CRSHMARKET launches a prediction market for betting on livestream events — CRSHMARKET, a new platform founded by 21-year-old Evan Rama, lets users bet on any event occurring in a livestream, such as whether an Uber arrives in under two minutes or whether a streamer gets a phone number. The company's viral X post drew criticism over potential insider trading and money laundering, with the platform responding that it has the issue covered. The platform has received little media coverage and its legitimacy remains unclear.
Polymarket sees 1% of wallets control $133 million in midterm odds, raising concentration concerns — The Anti-Corruption Data Collective analyzed 7,466 congressional markets across Kalshi, Polymarket, and Polymarket US, finding that the top 1% of wallets on Polymarket Global account for 68% of congressional volume, with just ten wallets producing 17% and trading contracts touching 426 of 470 seats. Total volume reached $133 million by Aug. 10, surpassing the full 2024 cycle's $92.4 million, with projections of $1.4 billion to $1.6 billion by Election Day. Eighty percent of Polymarket's congressional markets have fewer than 100 participating wallets, and Texas, Maine, and Michigan Senate contracts plus Kentucky's 4th District account for 67% of state-level volume.
Gate.io launches a white-label prediction-market toolkit with a $3 million developer grant — Gate.io's Event Contracts Builder, developed under its Gate DexBuilder division, lets third parties run branded prediction markets covering sports, esports, economic data, and AI developments. The toolkit includes market creation, order handling, liquidity access, settlement, risk controls, and a monitoring dashboard. The $3 million grant programme targets brokers, fintech firms, and Web3 developers, though Gate has not disclosed recipient numbers or award sizes. This infrastructure-first approach contrasts with Polymarket and Kalshi, which operate their own venues, and shifts regulatory compliance onto individual builders.
Cboe introduces financial event contracts as its stock rises 2.5% — Cboe Global Markets is rolling out new financial event contracts, a move that comes as its own stock climbs 2.5%. The launch expands Cboe's product lineup into event-driven trading, which allows investors to take positions on specific outcomes. The stock move suggests market participants view the new contracts as a positive development for the exchange operator.
Polymarket contests France's ban on its prediction market website — Polymarket is legally challenging the French National Gambling Authority's July decision to block its website nationwide. The regulator argued the platform exposes users to significant financial losses and allows potential manipulation of wagers. Polymarket asserts its operations do not warrant such prohibitions under existing gambling regulations.
PredictIt executive says prediction market gambling fight could reach the Supreme Court by June — Flip Pidot, chief strategy officer at PredictIt, expects the legal battle over who regulates prediction markets to reach the Supreme Court as soon as next June. The Third Circuit sided with Kalshi against New Jersey in April, but pending Ninth Circuit arguments over Nevada and Kalshi's appeals in the Second Circuit could create a circuit split. Pidot predicts the Supreme Court could decide to hear a case as early as November, with a ruling likely by June, as the CFTC and a supermajority of state attorneys general remain at odds over whether event contracts are federal commodities or state gambling.
Polymarket withdraws interim relief bid in Italy but continues appeal against ADM block — Polymarket has withdrawn its application for an interim injunction to suspend the ADM order blocking its site in Italy, filed on 19 August 2026 before the Lazio Regional Administrative Court. The company will still pursue its appeal on the merits against the 10 July ban, which followed an earlier November 2025 block that was overturned by the same court. The site has been inaccessible in Italy since 27 July.
CFTC Chair Selig unveils prediction market roadmap as CME CEO Duffy clashes with Kalshi and Coinbase — At the inaugural CFTC Innovation Advisory Committee meeting, Chair Michael Selig announced a three-part regulatory roadmap for prediction markets, including proposed amendments to Rule 40.11 and new reporting requirements for fully collateralized event contracts. CME Group CEO Terry Duffy challenged the self-certification approach, clashing with Selig and Kalshi co-founder Luana Lopes Lara, while Coinbase CEO Brian Armstrong and Robinhood CEO Vlad Tenev defended the CFTC's exclusive jurisdiction. Selig reiterated the agency's commitment to defending its authority in court against state gambling laws.
