Kalshi is engaged in a legal battle that may reach the U.S. Supreme Court to legalize prediction markets related to elections and sports. Meanwhile, Wisconsin has sued Kalshi and other companies, claiming their prediction market platforms operate illegally. Brazil has shut down 27 prediction market platforms, including Kalshi, due to concerns over their negative impact on households. In the U.S., a rule has been passed barring senators from trading on prediction markets amid rising concerns about insider trading.
Robinhood reported its Q1 2026 financial results, showing a 15% increase in total revenue to $1.07 billion, driven by its Gold subscription tier. Despite this growth, shares plummeted over 11% in after-hours trading after missing key financial estimates, with rising costs cited as a primary factor. Following the…
Read the full storyThe U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Wisconsin, marking its fifth legal action to assert federal jurisdiction over event contracts. This legal battle is now being compounded by legislative pressure, as Democratic lawmakers demand the CFTC implement a ban on insider trading…
Polymarket has launched its CLOB v2 upgrade and introduced pUSD as the primary settlement token, with reports indicating the platform is now targeting a $15 billion valuation. To bolster compliance, the platform selected Chainalysis for advanced monitoring tools, supporting its ongoing discussions with the CFTC to…
Brazilian authorities have banned 27 prediction market platforms, including Polymarket and Kalshi, to protect users from gambling-related debt. While the new rules prohibit contracts tied to sports and politics, they provide exemptions for economic indicators and financial assets. In a strategic move following the…