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Bloomberg video examines prediction markets’ challenge to sportsbooks
Romaine Bostick’s two-minute segment brought betting and trading executives into a widening debate over sports contracts and federal oversight.
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Wyoming governor primary draws nearly $420,000 in Polymarket trading
The figure reflects contracts on one Republican primary, not campaign money, as trackers follow state election and sports markets.
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Kalshi nears $1 billion raise at $40 billion valuation
Tiger Global and Dragoneer are among investors in late-stage talks, while the terms of the financing remain unsettled.
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Coinbase Ventures and CMCC Global value Raven at $90 million
The former crypto market maker has expanded to quote more than 3,000 prediction-market contracts across venues including Kalshi and Polymarket.
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Polymarket US gains ground as weekly prediction trading reaches $19.46 billion
Combination contracts supplied 96% of Polymarket US’s weekly growth, while Kalshi set new daily and weekly volume records.
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Polymarket gives Democrats 92% chance of taking House
The House price was far more decisive than the Senate market, while separate contracts made an 8% to 10% Democratic popular-vote margin the most likely among the cited brackets.
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Issuer-specific prediction markets test SEC-CFTC boundary
Contracts on earnings, production and stock performance raise the question of when an event market becomes a security-based swap.
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New Mexico lawmakers warned prediction markets could divert tribal gaming revenue
Committee witnesses raised concerns over casino revenue, online access for younger users and a still-conceptual tax on prediction-market earnings.
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Sixth Circuit lets Ohio and Tennessee enforce gambling laws against Kalshi
Unanimous panel finds Kalshi’s sports contracts were not shown to be swaps under the federal commodities statute
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ProphetX adds Parlay Mode for multi-leg sports trades
The dedicated interface surfaces markets with parlay quotes and keeps a single trade slip open across sports and leagues.
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New York sues Polymarket, which counters with federal challenge
The state says sports event contracts amount to unlicensed gambling, while Polymarket says its products are federally regulated derivatives.
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Kalshi’s Montana lawsuit is dismissed, but enforcement remains possible
A joint stipulation ends the federal case while requiring notice before Montana can pursue potential action against the prediction-market operator.