Kalshi Controls 89% of U.S. Prediction Market
@Kalshi controls 89% of U.S. prediction market volume as regulatory clarity grows; Polymarket drops 16%. Legal disputes intensify, affecting market dynamics. #Update #Crypto $USDT
Prediction markets
Crypto App Giggles Raises $1.2M
Justin Jin, 19, raises $1.2M from @1kxnetwork for meme prediction app Giggles, with plans to convert aura points to cryptocurrency; 450K waitlist sign-ups. #Update #Crypto
Kalshi Wins Appeal Against New Jersey Ban
An appeals court ruled that New Jersey cannot ban @Kalshi’s prediction markets, affirming federal jurisdiction under the Commodity Exchange Act. This decision counters state enforcement actions against sports-related contracts. #Update #Legal $KALSHI
Polymarket Kalshi Drive $25.7B Prediction Surge
Dune Analytics reports $25.7B March volume, with @Polymarket and @Kalshi leading; CFTC scrutiny as open interest nears $940M. #Update #Crypto
Polymarket Launches Full Exchange Upgrade
@Polymarket plans to launch a 1:1 USDC-backed collateral token, Polymarket USD, as part of a complete platform overhaul, enhancing trading control and liquidity. #Update #Crypto $USDC
Polymarket Bans Iran Rescue Markets Amid Backlash
Polymarket has removed a controversial betting market on U.S. service members’ rescue in Iran after backlash from lawmakers, as prediction markets face increased scrutiny and potential regulation. #Update #Crypto
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.
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