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[SITUATION] · [ACTIVE]

123 clusters · 334 sources · 99 days · First seen 3 months ago · Last updated about 18 hours ago

Categories: BUSINESS · SPORTS · TECHNOLOGY · POLITICS · CRIME

US prediction markets expand promos amid regulatory pressure

Entities: Kalshi · Commodity Futures Trading Commission · Kathy Hochul · Governor Kathy Hochul · Letitia James

Overview

The promo surge that began in mid‑July continued through the month. After the July 20 rollout of MLB‑focused offers across several platforms, Kalshi added a suite of referral codes on July 23 tied to NBA futures, UFC, PGA and WNBA events, reporting $228 million NBA futures volume. On July 29 Kalshi introduced two new codes, ALCOM and SYRACUSE, granting first‑time traders a randomly assigned bonus of $15, $35, $75, $100 or $500, with the larger awards limited to a few percent of users; the credit must be used within seven days. The promotion targets SEC football championship futures and MLB matchups such as Yankees‑Cubs and Mets‑Marlins.

Regulatory pressure intensified. A Washington state injunction on July 21 restricted Kalshi’s operations, and on July 31 New York Attorney General Letitia James filed a lawsuit alleging the platform conducts unlicensed gambling. The complaint seeks forfeiture of profits, consumer restitution and civil penalties up to three times Kalshi’s gains—potentially $36 billion. Kalshi contends it is a federally regulated CFTC‑overseen exchange and has asked to move the case to federal court, framing the state action as political theater. The developments illustrate the tension between rapid promotional expansion and escalating legal challenges across multiple states.

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 10 SOURCES] New York Attorney General Letitia James filed a lawsuit against Kalshi in Manhattan state Supreme Court. (New York AG Letitia James filed the suit in Manhattan state Supreme Court.)
[● 10 SOURCES] The lawsuit alleges Kalshi operates without a license from the New York State Gaming Commission. (Kalshi lacks a state gaming license.)
[● 10 SOURCES] The complaint characterizes Kalshi’s prediction markets as illegal gambling under New York law. (Kalshi’s markets are deemed illegal gambling.)
[● 10 SOURCES] Kalshi argues it is regulated by the federal Commodity Futures Trading Commission (CFTC). (Kalshi claims CFTC oversight.)
[● 10 SOURCES] Kalshi has asked that the case be transferred to a federal court, describing the state lawsuit as political theater. (Kalshi seeks federal jurisdiction.)
[● 10 SOURCES] The lawsuit is part of a broader conflict between state regulators and the CFTC over jurisdiction of prediction markets. (State‑CFTC jurisdictional clash.)
[● 6 SOURCES] The suit seeks forfeiture of illegal gains, restitution to consumers and civil fines up to three times the company’s profits, potentially totaling $36 billion. (Potential liability of $36 billion.)
[● 5 SOURCES] Other states, including Massachusetts, Michigan, Nevada and Washington, have obtained orders restricting Kalshi’s activities. (Multiple states have taken action against Kalshi.)

Timeline

about 18 hours ago

[BUSINESS] 11 sources
New York Sues Kalshi Over Illegal Gambling Claims
NY Attorney General Letitia James sued Kalshi for operating an unlicensed prediction‑market deemed illegal gambling, seeking up to $36 billion in penalties; Kalshi argues federal CFTC oversight and requests a f
3 days ago

[BUSINESS] 5 sources
Kalshi launches $500 bonus promo codes for US sports traders
Kalshi rolled out US promo codes ALCOM and SYRACUSE, offering new traders up to $500 bonus credit after a $25 trade, with usage rules and random payout tiers.
10 days ago

[BUSINESS] 9 sources
Kalshi launches $500 promo codes for NBA, UFC, MLB and golf betting
Kalshi offers up to $500 bonus credits for new users who trade $25, using promo codes linked to NBA, UFC, MLB, PGA and WNBA events; bonuses range $15‑$500, must be used within 7 days, and several U.S. states’re
12 days ago

[BUSINESS] 6 sources
Washington Judge Blocks Kalshi Prediction Market Over State Gambling Laws
Washington judge John McHale issued a preliminary injunction against Kalshi, finding likely violations of state gambling laws and rejecting federal preemption, with detailed terms due by early August.
12 days ago