Polymarket CEO Coplan says an ex-FBI officer is watching every trader — Polymarket CEO Shayne Coplan stated that a former FBI officer is monitoring all trader activity on the platform. The comment underscores the platform's focus on surveillance and integrity as it scales, likely in response to regulatory scrutiny and concerns about market manipulation.
Canadian banks restrict prediction market bets as Kalshi reports insider trading cases — Royal Bank of Canada, Bank of Nova Scotia, Toronto-Dominion Bank, National Bank, and Manulife have updated employee policies in response to prediction market platforms launching in Canada. RBC bars employees subject to personal trading policies from placing bets on prediction markets, while Scotiabank prohibits speculation on financial markets, indexes, or companies. Wealthsimple and Interactive Brokers Group are the only brokers certified to run prediction markets in Canada, offering three categories of bets, and Kalshi has referred 32 instances of possible insider trading to the Commodity Futures Trading Commission.
Prosecutors urge judge to reject dismissal motion in Polymarket insider trading case against soldier — Federal prosecutors in New York are opposing a motion to dismiss the indictment against Gannon Van Dyke, a U.S. special forces soldier who bet on Nicolas Maduro's ouster from Venezuela. Van Dyke, who pleaded not guilty, argues the charges are novel and that his Polymarket trades aren't criminal. Prosecutors counter that his use of confidential information from the military raid that captured Maduro constitutes insider trading, calling it the first such case on a prediction market. Van Dyke placed 13 bets on the operation's outcome and is scheduled for trial in December.
Polymarket faces scrutiny as Reuters reports 150 plus wallets may trade on inside US military information — Reuters reports that a new Anti-Corruption Data Collective analysis found more than 150 wallets on Polymarket may have traded on inside US military information, with experts fearing the practice could compromise military secrets. The analysis focused on long-shot bets of at least 2,500 dollars at odds of 35 percent or less, identifying 566 wallets dubbed orcas that typically placed lucrative bets on freshly made accounts before cashing out and disappearing. Polymarket did not respond to Reuters requests for comment.
San Diego County bans employees from trading on Kalshi and Polymarket with nonpublic information — The San Diego County Board of Supervisors voted unanimously to prohibit current and former county employees from trading on predictive markets like Kalshi and Polymarket using nonpublic information or information tied to their official duties. The move follows a spike in insider trading on betting markets, including nine accounts that cashed in over $2 million on U.S. military action in Iran, an Army member accused of using classified information to win more than $400,000, and three congressional candidates betting on their own elections. The ban also extends to post-employment lobbying restrictions.
CFTC seats Coinbase, Kalshi and Polymarket CEOs on renamed Innovation Advisory Committee — The CFTC's renamed Innovation Advisory Committee holds its first meeting on August 20, 2026, with CEOs from Coinbase, Kalshi, Polymarket, Ripple, CME, Nasdaq and Robinhood in attendance. The agenda covers crypto regulation, AI agents and prediction markets, as Kalshi and Polymarket face over 20 state lawsuits challenging whether their contracts are financial products or illegal gambling.
Polymarket faces scrutiny as fake polls from Median Strategies show signs of a pump-and-dump scheme — Median Strategies, an unknown polling firm, admitted its polls were bogus and part of a 'short-term social experiment' to see how polling data spreads through the political information ecosystem. The firm explicitly denied that anyone involved held or traded positions in election prediction markets, but the pattern of releasing fake polls to move odds matches classic market manipulation tactics. Los Angeles Mayor Karen Bass touted one such fake poll showing her leading challenger Nithya Raman by double digits, while another fake poll in Wisconsin showed a candidate up by 23 points who ultimately lost.
