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.

Polymarket says existing positions will not migrate automatically to new contracts, with app users facing approval prompts and integrations needing V2 identifiers.

Polymarket's contract upgrade requires app users to approve prompts and integrations to add V2 identifiers and permissions while keeping CTF support.

Gold contracts on Kalshi hit 542 million in September, outpacing Ether's 318 million, while Bitcoin remained the most-traded market.

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.

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.
BTC and ETH hit multi-month highs, but Polymarket traders assign modest odds for 2026 records.

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.

Kalshi partners with DoubleZero to offer trading firms low-latency access to sports and crypto order books.

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.

The sports merchandise giant gains control of its own prediction market infrastructure as event-based trading grows.

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.
Prediction market platform TurboFlow secures $6 million seed funding to serve Asian users as a localized alternative to Kalshi and Polymarket.

Kalshi has held preliminary discussions with underwriters about a potential public listing, sources say.