[BUSINESS] 5 sources
Kalshi event‑trading platform adds sports contracts and $10 new‑user promo
Kalshi, a regulated futures exchange for event‑based contracts, launched sports markets such as an Athletics‑Diamondbacks game and offers a $10 bonus to new users who trade 100 contracts after signing up with “
12 days ago

[BUSINESS] 2 sources
Kalshi launches bonus promos for betting on LeBron James' free‑agency odds
Kalshi offers $15 and $10 bonuses for new users trading on LeBron James' free‑agency odds, with the Heat leading at 49% probability; the platform is legal in 40+ U.S. states but excluded from several.
12 days ago

[BUSINESS] 13 sources
MLB betting promos and bonuses for July 2026 matchups
MLB betting platforms roll out sign‑up bonuses for July 2026 games—Polymarket, DraftKings, BetMGM, OG—while analysts share NRFI picks for matchups like Dodgers‑Phillies and Tigers‑Cubs.
13 days ago

[SPORTS] 2 sources
Conor McGregor bets $100,000 on Argentina vs Spain World Cup final
UFC star Conor McGregor wagered $100,000 on Argentina to beat Spain 3‑2 in the World Cup final at MetLife Stadium, with odds of 36 for a $3.6 million payout.
15 days ago

[BUSINESS] 5 sources
Polymarket launches $50 bonus for Spain‑Argentina World Cup final
Polymarket gives a $50 bonus for new US users on the Spain‑Argentina World Cup final; Kalshi and Splash roll out separate bonuses for the Dodgers‑Yankees MLB game on July 19 2026.
15 days ago

[BUSINESS] 2 sources
CFTC orders Kalshi to defy Michigan court in prediction market dispute
The CFTC used rare emergency powers to tell Kalshi to ignore a Michigan court order on sports trades, signaling a federal push against state regulation of prediction markets.
16 days ago

[BUSINESS] 10 sources
Kalshi predictive market platform expands event‑based trading options
Kalshi's exchange lets users trade binary event contracts, using market‑driven pricing and liquidity to provide risk‑management tools and predictive insights.
18 days ago

[BUSINESS] 5 sources
Kalshi expands AI compute trading with advanced terminal and forward‑price curve
Kalshi launched an advanced trading terminal and created a forward curve for GPU compute costs, positioning itself alongside CME and ICE in turning AI infrastructure into a tradable commodity.
19 days ago

[BUSINESS] 10 sources
CFTC blocks Kalshi from canceling Michigan trades amid state‑federal clash
The CFTC barred Kalshi from canceling Michigan trades, staying the platform’s emergency rule and stressing that states cannot force a federal derivatives market to void executed contracts.
20 days ago

[BUSINESS] 2 sources
Investor Michael Burry warns about prediction markets and backs sportsbook stocks
Michael Burry calls prediction markets gambling, cites regulatory loophole, and reveals a 40/60 split investment in DraftKings and Flutter, betting on future upside.
21 days ago

[BUSINESS] 6 sources
Kalshi launches new promo codes for MLB Home Run Derby and UFC 329
Kalshi, a CFTC‑regulated prediction market, rolled out promo code MASSLIVE1 for a $10 bonus on MLB Home Run Derby trades and code WTOP15 for a $15 bonus on UFC 329 trades, both available to US users meeting a $
21 days ago

[SPORTS] 2 sources
DraftKings and OG Roll Out New U.S. Sports Betting Promotions
DraftKings and OG unveiled U.S. betting promos: DraftKings offers a $200 bonus on a $5 MLB bet, while OG gives a $10 bonus after a $10 trade, both covering MLB and World Cup markets.
21 days ago

[BUSINESS] 11 sources
World Cup semifinal prompts betting platforms to launch promo code bonuses
Betting platforms roll out new promo‑code bonuses – $10‑$15 for Kalshi, $50 for Polymarket, $1,000 bet resets for FanDuel – linked to MLB, NFL, UFC and the World Cup semifinal (France vs Spain).
21 days ago

[BUSINESS] 2 sources
West Virginia Sports Betting Market Expands with New Bonuses and World Cup Offers
West Virginia's sports betting market offers low‑tax, multiple mobile apps and new promotions, including BetMGM's World Cup bonus codes for July 11 quarterfinal matches.
22 days ago