Denmark blocks Polymarket and 97 other gambling sites in unlicensed sweep — The Frederiksberg Court approved DNS blocks on 8 July, telecoms operators enforced them on 6 August, and the Ministry of Taxation and Economic Growth made the case public on 19 August. The order covers 98 domains, including polymarket.com, with end users redirected to a notice about entering an illegal site. The regulator Spillemyndigheden says the sites deliberately targeted Danish users with Danish language, currency, national symbols, and local payment methods, bringing the total number of blocked illegal gambling domains since 2012 to 870. Danish Tax Minister Jakob Engel-Schmidt welcomed the ruling.
Polymarket and Kalshi leaders meet with Trump as he delays Canada tariffs — President Trump hosts leaders from prediction market platforms alongside crypto executives at a White House meeting, while announcing a delay on Canada tariffs. The meeting signals growing political engagement with prediction markets at the highest level of government.
Kalshi launches block trading with Cantor Fitzgerald for institutional clients — Kalshi brings Cantor Fitzgerald on as Introducing Broker to offer block trading in event contracts on its CFTC-regulated exchange, enabling institutional clients to negotiate trades at a single price away from the central order book. Cantor will operate the business within its Global Markets division under co-CEOs Pascal Bandelier and Christian Wall, with Susquehanna Predictions providing pricing and liquidity, and additional venues expected to follow. Kalshi has already completed its first block trade in April and formed a partnership with Interactive Brokers, while Bernstein projects annual trading volumes could reach $1 trillion by decade-end.
Crypto.com and Washington seek a pause in the event-contract case — Crypto.com and Washington state are jointly requesting a pause in the litigation over event contracts. The move suggests both parties are exploring a settlement or awaiting a related regulatory development. The case centers on whether Crypto.com's event contracts constitute illegal gambling under Washington law.
PredictBay adds $1.30 billion in simulated fees and 1-minute UP/DOWN markets on Sui — PredictBay emerges from stealth with $26.1 billion in simulated paper-trading volume and $1.30 billion in simulated fees since January 2026, according to its trading dashboard. The Silicon Valley-built, Panama-incorporated platform plans 1-minute UP/DOWN markets on Sui's DeepBook Predict, distribute over 1 million dUSDC testnet units, and target a mainnet rollout later in 2026 with an options roadmap spanning crypto, gold, oil and 24/7 equities.
Novig and Polymarket sign the only two prediction market deals with major U.S. sports teams as most clubs wait on regulation — Only two teams from the NFL, NBA, and MLB have partnered with prediction market operators: the Mets with Novig in late July and the Yankees with Polymarket. Most clubs are taking a wait-and-see approach, with owners concerned about regulatory uncertainty and their business interests across multiple states and internationally. Gaming experts say teams may wait until 2028 for the court system to clarify the legality of prediction markets before signing deals.
Novig reports $125 million first-week volume as legal fight with five states intensifies — Novig generated over $125 million in notional trading volume in its first week as a federally regulated prediction market, with its best day reaching $26.3 million. Parlays made up about a third of volume, and baseball led activity. The company has sued five states arguing federal derivatives law preempts their gambling regulations, with mixed results so far in court, while its sports volume topped the opening weeks of Kalshi, Polymarket US, Underdog, and DraftKings' DKeX. Novig launched nationwide on August 4 after the CFTC granted its Ludlow Exchange LLC subsidiary Designated Contract Market status on June 16, and requires users to be 21 or older, three years above the 18-plus minimum most rivals use.
Kalshi partners with Catalist Sports for exclusive live streams and tennis data — Kalshi signed a multi-year agreement with Catalist Sports for exclusive rights to live streams from its global sports catalogue within U.S. prediction markets, plus official low-latency data for tennis competitions. The deal covers over 65,000 tennis matches annually, including the World Tennis Tour, Australian Open, and Davis Cup, and adds Ligue 1 and Brazil's Série A soccer, plus basketball and ice hockey.
