Kalshi and Polymarket continue onboarding traders and fueling massive cricket volumes despite India’s stern warnings labeling the platforms illegal. The defiance spotlights growing tensions between global innovation and regulatory control.
Smart operators are layering casino-style thrills onto regulated prediction market contracts, creating a novel loophole that skirts traditional gambling oversight. Troutman Pepper Locke partner Stephen Piepgrass warns the model could spread rapidly.
Wall Street fired a rare warning shot at DraftKings as BNP Paribas issued an underperform rating, citing Kalshi and Polymarket’s explosive growth as a direct threat to the sports betting leader’s margins and market dominance.
Kalshi has investigated more than 400 suspicious trades in 2026—double the prior year’s total—as insider activity surges on Polymarket and Kalshi amid exploding trading volumes and mounting regulatory scrutiny.
Serie A executives have signed a groundbreaking multi-year exclusive deal naming Polymarket the league’s official prediction market partner. The agreement integrates Genius Sports data and brand visibility, transforming how fans engage with every match.
Polymarket’s surprise decision to drop its waitlist and open fully to U.S. users this week sets up a high-stakes showdown with Kalshi. The battle will determine whether prediction markets remain elevated sports betting or mature into a powerful new financial primitive.
Interactive Brokers has launched a powerful unified prediction markets platform integrating Kalshi, CME Group, and ForecastEx contracts, delivering best-price execution and seamless multi-asset portfolio oversight for sophisticated investors.
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.