[BUSINESS] 3 sources
Kalshi faces US court setbacks over prediction market gambling
US courts have ruled against Kalshi, with a Ninth Circuit hearing challenging its tribal gambling claims and a New York judge rejecting its injunction, letting the state enforce gambling laws on the prediction‑
23 days ago

[BUSINESS] 5 sources
Goldman Sachs and Other Wall Street Banks Ban Employee Prediction‑Market Trading
Goldman Sachs and other major banks have banned employee trading on prediction‑market contracts amid insider‑trading concerns, while U.S. regulators and lawmakers consider broader restrictions.
23 days ago

[BUSINESS] 5 sources
Kalshi seeks regulator approval to launch perpetual futures in metals, FX and energy
Kalshi is in talks with the CFTC to expand its perpetual futures—already used for crypto—into metals, foreign exchange and energy, drawing both investor interest and criticism from established exchanges.
24 days ago

[BUSINESS] 2 sources
Kalshi rolls out new user bonuses for prediction‑market traders
Kalshi offers two new sign‑up bonuses – $15 with code ELITE15 and $10 with code SDS – after users trade the same amount, expanding its US prediction‑market platform.
24 days ago

[BUSINESS] 7 sources
Michael Burry invests in Flutter and DraftKings, betting on prediction‑market regulation
Michael Burry bought Flutter ($107) and DraftKings ($26) shares, betting that U.S. regulators will soon curb prediction markets that sidestep state gambling taxes.
24 days ago

[BUSINESS] 5 sources
New York wins court battle against prediction market platform Kalshi
A U.S. judge denied Kalshi’s bid to block New York’s gambling law, upholding state authority over prediction markets and sparking a clash with the CFTC; Kalshi has appealed.
25 days ago

[BUSINESS] 6 sources
Polymarket sued in New York over Strategy Bitcoin market payout dispute
Two traders sued Polymarket in New York, alleging the platform wrongly settled a Strategy Bitcoin sale market as “No” despite SEC filing proof, seeking damages for breach of contract and deceptive practices.
26 days ago

[BUSINESS] 5 sources
Kalshi rolls out multiple promo codes offering bonuses for World Cup and MLB trading
Kalshi has introduced several promo codes—ALCOM15, MASSLIVE1, SYRACUSE and others—granting $10‑$15 bonuses to new US users trading World Cup and MLB events.
26 days ago

[BUSINESS] 3 sources
Kalshi and Polymarket surge during World Cup, hitting $4.4 bn non‑sports volume
Kalshi and Polymarket added users during the World Cup, with Kalshi’s FIFA market topping $1 bn and combined non‑sports volume reaching $4.4 bn, driven mainly by Kalshi.
26 days ago

[BUSINESS] 7 sources
Kalshi hit by Michigan court suspension and nationwide legal hearings on sports contracts
Kalshi’s sports contracts are suspended in Michigan while the company fights multiple federal and state lawsuits, including hearings in Washington and the Ninth Circuit, as World Cup betting tops $1 billion.
26 days ago

[TECHNOLOGY] 2 sources
U.S. Traders Bypass Polymarket Ban to Trade $571 Million in Political Contracts
U.S.-linked wallets traded about $571 million on Polymarket’s political markets in the past year, bypassing the platform’s U.S. ban and focusing on foreign‑conflict contracts, prompting renewed regulatory Scrut
27 days ago

[BUSINESS] 2 sources
Polymarket sees $30 M in 24‑hour trading, leader‑exit bets surge
Polymarket recorded over $30 M in 24‑hour trading, driven by political futures and leader‑exit bets, showing strong market interest in predicting political outcomes.
27 days ago

[BUSINESS] 3 sources
US brokerage apps bring prediction markets into mainstream investing
Prediction markets went mainstream in the US as Robinhood added Kalshi contracts, expanding access and sparking debate over federal vs state regulation of sports‑related contracts.
27 days ago

[BUSINESS] 2 sources
World Cup Round of 16 Betting Bonuses Offered by Splash and Kalshi
Splash offers a 50% deposit match up to $500 and a 100% QuickPicks Boost for new users betting on the Brazil‑Norway match; Kalshi gives a $15 bonus after $10 of trades for the Mexico‑England game.
27 days ago

