Prediction Markets Miss Lula’s Brazil Runoff Win
Lula won Brazil’s runoff with 51.78% of the vote after trailing in the first round, defying 80% odds for Bolsonaro on @Polymarket. #Update #BrazilElection #Lula
Prediction markets
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
Polymarket Expands Esports with Organic Promos
Polymarket pays social media users to quote-retweet esports posts without disclosure tags since August, with payouts reaching nearly $900 monthly per participant. #Update #Esports
CFTC Casino Moves Cosmetic BetMGM CEO
BetMGM CEO Greenblatt critiques CFTC’s casino rule as superficial, predicting Supreme Court favoring states in 2026-27. BetMGM Q3 revenue up 7% to $710M. #Update #Legal
Polymarket Whales Bet $500K on Seahawks
At 22:34 UTC on Oct. 13, @BreakTheBank and surfandturf traded $500K in Broncos-Seahawks shares on Polymarket; BreakTheBank leads with $7.04M all-time profits. #Update #Crypto
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
Bitcoin Odds Show 27% Chance at $100K
Polymarket traders assign a 27% chance for $BTC to hit $100,000 before 2027, with Kalshi’s October forecast at $87,000. #Update #Crypto $BTC
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
Sydney Sweeney Launches Bold Novig Ad
Sydney Sweeney’s new @Novig ad criticizes insider trading and market manipulation, contrasting with sports-only bets. The ad follows criticism from athletes over its portrayal of women. #Update #Crypto
Polymarket Whale Loses $147K Eagles Bet
A @Polymarket account lost $147K on Eagles shares after a last-second Jaguars win, but gained $348K on other NFL bets. #Update #Crypto
SCOTUS Approves Prediction Markets for Crypto
The CFTC’s proposed rule clarifies that casino-style gambling is not a swap, while event contracts for sports and politics are included, as the NFL seeks clarity on state vs. federal regulation. #Update #Legal $CFTC
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