The prediction market company Kalshi is poised for an Initial Public Offering (IPO) after another bumper year of growth, with reports suggesting a potential late-year 2027 date for a public listing. Reporting from American business publication The Information suggests discussions remain at an early stage.
New Jersey is adding its name to the long list of states taking action against prediction markets after senators Nicholas Scutari and Paul Sarlo introduced a bill to regulate prediction markets at the state level. Senate Bill 4447 was presented on June 11th and ignores the ferocious push back from the CFTC on similar cases.
BetConstruct AI has partnered with ADI Predictstreet to add prediction markets and live match streaming to its iGaming platform
Prediction market company Kalshi will start requesting information from employers in instances where high-risk markets are in play as it strengthens its efforts to stop insider trading and manipulation on the platform. The sector is facing increased scrutiny over insider trading risks following several high-profile cases involving trades allegedly based on nonpublic information.
The prediction market company, Polymarket, is to exclude use of VPNs on its platform, according to reports, in an effort to clamp down on users bypassing local and national restrictions. The platform is restricted in 33 countries and several regions due to local regulations and sanctions, and the measures aim to prevent users from bypassing those restrictions via VPNs.
Gemini has launched an AI-powered Command Center feature to help users track and analyze prediction markets
A derivatives and securities exchange operator is launching a product that allows for prediction markets to provide its users with partial payouts. Cboe Global Markets is launching a new framework that expands the trading market choice beyond traditional yes/no outcomes.
Kalshi is seeking talks with Brazilian regulators to reverse a block on prediction market platforms
Congress is considering restrictions on prediction market trading by military personnel and Pentagon staff
A judge has blocked Polymarket from operating in Nevada, the second such action from a lawmaker in the state following the court-enforced, in-effect ban against rival prediction market company Kalshi announced in April. Judge Jason Woodbury of the First Judicial District Court for the State of Nevada ruled in favor of the Nevada Gaming Control Board.
A new draft defense policy bill, released last week by the House Armed Services Committee will ban troops from using prediction markets to wager on global events should it pass the house. The move comes after months of allegations leveled at soldiers using inside knowledge to profit via trades on event contracts.
Prediction market trading linked to the 2026 FIFA World Cup could exceed $2.5 billion in the United States
DraftKings posted a profitable first quarter as sportsbook margin improved and its prediction market push moved deeper into the main app. The company kept its full-year guidance unchanged.
The Gemini Space Station crypto exchange, owned by the Winklevoss brothers, has been granted permission to offer prediction markets by the Commodity Futures Trading Commission (CFTC). The company finally secured a Designated Contract Market (DCM) license five years after initially lodging an application.
Galaxy Digital has launched institutional prediction market trading through its Global Markets desk
