Joshua Pederson, father of a 12-year-old cancer survivor, condemns prediction markets like Kalshi and Polymarket for allowing bets on clinical trial outcomes, arguing it creates unethical incentives and distances bettors from the human cost.
A federal judge ruled that Utah can enforce its strict anti-gambling laws on prediction markets like Kalshi, a significant win for states seeking to regulate these platforms.
A father shares his emotional turmoil as his 12-year-old son undergoes a clinical trial for recurring cancer, just as prediction market Kalshi moves to allow financial bets on FDA decisions and clinical trial results.
Judge Jed S. Rakoff denied the CFTC's emergency request for a temporary restraining order to block New York from pursuing its enforcement case against prediction market operator Kalshi, finding no showing of irreparable harm or high likelihood of success.
Despite President Trump's announcement of upcoming US-Iran negotiation talks, Kalshi traders remain largely pessimistic about a nuclear deal materializing soon. Odds for a deal before 2027 increased after military strikes were called off but dropped again after talks were announced, with most markets remaining under 50% likelihood.
New York has filed a lawsuit against prediction-market exchange Kalshi in a Manhattan state court, seeking to permanently block its alleged unlicensed sports wagering operations in the state. The suit demands customer restitution, damages, and substantial penalties, intensifying a dispute over whether federal commodities oversight preempts state gambling laws.
Coinbase reported a surprise Q2 net loss of $359 million on $1.22 billion revenue, missing Wall Street expectations as crypto spot trading volumes fell over 20%. Despite the loss, stablecoin revenue grew, and Coinbase gained market share. Broader crypto markets saw majors decline, while Bitcoin ETFs recorded significant inflows.
New York state has sued prediction market operator Kalshi, alleging it runs an illegal gambling operation without a license, allows underage users, and avoids taxes. Kalshi argues it's a federally licensed exchange overseen by the CFTC, not states, and that the lawsuit is "political theater."
New York has sued prediction market platform Kalshi, alleging it operates an illegal gambling business by offering event contracts. The lawsuit seeks to halt operations, recover illegal gains, and impose penalties, while Kalshi defends its federally licensed status amid an escalating jurisdictional dispute with the CFTC.
New York State is suing prediction market Kalshi for at least $36 billion, seeking its shutdown and alleging it operates as an unlicensed gambling business. The action follows a federal-state dispute over regulatory authority, with Kalshi facing similar legal challenges in other states.
Prediction market firm Kalshi demands Netflix remove trailer for "Instadocs: The Prediction Games", alleging defamation and false statements regarding a banned Nevada operation.
Prediction market startup Kalshi significantly exceeded its projections during the 2026 Fifa World Cup, achieving US$27 billion in trading volume and three million users. This success propels Kalshi into wider event contracts, including new markets for clinical trials and FDA reviews, despite ongoing regulatory challenges.
Un trader affirme sur X avoir transformé 1 000 dollars en plus de 16 000 dollars en dix semaines grâce à des prompts Grok sur les marchés prédictifs. Cette performance, invérifiable et utilisée à des fins promotionnelles, intervient alors que Grok s'intègre officiellement à Polymarket et Kalshi, malgré des résultats contrastés pour les IA dans le trading réel.
Ahead of the Federal Reserve's rate decision, prediction markets like Kalshi and Polymarket are experiencing significant institutional growth. Firms and AI agents use event contracts for price discovery and trader evaluation, with monthly volumes reaching billions, despite challenges in execution and potential for concentrated edge.
Institutional crypto trading platform Talos has integrated with Kalshi, enabling select clients to trade Kalshi's event contracts and crypto perpetuals using their existing Talos infrastructure. This move aims to lower operational hurdles for professional trading firms, coinciding with record trading volumes in prediction markets despite ongoing regulatory scrutiny and legal battles in the US.
Prediction market platform Kalshi launched its 'Midterms Hub,' allowing users to view traders' expectations for U.S. Senate and House races. The hub integrates market odds with polling averages, fundraising data, and news, aiming to provide unbiased political insights backed by real money.
Kalshi, Polymarket, and the casino/gaming sectors are engaged in a lobbying arms race in Washington, spending millions to influence lawmakers amid increasing scrutiny of prediction markets from Congress and regulators over their classification as financial products or sports betting.
Prediction markets Polymarket and Kalshi saw $5.57B in World Cup trading volume, pushing the sector into mainstream sports betting. While a few traders captured most profits, the surge highlights potential commercial applications but also intensifies US regulatory scrutiny over whether these platforms are derivatives or gambling.
La finale du Mondial a généré 5,69 milliards de dollars de volume sur les marchés prédictifs Kalshi et Polymarket. Cette croissance massive attire de nouveaux acteurs mais déclenche une bataille réglementaire entre la CFTC et neuf États américains sur la classification des contrats sportifs.
Prediction market Kalshi recorded $40 billion in World Cup wagers, sparking skepticism from sportsbooks and regulators who argue it operates as an unlicensed gambling app. Kalshi claims it's a federally regulated financial product, not subject to state gaming taxes or age restrictions, leading to over 20 federal lawsuits and a potential Supreme Court case.
Kalshi is expanding its prediction markets to include wagers on drug trial results, aiming to increase transparency in drug development. This pilot program, in partnership with AppliedXL, faces criticism regarding market manipulation and insider trading. Kalshi also paused plans for flight cancellation bets after FlightAware disavowed data use.
A White House teleprompter operator, Gabriel Perez, is under investigation for allegedly using inside information to make nearly $100,000 on a prediction market platform by betting on words President Trump would use in speeches. His account was frozen, and he is now on unpaid leave from the White House.
Prediction market Kalshi gained 3 million new users and saw over $1.2 billion traded on its World Cup contracts, a record for a single market. The platform utilized high-profile marketing campaigns but faces regulatory challenges from states arguing its sports contracts are akin to sports betting.
Major Wall Street banks like Goldman Sachs, Morgan Stanley, and Bank of America are implementing new restrictions on employee trading on prediction market platforms due to concerns about the use of nonpublic information. This follows increased scrutiny from US lawmakers and regulators.
