Topic Archive

#Prediction markets

63 Stories Found

Coins•Oct 29, 2026

Polymarket Suspends Trading Following Third-Party Breach and User Losses

Key Highlights: Prediction market platform Polymarket temporarily suspended trading following a security compromise involving an external third-party provider. The breach affected account balances on Polymarket’s international venue, with several users reporting unauthorized asset withdrawals on X. Polymarket announced that the underlying vulnerability has been resolved, affected users will be made whole, and the incident has ...

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Coins•Oct 29, 2026

Utah Charges Prediction Market Platform Kalshi With Illegal Gambling

Key Highlights: Utah has launched parallel civil and criminal legal actions against prediction platform Kalshi over state gambling violations. Kalshi and the Commodity Futures Trading Commission (CFTC) argue these event contracts are federally regulated financial derivatives, prompting the CFTC to sue Utah over jurisdiction. A growing coalition of states—including Arizona, Connecticut, Massachusetts, Michigan, and Nevada—are ...

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Coins•Oct 29, 2026

CFTC Sues Utah to Block State Gambling Crackdown on Kalshi

Key Highlights Utah Attorney General Derek Brown filed a lawsuit targeting multiple Kalshi entities to stop sports and election prediction markets in the state. The state seeks between $30.6 million and $61.2 million in recovered fees, asserting that Utah’s strict constitutional gambling prohibition denies legal authorization for the exchange’s contracts. The clash marks the tenth ...

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Coins•Oct 28, 2026

Polymarket Reduces Time Limit to 5 Minutes for Bitcoin, Ethereum, Solana, and XRP Markets

Key Highlights: Polymarket US has rolled out five-minute cryptocurrency prediction contracts for Bitcoin, Ethereum, Solana, and XRP. Market outcomes rely on a 60-second average of CF Benchmarks real-time indices to prevent manipulation from sudden, last-second price spikes. Operated by QCX LLC, the platform runs separately from the global Polymarket brand under regulatory oversight from the ...

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Coins•Oct 27, 2026

Polymarket Faces Fresh CFTC Scrutiny Over Offshore Platform Access

Key Highlights Federal regulators have renewed scrutiny into Polymarket’s compliance systems and geographic restrictions. The inquiry focuses on user access protocols, VPN prevention, and the company’s expanding United States operations following its 2025 exchange acquisition. Heightened market activity has brought increased regulatory focus on insider trading risks, following prior enforcement actions involving prediction market wagers. ...

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Coins•Oct 27, 2026

CFTC Sues Utah to Protect Kalshi’s Ability to Offer Betting Markets

Key Highlights Federal preemption disputes intensify as three federal appellate courts split decisions on prediction markets, with two favoring state authority and one backing Kalshi. Utah Attorney General Derek Brown targets Kalshi over online gambling allegations following a favorable state ruling currently under appeal. Former CFTC Chair Gary Gensler files a Supreme Court brief arguing ...

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Coins•Oct 25, 2026

Binance Futures Launches Predict.fun Pre-Market Perpetuals for PREDICT Token

Key Highlights: Binance Futures has introduced a pre-market perpetual contract for Predict.fun’s native token, PREDICTUSDT, offering up to 5x leverage and backed by Multi-Assets Mode margin. Trading mechanics feature an ultra-tight pre-market funding rate capped at +0.005% per four-hour interval, which will widen up to 400 times (±2.00%) once it transitions to a standard perpetual ...

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Coins•Oct 24, 2026

Memecoin Launchpad Pump.fun Flips Futures Exchange Hyperliquid in Daily Revenue

Key Highlights: Pump.fun surpassed Hyperliquid in 24-hour protocol revenue, driven by robust user engagement in memecoin trading. Hyperliquid maintained its lead over Pump.fun across the broader seven-day revenue comparison period. Prediction market sentiment for Hyperliquid softened, with the odds of reaching a $100 target by December 31, 2026, falling from 36% to 27.5% in 24 ...

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Coins•Oct 23, 2026

Robinhood Sees Surge in Bitcoin and Gold Prediction Markets as Traders Move Beyond Sports

Key Highlights: Robinhood is rapidly expanding its prediction market offerings through a partnership with federally regulated exchange Kalshi, branching well beyond traditional election wagering. Trading volumes are increasingly driven by financial and macroeconomic outcomes—such as the Federal Reserve’s interest rate decisions—as well as ultra-short-term crypto contracts settling in just 15 minutes. Event contracts are serving ...

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Coins•Oct 23, 2026

Pentagon Bans Personnel from Using Insider Knowledge on Prediction Markets

Key Highlights: A Pentagon memorandum warns that wagering on military outcomes creates conflicts of interest that threaten discipline and operational readiness. U.S. Army soldier Gannon Ken Van Dyke faces federal charges for allegedly trading on classified intelligence linked to Operation Absolute Resolve. Prosecutors allege Van Dyke placed 13 wagers totaling $33,034 on Polymarket regarding Venezuelan ...

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Coins•Oct 23, 2026

Polymarket Reportedly Fires Marketing Chief, a Close Friend of the CEO

Key Highlights Decentralized prediction market Polymarket has terminated Chief Marketing Officer Matthew Modabber following an internal investigation. The probe examined multiple incidents that alarmed investors, including allegations that Modabber’s team developed a webpage promoting fake trades. Modabber, who joined as CMO in January 2024 and is a close personal friend of CEO Shayne Coplan, is ...

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Coins•Oct 19, 2026

Missouri Issues Cease-and-Desist Orders to Polymarket and Kalshi

Key Highlights Missouri authorities have issued formal warnings to event market operators, demanding they cease offering sports-based event contracts within 30 days or face legal enforcement. State officials argue these platforms unlawfully bypass licensing fees and a 10% wagering tax on adjusted gross revenue by classifying bets as CFTC-governed swaps. The dispute escalates a nationwide ...

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