Kalshi Backs New Lobbying Group for Prediction Markets
Kalshi has backed the launch of Americans for Fair Markets, a new lobbying group created to advocate for prediction markets as federal scrutiny intensifies. The move signals a coordinated industry push to shape regulation, public perception and the legal treatment of event-based contracts.
Minnesota Prediction Market Ban Draws Swift CFTC Challenge
Minnesota has moved prediction markets into the center of a high-stakes regulatory fight after Governor Tim Walz signed a law making the operation or promotion of such markets a felony in the state. The ban is scheduled to take effect on August 1, 2026, but its future is already in doubt after the Commodity Futures […]
Hyperliquid Tests Outcome Token Fees as Prediction Market Race Intensifies
Hyperliquid has published a detailed fee framework for its Outcome Tokens under the HIP-4 upgrade, introducing a testnet model that charges nothing to open positions while applying fees when trades close or settle. The design is meant to lower retail entry costs and position Hyperliquid as a more aggressive challenger to prediction-market incumbents such as […]
Wisconsin Sues Prediction Markets, Escalating State Fight Over Sports Event Contracts
Wisconsin’s Department of Justice has sued Kalshi, Polymarket, Coinbase, Robinhood, Crypto.com and affiliated entities, alleging that sports-related event contracts amount to illegal sports betting under state law. The complaints, filed in Dane County circuit court, seek to stop the platforms from offering what Attorney General Josh Kaul described as unlawful commercial gambling in Wisconsin.
Decentralized Prediction Markets: The crypto Ecosystem’s New Dominant Narrative?
Prediction markets were once treated as crypto curiosities, clever but marginal. That description no longer fits. The bigger story is that speculation has started to look like infrastructure. Reuters reported recently that Intercontinental Exchange, parent of the New York Stock Exchange, invested $600 million in Polymarket as event trading moved from a niche corner of […]
Coinbase adds stock trading and prediction markets in ‘everything app’ push
Coinbase adds stock trading and prediction markets as part of a broader push to become an “everything app” and “everything exchange”, a move rolled out around December 17, 2025. The step integrates equities and event-based contracts into the platform, widening investor options and aiming to diversify revenue away from crypto-only trading.
Coinbase Prepares to Launch Prediction Markets and Tokenized Stocks
Coinbase is preparing to introduce prediction markets and tokenized stocks, signaling a strategic expansion into event-driven trading and asset tokenization. The move has implications for market structure, liquidity, and compliance, and frames key decisions around design, execution, and oversight. How settlement, custody, and verification are implemented will shape participation and adoption.
Polymarket hiring in-house trading team risks market integrity and user trust
Polymarket’s plan to staff an in-house trading desk to trade against customers raises immediate conflict-of-interest and market-integrity concerns, with measurable signs already visible in platform metrics and its regulatory record. The move intersects with prior findings that at times more than 60% of reported volume in certain markets was linked to wash trading, a figure […]