Sports Betting Investment Doubles for Gen Z
Bank of America survey finds 20% of Americans view sports betting as investment; Gen Z twice as likely. Event contracts seen more investment-like. #Update #Finance
Prediction markets
Crypto.com Gains Robinhood’s $5B Backing
Robinhood takes minority stakes in Crypto.com and OG.com, valued at $20B; event contracts route to OG’s CFTC-regulated exchange. #Update #Finance
UK Revisits 2019 Prediction Markets Ban
The UK Financial Conduct Authority is considering easing its 2019 ban on retail prediction markets, following discussions with trading platforms. #Update #Legal FCA
Prediction Markets Blamed for NFL Betting Slump
The American Gaming Association estimates $29.5B in legal NFL wagering this season, citing prediction markets for stalling growth. $5.1B from underage users on Kalshi. #Update #Legal
Lebron James Sparks Polymarket Deal Buzz
LeBron James hints at a 2026 partnership with @Polymarket, drawing mixed reactions and highlighting the rise of prediction markets. #Update #Crypto
CFTC Delays Kalshi’s SCOTUS Rule Rewrite
Kalshi’s opposition brief to New Jersey’s cert petition is due in 30 days, amid expected CFTC rule updates on Rule 40.11. #Update #Legal
Ethereum XRP Solana Face 30% Crash
Ethereum ($ETH) has a 77% chance of hitting $2,250 by 2027, while Solana ($SOL) and XRP ($XRP) show mixed predictions. #Update #Crypto $ETH
Kalshi Divorce Market Surges 300 Percent
Kalshi’s institutional trading volume surged 800% in six months, reaching $178 billion annually, driven by user interest in personal prediction markets like divorce probabilities. #Update #Finance
Senate Showdown: CLARITY Act Odds Unclear
Kalshi predicts a 91% chance of a Senate vote on the CLARITY Act before October 1, while Polymarket sees only a 13% probability of its passage by 2026. #Update #Crypto
SEC Ruling Sparks Kalshi Supreme Court Showdown
New Jersey’s deadline to petition the Supreme Court in Flaherty v. KalshiEX is Sept. 3, following a Ninth Circuit ruling against Kalshi’s sports event contracts as swaps. #Update #Legal
Kalshi Bans Santos Sparks Legal Clash
Kalshi permanently banned George Santos, imposing a $71,356 penalty for rule violations. The CFTC acknowledged his cooperation in their investigation. #Breaking #Legal
Fedwatch Signals 57% September Rate Hike
CME’s Fedwatch Tool shows a 57% chance of a rate hike on Sept. 16, up from 39.9% on Aug. 21; Polymarket and Kalshi predict a Fed hold at 52%. #Update #Finance
Kalshi’s World Cup Campaign Faces EU Warning
Nine European regulators, including Belgium and France, vow joint action against unlicensed prediction markets during the World Cup. Kalshi and Polymarket face scrutiny. #Breaking #Legal
Schwab Launches S&P 500 Event Options
@CharlesSchwab is set to introduce a binary options contract for the S&P 500 in collaboration with @CboeGlobalMarkets, marking its entry into prediction markets. #Update #Crypto $SPX