Kalshi Probes Bets on Trump Press Secretary Pick Placed Before News
The prediction market is reviewing wagers on Trump's press secretary selection after bets placed ahead of the announcement carried large potential payouts.
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Original coverage across the crypto market, updated daily.
The prediction market is reviewing wagers on Trump's press secretary selection after bets placed ahead of the announcement carried large potential payouts.

Treating event contracts as swaps could bolster the agency's argument that it holds exclusive federal jurisdiction over such products on regulated prediction markets.

Reuters reports the prediction market is negotiating a round that would value it at $40 billion, up from $22 billion four months ago.

All 11 Democratic members of the Senate Banking Committee want Chairman Tim Scott to convene a public hearing on prediction markets after Republicans met privately with Kalshi's CEO.

The CFTC's Division of Market Oversight says prediction contracts settling on whether someone says or does something can carry heightened manipulation risk.

Prediction market Kalshi said the CFTC has not reached out about roughly $5 billion in Ether perpetual trades it attributes to liquidity incentives, denying wash trading.

The US derivatives regulator flagged risks in contracts that pay out based on whether specific words are spoken, weeks after fining a former White House staffer over speech-linked trades.

Kalshi's full-depth political prediction order books are now accessible via DoubleZero for institutional traders.

NBA star LeBron James teased a collaboration with prediction market Polymarket in a recent social media video.

Ex-teleprompter operator Gabriel Perez used advance knowledge of Trump speeches to profit over $107,500 on prediction markets.

President Donald Trump is expected to join a White House meeting with crypto, prediction market and AI CEOs next week, sources told CoinDesk.

New York filed a July 31 petition asking a judge to compel Kalshi to disclose local bettors' names, wagers, and losses.

State petition demands identities, wagers, losses and restitution from prediction platform.

Court finds Minnesota law likely violates federal commodity law, halting state enforcement against prediction markets.

The sports merchandise giant gains control of its own prediction market infrastructure as event-based trading grows.
A Washington state court grants preliminary injunction against Kalshi, deeming its sports prediction markets illegal gambling.

Trump Media's plan to sell a Truth Social post feed to traders may create an uneven playing field for prediction markets.

EU regulators say derivative function outweighs labeling in assessing compliance.
Kalshi and ADI Predictstreet collaborate on a co-branded hub to expand World Cup prediction markets globally.
Investor who predicted 2008 crash says US stocks are overvalued and a severe correction is likely.
Kalshi files lawsuit against Illinois and Governor Pritzker challenging a new state regulatory framework for prediction markets.
Cboe introduces binary option contracts tied to the S&P 500, now available on Interactive Brokers.
Prediction market platform TurboFlow secures $6 million seed funding to serve Asian users as a localized alternative to Kalshi and Polymarket.

Financial services giant to offer binary bets on S&P 500 closing price.