[BUSINESS] 2 sources
US economic data and booming prediction markets dominate investor attention
US economic releases this week could steer stocks and crypto, while prediction‑market platforms like Kalshi and Polymarket surge to $24 bn monthly volume, drawing legal and regulatory attention, including a new
29 days ago

[BUSINESS] 2 sources
Chalkboard and BetMGM roll out new MLB and World Cup betting promos
Chalkboard and BetMGM announced new MLB/World Cup betting promos, offering deposit matches and first‑bet bonuses to new users in participating U.S. states.
29 days ago

[BUSINESS] 11 sources
Kalshi rolls out $10‑$15 bonus promo codes for World Cup and Independence Day MLB betting
Kalshi offers $10‑$15 bonuses for new users who trade $10, covering World Cup knockouts and July 4 MLB games across most U.S. states.
about 1 month ago

[SPORTS] 2 sources
World Cup Betting Promotions Offer Over $2,000 in Bonuses Across Major Sportsbooks
Kalshi, Polymarket and other prediction markets tout new user bonuses, while sportsbooks offer over $2,000 in combined promos for the Spain‑Austria World Cup match.
about 1 month ago

[BUSINESS] 6 sources
Kalshi faces expanded lawsuits and court orders in Massachusetts and Michigan
Massachusetts and Michigan courts have moved against Kalshi, expanding lawsuits over under‑age marketing and issuing a restraining order that bans its sports contracts in Michigan, highlighting a clash between
about 1 month ago

[BUSINESS] 2 sources
Kalshi offers enhanced $15 and $10 signup bonuses for World Cup and MLB prediction markets
Kalshi introduced a $15 signup bonus via promo code LABS for the Brazil‑Japan World Cup match and a $10 bonus via code SDS for MLB games, requiring new users to trade $10 to receive the funds.
about 1 month ago

[BUSINESS] 2 sources
DraftKings launches proprietary DKeX prediction market exchange
DraftKings launched DKeX, a proprietary prediction‑market exchange integrated into its app, replacing third‑party operators and driving a surge in its stock and trading volume.
about 1 month ago

[TECHNOLOGY] 4 sources
Meta launches development of its own prediction market app 'Arena
Meta is developing a prediction‑market app called Arena, initially using virtual points, to enter the $130 billion prediction‑market industry and may later support real‑money betting.
about 1 month ago

[TECHNOLOGY] 2 sources
Polymarket hack causes $3 million loss for users in supply‑chain attack
A supply‑chain attack injected malicious script into Polymarket’s frontend, stealing about $3 million from under 15 users; the platform says its backend was untouched and will refund all losses.
about 1 month ago

[TECHNOLOGY] 7 sources
Meta develops 'Arena' prediction‑markets app aimed at 100 million users
Meta is building a standalone prediction‑markets app, Arena, using a points system, targeting 100 million users aged 18‑34, and weighing partnerships with Polymarket and Kalshi.
about 1 month ago

[BUSINESS] 5 sources
Bonus Promo Codes Launch for Sports Betting and Prediction Platforms
U.S. sports‑betting sites launch new‑user promo codes: Boom’s WTOP40 gives $40 MLB line‑ups, Kalshi’s ELITE15 provides a $15 trade bonus, and Novig’s WTOP50 offers $50 credit after a $5 spend.
about 1 month ago

[BUSINESS] 3 sources
Institutional investors shift stakes in Axcelis Technologies and DraftKings
Wesbanco Bank bought 12,800 Axcelis shares, while Rockefeller Capital raised its DraftKings stake by 458%; DraftKings also launched its DKeX prediction market exchange.
about 1 month ago

[BUSINESS] 9 sources
Polymarket faces regulatory scrutiny and security breach as US lawmakers demand CFTC probe
US senators push CFTC to probe Polymarket over misleading influencer ads; the regulator has opened an inquiry. Meanwhile, the platform sees high trading volume and a $3 million user‑fund breach via a third‑part
about 1 month ago

[TECHNOLOGY] 17 sources
Polymarket suffers $3 million supply‑chain hack, pledges full refunds
A compromised third‑party vendor let hackers steal about $3 million from Polymarket users via a malicious frontend script; the breach was contained and the platform vows full refunds.
about 1 month ago

