings Prediction Markets Into…
Online betting giant Flutter Entertainment NYSE: FLUT has been one of the market’s biggest losers for the better part of a year. The stock topped $300 per share in July 2025, hit an all-time high in August, and has since come crashing down. Overall, shares have fallen more than 60% from the August high, and…
Kalshi raised $1 billion this week at a $22 billion valuation, one of the largest financings yet in prediction markets. At the same time, the CFTC closed its public comment window on prediction market regulation after receiving more than 1,500 submissions. Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!)….
Prediction markets are beginning to develop an algorithmic trading layer similar to traditional electronic markets. A new startup, Elastics, is building tools aimed at accelerating that shift. Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!) Elastics, founded by former Goldman Sachs professional Szymon Pawica, has raised $2 million in…
Key Takeaways: Hyperliquid launched HIP-4 Outcome Markets on mainnet May 2, 2026, with BTC daily binary contracts live and trading. HIP-4 charges zero fees to open positions, directly targeting Polymarket and Kalshi for onchain prediction market volume. Builders can deploy permissionless markets in a later phase by staking 1,000,000 HYPE, with slashable stakes burned if…
A U.S. soldier was indicted for using classified information to trade on Polymarket. At the same time, lawmakers in Congress moved to restrict trading by their own members. Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!). Three events in two days converged into one argument: the regulatory frame for…
A U.S. Senate that’s struggled to move crypto market structure legislation moved like lightning on Thursday to ban themselves from participating in prediction markets. Acting on a simple, 14-line resolution pushed by Ohio Republican Senator Bernie Moreno, the Senate agreed unanimously to put a restriction between members and the increasingly popular, controversial betting platforms that…