Polymarket Rewrites Its DeFi Matching Engine in Rust After Calling the Old CLOB Unsalvageable
Polymarket is scrapping its DeFi order book and rebuilding the matcher in Rust after its engineering lead said the old code cannot be saved.
Polymarket is scrapping its DeFi order book and rebuilding the matcher in Rust after its engineering lead said the old code cannot be saved.
Ohio’s June exit, then Michigan and Nevada, turned Kalshi’s $2 million NCPG gift into a live fight over who funds harm reduction—and who sits too close to the table.
Yahoo Finance has ended its exclusive Polymarket data deal after quietly pulling the prediction-market hub in April, while keeping Polymarket as an advertising partner across Yahoo properties.
Tunica-Biloxi launched SaltTrade Derivatives, the first tribal nation prediction market app powered by Kalshi, a day after CFTC staff eased rules for software that routes event-contract trades.
CFTC staff will not treat qualifying non-custodial software as brokers when it only connects traders to registered firms, widening the path to event-contract apps.
Kalshi is chasing a $40 billion valuation after 30-day volume hit $14.1 billion, widening its lead as Sequoia and Wellington weigh a $750 million-plus round.
Police referred 18 Polymarket traders to prosecutors after booking 26 people over $12.7 million in alleged illegal wagers, including one $4.1 million book built from public blockchain traces.
Traders had priced an 85%–89% chance of a quarter-point hike. The Fed delivered, then October and December contracts immediately began fighting over the next 25 basis points.
Polymarket launched a 2026 Midterms Hub that maps live Senate, House, and governor odds, letting traders track chamber control and Election Night returns as campaign news moves prices.
Sen. Bob Hall compared sports event contracts to a painkiller before a wound as a Senate panel weighed lawsuits, a ban, or leaving traders on federally overseen platforms.