[BUSINESS] 5 sources
Kalshi targets $40 billion valuation in new funding round
Kalshi seeks new funding at a $40 billion valuation, aiming to close Q3 2026; CEO hints at an IPO after 2027, while trading volumes surge and regulatory risks loom.
about 1 month ago

[BUSINESS] 11 sources
Polymarket posts $1 billion annualized revenue as user base expands
Polymarket’s revenue exceeds $1 bn and a Bitget study shows 60 % of its users debut on‑chain via the platform, sparking billions in event‑driven volume.
about 1 month ago

[BUSINESS] 3 sources
Kalshi and Polymarket Surge as World Cup Boosts Prediction Markets
World Cup hype drives Polymarket’s volume up 300% and Kalshi’s open interest past $1 billion, prompting CFTC rulemaking and gaming‑industry lobbying over sports prediction markets.
about 1 month ago

[TECHNOLOGY] 2 sources
Meta builds Arena app for points‑based prediction markets
Meta is creating a points‑based prediction‑market app called Arena, initially using virtual points instead of cash, targeting the $130 bn market while navigating regulatory scrutiny.
about 1 month ago

[TECHNOLOGY] 3 sources
Meta develops standalone prediction‑market app “Arena”
Meta is building a standalone prediction‑market app “Arena” that lets users earn points for forecasting events, launching without real‑money betting.
about 1 month ago

[BUSINESS] 6 sources
CFTC files federal lawsuit against Kentucky over prediction market regulation
The CFTC sued Kentucky to block state gambling rules on prediction‑market platforms, calling them federally regulated swaps and challenging a 14.25% tax. Kalshi also sued Illinois over a state law it says unlaw
about 1 month ago

[BUSINESS] 2 sources
Kalshi and Novig Launch Sports Trading Bonuses Ahead of World Cup
Kalshi and Novig are offering $15 and $50 bonuses respectively for new U.S. users to trade on World Cup and MLB markets.
about 1 month ago

[BUSINESS] 15 sources
Kalshi pursues $40 billion valuation while battling Illinois lawsuit and expanding market bans
Kalshi seeks a $40 billion valuation as trading volume soars, while it sues Illinois over a new licensing tax and adds India to its restricted‑jurisdictions list.
about 1 month ago

[TECHNOLOGY] 51 sources
Meta develops standalone prediction‑market app “Arena”
Meta is developing “Arena”, a points‑based prediction‑market app that will run apart from its main social platforms, use AI to generate questions, and aim to challenge Polymarket and Kalshi while eyeing future,
about 1 month ago

[BUSINESS] 2 sources
Kalshi launches $10 sign‑up bonus for sports prediction markets
Kalshi offers new users a $10 sign‑up bonus for trading on PGA and World Cup markets, available across the U.S. with promo codes RATE and DENVER.
about 1 month ago

[BUSINESS] 2 sources
Sports betting apps Chalkboard and Novig roll out World Cup and MLB bonus offers
Chalkboard and Novig each introduced bonus promotions for new users, covering World Cup games and MLB matchups, with deposit matches and credit offers.
about 1 month ago

[BUSINESS] 7 sources
Polymarket pays influencers for staged winning videos targeting U.S. bettors
WSJ found Polymarket paid influencers to post fake winning videos on copycat sites, targeting U.S. users despite a ban; $1.9 M in wagers were fictitious and the clips earned 140 M+ views.
about 1 month ago

[BUSINESS] 2 sources
Google employee insider‑trading case underscores surge in prediction markets
A Google employee was charged with insider trading on Polymarket, highlighting the rapid growth of prediction markets that now process billions in monthly volume and raise new regulatory challenges.
about 1 month ago

[BUSINESS] 2 sources
Prediction Markets Reach $1.48 B Record Open Interest
a16z reports a $1.48 billion record in crypto prediction‑market open interest, while Polymarket faces a WSJ probe for paying influencers to post fake profit videos.
about 1 month ago

[BUSINESS] 6 sources
Sports betting platforms launch World Cup bonus promos
Kalshi, Polymarket and BetMGM rolled out World Cup betting bonuses for new US users, offering $10‑$1,500 rewards tied to specific promo codes and deposit or trade requirements.
about 1 month ago

