
Prediction market 'gambling' needs state regulation, not feds, Mick Mulvaney says after Iran war bets
Mick Mulvaney also said prediction markets, by offering contracts on events such as wars, could represent a security risk for the U.S.
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Mick Mulvaney also said prediction markets, by offering contracts on events such as wars, could represent a security risk for the U.S.
DraftKings is expanding its business beyond traditional sports betting by venturing into prediction markets, prompting discussions on whether this move makes its stock a buy for 2026.

Traders on Kalshi are increasingly betting that Texas Attorney General Ken Paxton and Democratic state Rep. James Talarico will secure their parties’ Senate nominations ahead of Tuesday’s primary.

Odds moved sharply as rumors of his death circulated and analysts drew attention to a wave of wagers placed on his ouster both right before the attacks, as well as in January.
Bets on Fate of Iran’s Khamenei Spark Uproar at Leading Prediction Markets WSJ
Bets on Fate of Iran’s Khamenei Spark Uproar at Leading Prediction Markets WSJ
Prediction markets like Polymarket and Kalshi are facing backlash and criticism over allegations of insider trading related to bets on the Iran conflict.
Bloomberg reports on the growing trend and impact of prediction markets, featured in their March 1, 2026 issue.

Bettors have placed more than $36M worth of wagers on whether or not there will be a regime change in Iran
Apple CEO Tim Cook is reportedly concerned about a CIA warning regarding Taiwan, raising questions about potential geopolitical risks for the company.
The allegations surface as prediction markets look to gain a foothold in Hollywood, which increasingly appears happy to take the money.

With prediction markets booming, so have concerns about insider trading. Now, Kalshi has disclosed its first public actions against accounts suspected of trading on confidential information.
CFTC Backs Crypto.com In Nevada Prediction Markets Fight—SCOTUS Next? Forbes
Ethereum co-founder Vitalik Buterin has issued a warning that prediction markets are becoming excessively speculative.
The Canadians enter Sunday’s gold medal game as narrow favorites, and Todd Cordell expects Mitch Marner & Co. to prevail in Milan.
Prospect Prediction Markets Inc. delivered a presentation at the AI & Technology Virtual Investor Conference on February 19th.
Tradeweb and Kalshi have announced a collaboration aimed at broadening access to prediction markets.
A study suggests that prediction markets are narrowly superior to traditional financial markets when it comes to accurately forecasting the Federal Reserve's interest rate decisions.

Wells Fargo predicts a 'YOLO' trade will inject $150 billion into Bitcoin and other risk assets, according to a report by Zoltan Vardai via CoinTelegraph.com.
Prediction markets are offering insights into how high the Nasdaq-100 could climb by 2026, while Cathie Wood's ARKK fund continues to struggle, remaining over 50% down from its 2021 peak five years later.
A legal dispute over prediction markets is emerging, sparked by recent actions from the CFTC.

Prediction markets are forecasting a 22-day Department of Homeland Security shutdown, even as the odds of a prolonged standoff appear to be easing.

At least 20 federal suits filed against companies like Kalshi and Polymarket as lawmakers call it ‘loophole’ for gambling State lawmakers and gaming regulators across the US are escalating their fight against prediction markets, arguing that the fast-growing platforms are “basically gambling but with another name”. At least 20 federal lawsuits have been filed nationwide, disputing whether companies such as Kalshi and Polymarket should be treated as federally regulated financial exchanges, as they maintain, or as gambling operations that should be regulated like state-licensed sportsbooks. Continue reading...
Polymarket has filed a lawsuit against Massachusetts in response to the state's crackdown on prediction markets.
Ethereum co-founder Vitalik Buterin suggests that hedging on prediction markets could potentially replace traditional fiat currencies. This highlights ongoing discussions about the future of decentralized finance and its impact on global monetary systems.

