Markets
Raven’s prediction-market valuation more than triples to $90m
Prediction-market liquidity provider Raven has more than tripled its valuation to $90 million in a round led by Coinbase Ventures & CMCC Global.
Reporting
Regulation
Judge partly backs Coinbase & Kalshi in Illinois fight
Coinbase, the CFTC & Kalshi are fighting Illinois in federal court after a cease-&-desist letter & new prediction-market trading fees.
Regulation
44 state AGs vs Kalshi’s lobbying millions
Kalshi is funding the political groups that back the state attorneys general trying to regulate it as gambling.
Regulation
New York sues Polymarket as it rolls out self-exclusion tools
Polymarket has introduced voluntary deposit limits & self-exclusion tools as New York's gambling lawsuit against it continues.
Regulation
CFTC clears Coinbase to settle futures & swaps
The CFTC has approved Coinbase as a derivatives clearing organisation, but prediction markets are not covered.
Markets
Traders slash Fed hike odds from 35% to 16% in a day
Polymarket's Fed rate-hike contract fell 19 points in a day, sending October odds down to 16%.
Markets
Kalshi volume hits $60bn a month as relapse stories mount
A 35-year-old Pennsylvania man banned from DraftKings & FanDuel says he relapsed on Kalshi, running up heavy losses before the firm finally barred him.
Politics
Raman flips to 60% in LA mayor race as $98m trades on Kalshi
Nithya Raman has overtaken LA Mayor Karen Bass on Kalshi after a poll put her ahead by 11 points.
Politics
Kansas Democrat odds jump 21pts to 39% on PredictIt
Traders on PredictIt now price Kansas Democrats at 39% to win the 2026 governor's race, up from 18% a day earlier.
Markets
Polymarket US beats Kalshi’s launch-week 15-min Bitcoin volume by 406x
Polymarket US's new 15-minute Bitcoin markets took in $92m in their first full week, far outpacing Kalshi's launch.