UFC CEO Dana White has urged President Trump to repeal the controversial 90% gambling loss deduction cap, warning it creates unfair phantom taxes. The letter has already triggered over $3 million in Kalshi trading volume on repeal odds.
The New York Times investigation uncovers suspiciously timed bets on Polymarket that delivered millions in profits on Iran conflict outcomes, igniting fresh concerns over potential insider trading and platform integrity.
Traders poured over $366,000 into Polymarket’s Bitcoin up-or-down daily close markets on May 11, as Ethereum and WTI crude contracts surged amid rapid price action and sharp probability shifts.
President Donald Trump rejected Iran’s latest peace offer as “totally unacceptable,” placing the fragile ceasefire on life support. Polymarket odds for a permanent US-Iran deal shifted rapidly as oil prices surged.
Polymarket’s new tweet markets on Elon Musk activity have exploded in popularity, with traders wagering millions on his exact X post counts across daily and weekly windows in real time.
Prediction markets flash striking optimism: traders have driven low recession odds 2025 2026 to record lows near 20 percent, signaling strong confidence in economic resilience amid fresh data and policy support.
Solo developer Carlos Revelo has launched OddMaki on Base, delivering fully permissionless on-chain prediction market protocols that let anyone deploy custom venues in minutes. This breakthrough is reshaping decentralized prediction markets in 2026. (29 words)
Traders have flooded Kalshi and Polymarket with over $4.3 million in bets on the emerging hantavirus outbreak, rapidly shifting odds as the cruise ship-linked cluster fuels global health concerns.
Traders are pouring millions into nuclear deal prediction markets, pushing US-Iran agreement odds to 58% by 2027 while maritime disruption contracts hit record volumes amid escalating geopolitical tensions.
DraftKings prediction markets expansion fueled a 17% revenue surge to $1.646 billion in Q1 2026, as annualized trading volume exceeded $1 billion and the company targets sports prediction leadership by year-end.
