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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Key Highlights: A Reuters/Ipsos survey of 4,506 U.S. adults revealed broad bipartisan pushback against election betting, with 69% of Democrats and 61% of Republicans opposing prediction markets on electoral outcomes. Prediction exchange Kalshi recently fined and suspended four congressional candidates for placing wagers on their own races, underscoring ongoing concerns over insider trading and conflicts ...
Key Highlights President Donald Trump’s administration is seeking federal regulatory oversight for prediction markets through the Commodity Futures Trading Commission (CFTC). A coalition of 39 U.S. states and the District of Columbia has opposed federal preemption, stating in an amicus brief that the clash has escalated into a “national turf war” likely requiring Supreme Court ...
Key Highlights SEC Chairman Paul Atkins has approved a Cboe Global Markets rule change enabling cash-settled, European-style contracts tied directly to corporate SEC filings. Retail trading platform Robinhood is poised to be the first brokerage to offer the new contracts, with listings anticipated this month pending Cboe Clear U.S. registration. Chairman Atkins emphasized that the ...