Kalshi Contracts Approved by Nevada Court
Judge Jason Woodbury issued a preliminary injunction against @Kalshi, requiring geofencing by May 4, 2026, to block Nevada users after ruling its event contracts as unlicensed gambling.
Prediction markets
Nevada Bans Kalshi Sports Markets Again
A Nevada judge extended a ban on @Kalshi’s sports-related prediction markets for two weeks, citing they resemble gambling activities. The Nevada Gaming Control Board seeks a preliminary injunction amid regulatory disputes. #Update #Legal $USDC
Bitcoin Dips Below $66K Amid Trump Tensions
Pyth Network’s terminal goes live as @Polymarket integrates daily close markets for U.S. stocks using Pyth data, enhancing prediction market transparency. #Update #Finance
CFTC Sues States Over Sports Betting Markets
The U.S. Commodity Futures Trading Commission and Department of Justice sued Illinois, Arizona, and Connecticut over state actions against prediction markets, claiming federal law preempts state regulations. #Breaking #Legal $CFTC
JPMorgan Launches Prediction Markets Amid Competition Surge
JPMorgan CEO @JamieDimon indicates potential entry into prediction markets, joining @GoldmanSachs in exploring the sector, as competition intensifies among crypto platforms like Polymarket and Kalshi. #Update #Crypto $BTC $ETH
Margin Trading Launches for Institutional Investors
@Kalshi has received approval to offer margin trading for institutional clients, pending CFTC sign-off. This move aims to attract more institutional investors amid growing competition in prediction markets. #Update #Crypto $BTC $ETH
Washington Sues Kalshi Over Prediction Market Legality
Washington has sued @Kalshi, alleging violations of state gambling laws, claiming its prediction markets operate like illegal sportsbooks. Kalshi plans to move the case to federal court. #Update #Legal $BTC
NYSE Invests $600 Million in Polymarket
@IntercontinentalExchange invests an additional $600 million in Polymarket, increasing total commitment to nearly $2 billion; ICE’s backing highlights growing interest in prediction markets. #Update #Crypto $POLY
Prediction Market Surge Fuels New VC Fund
A new venture capital firm, 5c(c) Capital, focused on prediction markets launches with backing from @Polymarket and @Kalshi CEOs, aiming to raise $35M for early-stage investments. #Update #Crypto $USDC
Prediction Markets Face Trading Ban Risk
Prediction markets like @Polymarket face risks of manipulation as single traders can influence outcomes, undermining credibility and trust. Platforms must exclude contracts easily forced by individuals to maintain integrity. #Update #Crypto
Wartime Conspiracy Debunked by 5-Cent Contract
Polymarket’s “Netanyahu out by March 31” contract remains at 4-5% probability amid death rumors, signaling skepticism in the conspiracy; trading volume surged to $2.4B as geopolitical bets rise. #Update #Crypto $ETH
CFTC Chair Launches Comprehensive Crypto Regulations
CFTC Chairman Mike Selig outlines plans for regulatory clarity on DeFi and prediction markets, asserting the agency’s authority amid state legal challenges. #Update #Crypto $BTC $ETH
Kalshi Polymarket Target $20 Billion Valuations
@Kalshi and @Polymarket are in early talks for fundraising rounds, potentially valuing each at $20 billion, doubling their late 2025 valuations; Kalshi has a $1.5 billion revenue run rate. #Update #Crypto
Polymarket Bans Nuclear Detonation Markets
Polymarket has suspended nuclear detonation betting contracts amid concerns of insider trading linked to the Iran conflict, as U.S. regulators consider oversight for prediction markets. #Update #Crypto