Polymarket has crossed a historic threshold, with annualized revenue surging past $1 billion just six weeks after opening broader U.S. exchange access. Traders are driving explosive volume growth.
Sports contracts now command up to 90% of Kalshi’s trading volume, powering billions in activity during peak seasons. Yet as dominance grows, regulators and traditional sportsbooks intensify the debate over whether these event contracts are commodities or gambling.
Kalshi is negotiating fresh capital at a stunning $40 billion valuation, nearly doubling its $22 billion mark from just seven weeks ago. The rapid ascent highlights surging momentum in regulated event contracts.
Mark Zuckerberg has directed a Meta team to build Arena, a sleek standalone app for prediction markets. The project, initially points-based with real-money potential, is already rattling stocks in the sector.
Polymarket partners with Dear Media to launch “What Are the Odds?,” a weekly podcast blending celebrity drama, reality TV, and live prediction market odds. The move aims to broaden appeal and draw more women into trading.
Charles Schwab partners with Cboe to launch S&P 500 binary options, delivering fixed-payout contracts based on index closes. The move signals accelerating mainstream adoption of outcome-based trading tools for retail and institutional traders alike.
Paid creators are flooding social media with videos of massive Polymarket wins that never happened. Many trades were staged on dummy platforms, sparking fresh questions about the company’s aggressive push to attract traders.
Traders on prediction platforms rapidly repriced higher odds of Fed rate hikes after Chair Kevin Warsh’s hawkish shift at the June FOMC, lifting 2026 tightening probabilities above 57% despite steady rates.
Canadian traders will soon access nearly 4,000 regulated event contracts on Wealthsimple Predict. CIRO-approved and focused exclusively on economic, financial, and climate outcomes, the Kalshi-powered app launches this summer with built-in safeguards and educational tools.
Illinois’ sweeping new Digital Access Tax is slamming Polymarket traders with rising costs, stricter compliance demands, and shifting liquidity as major changes take effect in January 2027.
