Bitcoin Bettors Drive Platforms’ Record $2.7B Week
@Kalshi and @Polymarket hit a record $2.7B in weekly crypto contract volume, driven largely by short-term $BTC bets. #Update #PredictionMarkets
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Pentagon bans military insider trading after scandal
The Department of Defense barred personnel from using nonpublic information to trade on @Polymarket, @Kalshi or other platforms, warning that bets could expose military operations. #Update #Legal
Missouri Issues Cease-and-Desist Orders to Polymarket, Kalshi
Missouri ordered @Polymarket and @Kalshi to stop offering sports event markets in the state within 30 days, saying the contracts bypass sports betting rules and taxes. #Update #Legal
Coinbase Kalshi Banned in Taiwan Elections
Taiwan blocks @Coinbase and Kalshi over election betting, citing the Public Officials Election and Recall Act; access issues persist since Oct. 14. #Breaking #Legal @Coinbase
Prediction Markets Face State Oversight Threat
@Kalshi CEO Tarek Mansour stated that the ongoing legal battle over prediction markets in the U.S. will determine federal oversight versus pushing operations overseas, rejecting claims about sports betting’s economic insignificance. #Update #Legal $USDT
Kalshi Surges to $3.9B with Parlays
Kalshi’s notional volume hit $3.91B Saturday and $3.96B Sunday, driven by combo contracts, surpassing previous records. NFL and college football also saw significant trading. #Update #Crypto
Polymarket Predicts 62% Democrat Sweep
Polymarket gives Democrats 62% odds of sweeping Congress; CLARITY Act’s future uncertain amid regulatory shake-up. Bitcoin trades at $82,816. #Update #Crypto $BTC
Polymarket Misses $32M Peace Prize Prediction
Navi Pillay won the 2026 Nobel Peace Prize, unpredicted by @Polymarket or Kalshi. Polymarket traders invested $32.3M but missed the winner; Yulia Navalnaya saw brief price spikes. #Update #Crypto
Supreme Court Push: NFL Joins 39 States
Ohio, 38 states, and D.C. back New Jersey’s Supreme Court petition against Kalshi; NFL criticizes CFTC for ignoring age limit and bet manipulation concerns. #Update #Legal
Bitcoin Drops 4% Nears One Month Low
@NFL challenges CFTC’s oversight of prediction markets, arguing it undermines state regulations and integrity of games. Ex-CFTC head Gary Gensler supports this stance. #Update #Legal $BTC
Ethereum Surpassed by Kalshi’s Gold Bets
Kalshi’s 15-minute gold markets traded 539M contracts in September, surpassing Ether’s 317M. Bitcoin led with 6.74B contracts. #Update #Crypto $BTC
Polymarket Rebuilds Betting Engine Pre-Nov 2
Polymarket is testing Protocol V2 canary markets until Oct. 30, with a Nov. 2 switchover planned, aiming to streamline prediction markets with ERC-1155 contracts and pUSD collateral. #Update #Crypto
Bitcoin Surges to $85K Eyeing $100K
Bitcoin is at $85K with Polymarket giving a 39% chance of hitting $100K by 2027; ChatGPT predicts $94K by year-end. #Update #Crypto $BTC
CFTC Seeks Event Contract Definitions Defying States
The U.S. CFTC proposes new rules defining event contracts as swaps, potentially countering state gambling claims against prediction markets like Kalshi, with implications for ongoing lawsuits. #Update #Legal $BTC $ETH