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Polymarket seeks more than $20 billion valuation as revenue surges
The prediction-market platform has seen trading volumes and annualised revenue climb after opening its U.S. exchange.
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New York sues Kalshi as illegal gambling case widens
The state says the prediction-market firm operated without a gaming licence, let in 18- to 20-year-olds and dodged taxes meant to support public services.
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ProphetX raises $35 million after CFTC approval
The company said the money will deepen liquidity, expand its B2B platform and build on a nationwide launch in federally regulated sports prediction markets.
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Judge blocks Minnesota’s prediction market ban
Katherine Menendez said the challengers were likely to succeed on pre-emption claims, keeping Kalshi and Polymarket US live in the state for now.
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Fanatics buys BGC exchange to build out prediction markets
The company said the deal gives it its own CFTC-registered exchange and clearinghouse, while BGC will help develop new market-data products.
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CFTC tells prediction markets to stop filing broad template event contracts
The agency said DCMs must give regulators the terms, settlement analysis and compliance details for each contract or closely related class, rather than packing many permutations into one filing.