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.
Coinbase sank as CLARITY Act odds collapsed before a failed Senate cloture vote, turning the stock into the sharpest listed read on whether crypto market-structure legislation still had a 2026 path.
Traders lifted Clarity Act odds on Kalshi and Polymarket after Trump accepted most of a new ethics deal—yet Tuesday’s 60-vote cloture test still leaves the bill far from becoming law.
Coinbase CFO Alesia Haas says prediction markets are among the firm’s fastest-growing products after hitting a $100 million annualized run rate and doubling since launch.
