Traders are locked in fierce battles on Polymarket over the exact definition of “normal traffic” through the Strait of Hormuz, with millions in payouts hanging on disputed ceasefire terms.
The White House has issued a stark warning to staff: stop betting on prediction markets using nonpublic information. The directive, sent March 24, fuels growing insider trading concerns amid suspiciously timed geopolitical trades.
Google News briefly displayed live Polymarket betting odds alongside reports from Reuters and The Guardian, sparking fierce debate over whether prediction market wagers now qualify as legitimate journalism.
Kalshi collected a staggering $124 million in fees over the past 30 days, dwarfing competitors and signaling prediction markets’ explosive shift into mainstream entertainment and daily habit.
Traders flooded Kalshi and Polymarket with over $500 million in 24-hour volume as sports events, crypto swings, and economic signals ignited fierce daily battles across global markets.
Newly created wallets poured millions into Polymarket’s US-Iran ceasefire contract hours before Trump’s announcement, netting hundreds of thousands in profits and igniting fierce insider trading suspicions.
Fox Corporation has partnered with Kalshi to embed real-time probability forecasts across FOX News, FOX Business, FOX Weather, and FOX One, delivering crowd-sourced insights that transform how audiences engage with breaking stories.
Kalshi and Polymarket are clashing over how to handle explosive Iran war bets, delivering record volumes even as regulators and states ramp up legal pressure on the booming prediction markets industry.
Prediction Market Platforms Capture Instant Volatility as Oil Plunges Below $100 on Ceasefire News Polymarket and Kalshi traders scrambled to…
Polymarket just launched Polymarket USD, its new 1:1 USDC-backed collateral token, slashing gas fees and supercharging execution speeds in a major infrastructure upgrade that hands the platform full control over trading settlement.
