Prediction Markets
News
CFTC rulings, platform launches, funding rounds, and regulatory shifts — everything that moves the US prediction market landscape.
Recent updates
Wisconsin AG Sues Kalshi, Polymarket, Robinhood, Crypto.com and Coinbase
Wisconsin Attorney General Josh Kaul filed suit in state court seeking permanent injunctions against all five major US prediction market platforms, arguing event contracts constitute unlicensed gambling under state law regardless of federal CFTC licensing.
Read more →Governors Hochul and Pritzker Issue Executive Orders Banning Insider Trading on Prediction Markets
New York and Illinois governors issued the first US executive orders specifically targeting prediction market insider trading by state employees, prohibiting officials from using non-public government information to trade event contracts.
Read more →Study Finds $143M in Polymarket Insider Trading; Kalshi Fines Candidates and Issues $2.2M Refund
A law school study flagged $143 million in suspected insider-trading profits on Polymarket over two years and over 200,000 suspicious trades. Separately, Kalshi fined three political candidates who bet on their own races and issued $2.2M in refunds after a disputed Khamenei market.
Read more →Fort Bragg Soldier Arrested for Polymarket Insider Trading as Trump Calls Markets a Casino
Army Master Sergeant Gannon Ken Van Dyke was arrested for using classified intelligence about the Maduro operation to earn $400,000+ on Polymarket. Hours later, President Trump publicly opposed prediction market expansion, calling the world "something of a casino."
Read more →Novig Raises $75M Series B to Pursue Nationwide Sports Exchange Licence
The commission-free sports prediction exchange raised $75M in a Series B round and filed for a CFTC Designated Contract Market licence that would unlock all 50 US states.
Read more →Myriad Markets Raises $20M Series A and Integrates Trust Wallet
The publisher-embedded prediction market SDK closed a $20M Series A and added Trust Wallet integration, giving millions of mobile crypto users direct access to its markets.
Read more →Robinhood Becomes Fastest-Growing Prediction Market With 12B+ Contracts in 2025
Robinhood processed over 12 billion event contracts in 2025 and acquired MIAXdx to build its own CFTC-licensed exchange, positioning it to compete directly with Kalshi and ForecastEx.
Read more →Polymarket Acquires QCEX CFTC Licence for US Relaunch, ICE Takes $2B Stake
Polymarket acquired QCEX, a CFTC-licensed designated contract market, to power a compliant US product, and secured a $2 billion investment from Intercontinental Exchange (NYSE owner).
Read more →CFTC Drops Enforcement Case Against Kalshi Sports Markets
The CFTC ended its legal challenge to Kalshi's sports event contracts, confirming Kalshi can offer sports outcomes as regulated event contracts under its DCM licence. A landmark ruling for regulated prediction markets.
Read more →Why we cover prediction market news
Regulation changes fast
CFTC rulings, court decisions, and DCM licence approvals directly affect which platforms you can use in your state and what products are available.
Fees and liquidity shift
Platform funding rounds, acquisitions, and exchange integrations affect the depth of markets and the cost of trading. Knowing the landscape helps you find best prices.
New markets open up
Sports, politics, crypto, economics — the range of tradable outcomes expands as platforms earn regulatory approvals and build out their market listings.