[BUSINESS] 2 sources
Kalshi and Polymarket face global bans as governments clamp down before 2026 World Cup
Kalshi and Polymarket, poised for $3‑10 bn in World Cup‑related bets, face bans in Spain, Indonesia, India and Brazil as regulators deem them gambling or securities.
about 1 month ago

[BUSINESS] 2 sources
Polymarket accused of paying influencers to promote fabricated prediction‑market wins
Wall Street Journal alleges Polymarket paid influencers to post fabricated winning videos, concealed compensation, and now promises an audit amid trust concerns.
about 1 month ago

[SPORTS] 4 sources
US Sports Betting Platforms Roll Out New User Bonuses
Splash, Kalshi and DraftKings launch new US promos – up to $500 match, $15 prediction bonus, and $200 bonus bets – for MLB and World Cup games.
about 1 month ago

[BUSINESS] 2 sources
Kalshi Sets Record Weekly Volume and Mulls IPO as Revenue Tops $2 Billion
Kalshi posted a $7.5 billion weekly volume record, saw revenue rise above $2 billion and began early IPO talks for a possible 2027‑28 listing.
about 1 month ago

[POLITICS] 2 sources
Kentucky Attorney General sues VGW, Kalshi, and Polymarket over illegal gambling
Kentucky AG Russell Coleman sued VGW, Kalshi and Polymarket, claiming they run illegal sportsbooks and evade state gambling rules; VGW vows to fight the lawsuit.
about 1 month ago

[BUSINESS] 8 sources
Kalshi launches Canadian prediction‑market platform through Wealthsimple
Kalshi partners with Wealthsimple to launch Wealthsimple Predict, offering about 4,000 regulated prediction‑market contracts in Canada this summer, after CIRO approval; US regulatory challenges continue.
about 1 month ago

[BUSINESS] 2 sources
Kentucky sues prediction market platforms Kalshi and Polymarket over alleged illegal sports betting
Kentucky sued Kalshi and Polymarket, alleging they run illegal sports‑betting platforms; the firms argue the contracts are swaps under CFTC oversight, a clash that may reach the Supreme Court.
about 1 month ago

[BUSINESS] 6 sources
Betting operators launch major World Cup 2026 promotions
DraftKings, BetMGM, Odibets and OG roll out new World Cup 2026 betting bonuses and prize promotions in the US, UK, Kenya and online.
about 1 month ago

[BUSINESS] 3 sources
US betting sites offer World Cup bonuses to new users
Kalshi, Polymarket and BetMGM each rolled out US‑only World Cup promos, offering new users bonuses ranging from $10 to $1,500 for betting on matches like USA‑Australia and England‑Croatia.
about 2 months ago

[TECHNOLOGY] 2 sources
Trading Technologies adds Kalshi prediction market to its platform
Trading Technologies will enable trades on U.S.-regulated prediction markets via Kalshi, with integration expected in Q3, citing strong institutional demand.
about 2 months ago

[BUSINESS] 2 sources
Polymarket Blocked in Spain and Fined in the Netherlands as Europe Tightens Prediction‑Market Rules
Europe tightens on prediction markets: Spain blocks Polymarket and Kalshi as unlicensed gambling; the Netherlands fines Polymarket €420K for a one‑day delay in shutting down service.
about 2 months ago

[BUSINESS] 4 sources
Kentucky Attorney General Russell Coleman sues prediction market firms over illegal sports betting
Kentucky AG Russell Coleman sued Kalshi, Polymarket and partners over alleged illegal sports betting, while a coalition challenges the state’s new 14.25% prediction‑market tax.
about 2 months ago

[BUSINESS] 5 sources
Kalshi's US Prediction Market Hits $5B Weekly Volume as Regulators Clash
Kalshi's prediction market tops $5 billion weekly volume, launches AI tool, faces state‑vs‑federal regulatory clash, and expands crypto perpetual futures with $5.5 billion in two‑week volume.
about 2 months ago

[TECHNOLOGY] 2 sources
Kalshi adds AI contract tester and partners with Haruko to manage regulated crypto futures
Kalshi integrated its BTCPERP perpetual futures with Haruko’s risk platform and launched AI agent Harrison to stress‑test prediction‑market contracts, enhancing regulatory compliance and institutional oversight
about 2 months ago

