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
Prediction markets
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
CFTC Approves Event Contracts as Swaps Regulations
The U.S. CFTC is moving to regulate event contracts under swaps rules, facing legal challenges from states claiming authority over sports betting; public input on the proposal is open for 30 days. #Update #Legal $USDT
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
Coinbase Bans Michigan Sports Markets
Coinbase will halt sports contracts in Michigan by Oct. 10, joining Kalshi and Robinhood amid regulatory pressure. Kalshi faces $500K daily fines for violations. #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
Polymarket Challenges Dutch Ban in Court
Polymarket challenges Dutch ban, arguing its event contracts are derivatives, not bets. Netherlands Gambling Authority seeks €420K penalty for late user blocking. #Breaking #Legal
Novig Trading Surges 94% After Ad
Novig’s trading volume surged 94% post-Sydney Sweeney ad, with app downloads up 187% and valuation rising to $2B. #Update #Crypto