Prediction platforms like Polymarket and Kalshi are experiencing rapid growth, prompting confusion and concern due to their less regulated nature compared to traditional betting sites.
Prediction markets Kalshi and Polymarket are facing criticism for allowing users to bet on outcomes related to the Iran conflict, raising ethical concerns about profiting from violence and war.
Who will replace Ayatollah Khamenei — a moderate or an ‘Iranian Putin’? The Times
The rise of prediction markets like Kalshi and Polymarket is offering new tools for statisticians and social scientists to test theories and resolve questions, akin to new scientific instruments.
Bets on Fate of Iran’s Khamenei Spark Uproar at Leading Prediction Markets WSJ
Crude-oil markets won’t officially open for a few more hours, but traders are already using prediction markets like Kalshi to take bets on where prices will settle on Monday.

The combined impact of military strikes attributed to the United States and Israel, alongside the death of Supreme Leader Ayatollah Ali Khamenei, has sent shockwaves through international energy…
Crypto prediction markets suggest Bitcoin is far from $150,000, but an analysis outlines a bull case for the cryptocurrency to potentially reach that valuation.

Results underscore investor fears that prediction markets are eating into the $14bn US sports gambling sector
A US regulator has stated its power to police misconduct in prediction markets, indicating a potential increase in oversight for this emerging financial sector.

At least 20 lawsuits have been filed against prediction companies
Prediction markets like Polymarket and Kalshi are exploring new ways to engage users by 'gamifying truth', allowing participants to bet on future events.
Ethereum co-founder Vitalik Buterin has issued a warning that prediction markets are on a trajectory to devolve into 'corposlop,' a term implying corporate-controlled, low-quality content.
Crypto startups have successfully raised $95 million, with deal terms becoming more attractive, and prediction markets and AI agents leading the investment rounds.
Proposed ETFs tied to U.S. election prediction markets are sparking concerns about potential manipulation and 'tomfoolery' on Wall Street.
DeepMarkit has announced its intention to rebrand and will soon be known as Prospect Prediction Markets.
An article explores the controversial idea that insider trading may not always be detrimental, particularly when applied to prediction markets.
CFTC Chairman Michael Selig is siding with prediction markets in their ongoing legal battles with state regulators, intensifying the political debate.
Ethereum creator Vitalik Buterin, an early backer of Polymarket, has voiced his dissatisfaction with the current trajectory of prediction markets.
The Trump administration is backing companies like Kalshi and Polymarket, which operate prediction markets, as several states move to ban such platforms.
The CFTC Chair is defending the agency's jurisdiction amidst a legal battle with states over prediction markets.

As prediction markets boom, competition is heating up. So traders go the extra mile for a fraction-of-a-second advantage or to sleuth out information nobody else has. It can lead to a huge payday.
Ethereum co-founder Vitalik Buterin suggests that prediction markets could potentially replace traditional fiat currencies.
Ethereum co-founder Vitalik Buterin has issued a warning that prediction markets face potential collapse without significant fixes. He highlighted critical issues that need to be addressed for their long-term viability.

Bets placed on the ouster of Iran's Supreme Leader Ayatollah Ali Khamenei drew scrutiny of prediction markets such as Polymarket and Kalshi on Monday, sparking calls from Democratic U.S.
UCL's Ahlul-Bayt Islamic Society, which purports to explore the teachings of Islam as taught by the Prophet and his household, posted its "condolences" on Khamenei's "martyrdom."

Bets on Fate of Iran’s Khamenei Spark Uproar at Leading Prediction Markets WSJ
Bets on Fate of Iran’s Khamenei Spark Uproar at Leading Prediction Markets WSJ
Bets on Fate of Iran’s Khamenei Spark Uproar at Leading Prediction Markets WSJ
The insider trading scandal involving Axiom has extended its reach into prediction markets, highlighting broader implications for financial integrity.
An article explores why prediction markets represent the largest untapped collateral pool within the Decentralized Finance (DeFi) ecosystem.

