Regulation
Utah charges Kalshi bosses, rivals pull back contracts
Fanatics, DKeX & FanDuel Predicts are restricting Utah access to prediction contracts after Utah charged Kalshi executives.
Reporting
Markets
Robinhood’s event contract revenue up 6x as crypto slumps 55%
Robinhood's prediction markets business out-earned its crypto arm in the third quarter.
Crypto
Traders price Anthropic topping Bitcoin’s value at up to 79%
Polymarket traders put up to 79% odds on Anthropic's valuation topping Bitcoin's market cap before 2026 ends.
Regulation
Democrats accuse X of blocking reports on Polymarket ads
Four Democratic senators say X lets users report every advertiser except Polymarket.
Regulation
Utah files criminal charges against Kalshi’s CEO & COO
Utah has filed criminal charges against Kalshi's CEO & COO over alleged illegal gambling.
Regulation
Kalshi & Polymarket’s fate hangs on CFTC’s 10-state war
The CFTC is suing 10 states over who regulates prediction markets, & its chair says he'll take the fight to the Supreme Court.
Markets
Polymarket adds $1.2m goodwill on top of $2.7m refunds
Polymarket is paying $1.2m in goodwill refunds on top of $2.7m returned to hacked wallets after a third-party script attack.
Markets
Kalshi’s valuation hits $40bn as it builds beyond betting
Kalshi raised $1bn at a $40bn valuation, nearly double its May price, as it pushes into stock perpetuals & compute markets.
Politics
Traders price Talarico 67.5% to flip Texas Senate seat
Prediction markets give Rep. James Talarico a 67.5% chance of beating Attorney General Ken Paxton for the Texas Senate seat.
Crypto
Polymarket pledges full refunds after alleged $2.7bn wallet theft
Binance has frozen $2.54bn & Polymarket has pledged refunds after separate alleged hacks rattled crypto markets.