[BUSINESS] 2 sources
CFTC sues New Mexico over prediction‑market jurisdiction
The CFTC sued New Mexico, targeting state officials, to block the application of state gaming laws to federal‑regulated prediction‑market contracts after the state sued Kalshi for alleged illegal sports betting
about 2 months ago

[BUSINESS] 3 sources
Regulators Target Prediction Market Polymarket as Platform Records $1.2 M Daily Revenue
Regulators aim to curb prediction markets as Polymarket, after adding fees, posts a $1.18 M daily revenue surge, outpacing Hyperliquid and drawing scrutiny.
about 2 months ago

[BUSINESS] 4 sources
Prediction Market Platforms Sue Kentucky Over 14.25% Tax
Kalshi, Polymarket and Crypto.com sued Kentucky to block a new 14.25% excise tax on prediction‑market transaction fees, calling it discriminatory and unconstitutional.
about 2 months ago

[BUSINESS] 6 sources
Kalshi’s US Regulatory Approvals Boost Crypto Futures and Prompt Sports‑Betting Legal Fight
Kalshi gained CFTC approval for HYPE perpetual futures, saw a Bitcoin odds shift toward a $50k target, and faced a legal fight backed by Gary Gensler over CFTC authority in the $165 bn sports‑betting market.
about 2 months ago

[BUSINESS] 2 sources
Kalshi offers US bettors $10 sign‑up bonus for World Cup and NBA predictions
Kalshi offers US users a $10 bonus for new accounts after $10 in trades on NBA Finals, World Cup, and MLB markets, using promo codes BROAD or SBD.
about 2 months ago

[BUSINESS] 2 sources
Prediction Markets Reach $20 B Monthly Volume as Platforms Expand
Prediction markets' monthly volume hit $20 billion by Jan 2026 with 840 k users, as platforms like Kalshi, Polymarket and FanDuel Predicts grow and Chainlink's oracle tech tackles scaling challenges.
about 2 months ago

[BUSINESS] 3 sources
DraftKings stock rises over 7% as prediction‑market volume surges
DraftKings shares climbed 7.6% after reporting a 34% jump in prediction‑market trade volume, integrated the service into its app, and posted stronger Q1 revenue and profit.
about 2 months ago

[BUSINESS] 11 sources
Kalshi introduces employer verification to curb insider trading in high‑risk prediction markets
Kalshi will require employer verification for high‑risk prediction markets, launch a whistle‑blower portal, and partner with Sportradar for sports data amid regulator scrutiny.
about 2 months ago

[BUSINESS] 2 sources
Kalshi orders influencer posts removed amid LA mayor race betting controversy
Kalshi pulled influencer posts that alleged election fraud after $78 million in LA mayoral betting, citing affiliate‑policy violations and raising concerns about paid political promotion.
about 2 months ago

[BUSINESS] 2 sources
Sportradar partners with Kalshi to supply official sports data for prediction markets
Sportradar and Kalshi have signed a multi‑year global deal to provide official sports data, live odds and integrity tools for prediction markets covering major leagues.
about 2 months ago

[BUSINESS] 2 sources
FanDuel Announces Layoffs as Growth Slows and Competition Rises
FanDuel cut several hundred jobs as U.S. sportsbook growth slows and competition from prediction‑market platforms rises, while also rolling out a $50 bonus promo for its new FanDuel Predicts app.
about 2 months ago

[BUSINESS] 5 sources
Kalshi's US Crypto Perpetual Futures Surpass $1 B Volume in First Week
Kalshi’s regulated US crypto perpetual futures, covering assets like XRP, hit over $1 billion in volume in a week, prompting a new HYPE futures filing and a trading‑terminal rollout.
about 2 months ago

[BUSINESS] 2 sources
Polymarket Accuses Kalshi of Espionage and Challenges Minnesota Prediction‑Market Ban
Polymarket accuses rival Kalshi of corporate espionage and files a federal suit against Minnesota’s new prediction‑market ban, citing federal pre‑emption and First‑Amendment violations.
about 2 months ago

[BUSINESS] 2 sources
Kalshi Launches $10 Signup Bonus for New Users
Kalshi offers a $10 signup bonus for new US users who deposit $1 and trade $10, using promo codes “DENVER” or “SDS” for NBA and MLB events.
about 2 months ago