Polymarket and Kalshi are platforms that allow users to place bets on political outcomes and news events, effectively gamifying the pursuit of truth through prediction markets.
Prediction markets are showing a 95% certainty that Nvidia will exceed its earnings expectations, with implications for investors.
Home Depot's upcoming earnings report is highly anticipated, with prediction markets indicating a strong likelihood of positive results.
A Bitwise CIO suggests that Ethereum and Solana are challenging the traditional Layer 1 blockchain narrative, highlighting the transformative potential of prediction markets.
Crypto startups have successfully raised $95 million in funding, with deal terms becoming more attractive, particularly in prediction markets and AI agents.
The Supreme Court has issued a ruling striking down some of former President Trump's most extensive tariffs, leading to immediate reactions and fallout.
Two young men describe losing thousands of dollars on prediction market platforms Kalshi and Polymarket, highlighting the risks associated with these increasingly popular platforms.
Predictions for the 2026 World Baseball Classic show the U.S. and Japan as top contenders, with the Dominican Republic also being a team to watch.
Must-see pictures from the Cincinnati Reds' 2026 photo day showcase the team.
Kalshi's website Thomas Fuller/NurPhoto via Getty Images Nevada regulators sued Kalshi, saying its markets are actually illegal sports gambling. The suit was filed just as the Trump administration sided with prediction markets. Other states have also sued Kalshi, and many legal observers expect the Supreme Court to weigh in. Nevada gambling regulators sued the prediction markets company Kalshi on Tuesday, saying the platform's rapid growth forced their hand. The Nevada Gaming Control Board and the state attorney general sued in Carson City District Court shortly after a federal appeals court rejected a request by Kalshi to stop the state from taking action. The state is seeking an order to stop Kalshi, the country's largest prediction market, from operating what it sees as an unlicensed sports betting operation. "Kalshi has continued to dramatically expand its business, rather than attempting to maintain any kind of status quo," Nevada authorities said in a letter earlier this month. The regulators emphasized that Kalshi has grown rapidly, doing 27 times as much business on Super Bowl Sunday this year compared to the year before. Meanwhile, regulated Nevada gambling operations saw their business shrink, the state said. A Kalshi spokesperson declined to comment on Tuesday afternoon, but the company swiftly asked a federal court to take over the new state case. They argued that only federal law applies to prediction markets, and that the new state enforcement action turns on the same questions that federal courts are already considering. Kalshi has said that its markets are "event contracts," a financial instrument regulated by the Commodities Futures Trading Commission. The CFTC on Tuesday sided with another events-contracts company that is fighting with Nevada regulators, and its chairman, Michael Selig, filmed a video statement defending the new platforms. "Today, the CFTC is taking an important step to ensure that these markets have a place here in America," Selig said. "To those who seek to challenge our authority in this space, let me be clear: we will see you in court." Economists and political scientists have long been fascinated by prediction markets as a way to channel the so-called wisdom of the crowds. They were generally a niche activity until the 2024 US presidential election, when people wagered millions of dollars on sites like Polymarket. Since the election, sports and cryptocurrency speculation have become the dominant markets. Today, more than 90% of the money that flows through Kalshi's platform is staked on sports-related events, and the growth of platforms like Kalshi has spurred traditional sportsbooks like FanDuel and DraftKings to create their prediction markets to take advantage of the light-touch regulation and lower taxes they offer. Legal battles are pending on the East Coast as well, with regulators in Maryland and New Jersey having clashed with prediction markets. Attorneys and other industry commentators have said they expect the Supreme Court to eventually weigh in on the legality of sports contracts on prediction markets. Read the original article on Business Insider
The Trump administration has expressed support for prediction markets like Kalshi and Polymarket, even as some states move to ban them.
Prediction markets are increasingly making inroads into the sports industry, indicating a growing trend in this sector.
An opinion piece from The Wall Street Journal discusses how states are increasingly encroaching on prediction markets.
Prediction markets show a strong interest in sports, but the feeling is not entirely mutual from the sports world's perspective.

Prediction markets are gaining traction in the US sports gambling sector, causing concern for investors as traditional platforms like DraftKings and Flutter see their shares slide.