[POLITICS] 2 sources
Kalshi Faces State Lawsuits and Possible Supreme Court Review
Kalshi is sued by New Mexico and other states over alleged illegal sports betting, faces injunctions, and may reach the Supreme Court as Congress moves to reclassify prediction markets as gambling.
about 2 months ago

[BUSINESS] 2 sources
Kalshi launches $10 promo for sports prediction markets
Kalshi offers U.S. users a $10 bonus via promo codes for trading sports prediction contracts on NBA and MLB games, requiring minimal trade volume.
2 months ago

[BUSINESS] 2 sources
Kalshi Gives New US Users $10 Bonus for NBA Finals Prediction Trades
Kalshi's LABS and ELITE promo codes give new US users a $10 bonus after $10 in trades, tied to NBA Finals predictions between the Knicks and Spurs.
2 months ago

[CRIME] 3 sources
Google Engineer Charged with $1.2 Million Insider Trading on Polymarket
U.S. prosecutors charged Google engineer Michele Spagnuolo with insider trading after he used confidential search data to profit over $1.2 million on Polymarket; Google placed him on leave.
2 months ago

[TECHNOLOGY] 2 sources
Polymarket blocks VPN use amid growing regulatory pressure
Polymarket is blocking VPN IPs and demanding user verification as it faces regulatory scrutiny after being banned in 33 countries, amid wider VPN restrictions in the US and UK.
2 months ago

[CRIME] 3 sources
Google Engineer Michele Spagnuolo Charged by US DOJ Over $1.2M Polymarket Bets
US DOJ accuses Google engineer Michele Spagnuolo of using confidential data to profit $1.2 M on Polymarket, facing fraud and money‑laundering charges.
2 months ago

[BUSINESS] 4 sources
Polymarket linked to Google insider‑trading case and AI safety bill betting
Google engineer Michele Spagnuolo was indicted for using confidential search data to earn $1.2 million on Polymarket, while the same platform shows a 13% chance of a US AI safety bill passing by 2027.
2 months ago

[BUSINESS] 2 sources
Kalshi files lawsuit against Minnesota over historic prediction‑market felony ban
Kalshi sues Minnesota to stop the state’s upcoming felony ban on prediction markets, arguing it conflicts with federal CFTC jurisdiction and the U.S. Constitution.
2 months ago

[BUSINESS] 4 sources
Prediction Market Platforms See Surge in Trading Volume
Polymarket logged $38.3 M in 24‑hour trades, while US‑regulated Kalshi’s monthly volume rose to $24 B, driven largely by sports contracts, highlighting a boom in prediction markets.
2 months ago

[CRIME] 20 sources
Google Engineer Charged with $1.2 M Insider Betting on Polymarket Using Secret Search Data
Google engineer Michele Spagnuolo used secret Year‑in‑Search data to bet on Polymarket, earning $1.2 million; he was arrested, charged with fraud and money‑laundering, and placed on leave.
2 months ago

[BUSINESS] 4 sources
Polymarket Faces US Probe and Global KYC Push After Compliance Criticism
Polymarket tightens KYC and blocks users from dozens of countries amid a U.S. congressional probe and criticism from rival Kalshi over compliance failures.

Sources

1001infos.net · 199it.com · a-teaminsight.com · abmedia.io · acierta.mx · aijourn.com · al.com · albertleatribune.com · alienwp.com · aljazeera.com · alobbs.com · alphanews.org · ambcrypto.com · analyticsinsight.net · android-mt.ouest-france.fr · androidportal.zoznam.sk · antoinefink.com · archynewsy.com · arstechnica.com · artinamericamagazine.com · arynews.tv · asiatimes.com · au.pcmag.com · awe.sm · backtojerusalem.com · banyanhill.com · bitcoinethereumnews.com · bitcoinist.com · bitcoinmagazine.com · blockchainreporter.net · blockmedia.co.kr · blockonomi.com · blocktempo.com · blog.chain.link · blog.coincodecap.com · br.bolavip.com · brasilemfolhas.com · braziljournal.com · breakingnews.ie · breitbart.com · brightsideofnews.com · businessmag.al · businessreport.com · businesstoday.in · businessupturn.com · ca.sports.yahoo.com · cahighways.org · canadasportsbetting.ca

This summary has been updated 1 time: see revision history