Kalshi files for US500 stock index and copper perpetuals with CFTC — Kalshi submitted the US500 contract to the CFTC on 18 August under its voluntary product approval process, tracking the MerQube US Large Cap Index with a $1 multiplier and $0.05 minimum tick, alongside a copper contract designated COPPERPERP that is cash-settled against the Pyth Network XCU/USD price feed with each contract representing 1,000 pounds of copper. The filings follow the CFTC's May approval of Kalshi's bitcoin perpetual, which generated over $5.5 billion in volume in its first two weeks, and come as CME challenges that approval in federal court. The new coverage adds that Kalshi also filed for gold and silver perpetuals in July, and that the US500 contract tracks 500 large-cap U.S. stocks with no expiration date, using funding fees to maintain price alignment.
Cartesian Digital launches prediction markets service for institutional trading firms — Cartesian Digital, an outsourced accounting and investment operations firm for the digital asset industry, launched its Prediction Markets Service to support hedge funds, crypto funds, market makers, and proprietary trading groups with accounting, audit/tax support, daily reporting, and 24/5 investment operations for event-contract and perpetual-futures strategies. The service aims to close the operational gap as regulated venues expand access and professional firms increasingly trade event views and hedge idiosyncratic risk through these instruments.
Polymarket blocked in South Korea as ban list grows to 33 countries — Polymarket's website is now fully blocked in South Korea with an HTTP 451 error, following the Korea Communications Standards Commission's Aug. 18 decision that the platform constitutes illegal gambling under the Criminal Act and National Sports Promotion Act. The block brings the total number of countries or territories where Polymarket is restricted to 33, including Australia, Brazil, Germany, France, the United Kingdom, Japan, Russia, and the United States, according to the platform's own geographic restrictions page.
NYSE American receives accelerated SEC approval to amend Section 1003 of its company guide for prediction contracts — The SEC granted accelerated approval for NYSE American's proposed rule change, as modified by Amendment No. 4, to amend Section 1003 of the NYSE American Company Guide. This regulatory step allows the exchange to proceed with listing rules that could accommodate prediction-related products, marking a formal green light from the federal regulator.
Polymarket US launches Combos feature in app ahead of NFL season — Polymarket's regulated U.S. exchange has launched its Combos feature in the app, with a Build a Combo button letting users combine sports contracts across MLB, NFL, tennis, table tennis, UFC, soccer, esports, WNBA, college football, baseball, cricket and darts into a single trade. The feature, which was previously available only to explicitly enabled API users, is now prominently displayed in the app and supports different market types including winners, spreads and totals. The launch comes as Polymarket's beta parlay trades have reached $7.4 million across 16,173 trades, while competitor Kalshi has generated $25 million in parlay taker fees in the first 16 days of August.
Hyperliquid draws attention as Stan Druckenmiller reveals a $23 million PURR bet — Stan Druckenmiller disclosed a $23 million position in PURR, a token on the Hyperliquid platform, signaling notable interest from a major traditional investor in crypto-native prediction and trading venues. The move highlights Hyperliquid's growing traction as it competes with Polymarket for market share in the prediction market space.
Alpaca registers as futures commission merchant to bring prediction markets to broker platforms — Alpaca Derivatives LLC has registered as a futures commission merchant with the CFTC and become an NFA member, enabling the company to offer event contracts to its brokerage partners. The move lets existing Alpaca clients add prediction-market products without building a separate regulated technology stack, with Chief Brokerage Officer Tony Lee describing it as a one-stop platform for financial companies.
Polymarket and Kalshi face election officials preparing for prediction markets to disrupt the midterms — Election officials in Delaware County, Pennsylvania, have amended poll worker oaths to include an affirmation that workers have no direct or indirect interests in any bets, wagers, or prediction markets, with some 2,500 people signing ahead of November's midterms. Officials in Los Angeles County and Wisconsin also express concerns, citing the Wisconsin gubernatorial primary where both Kalshi and Polymarket showed progressive candidate Francesca Hong as the likely winner until results came in, and fears that markets could fuel aggression against poll workers.
Polymarket refers dozens of suspected military insider trading cases to DOJ — Polymarket has referred data on dozens of accounts to the U.S. Justice Department over suspected insider betting on war events, a source tells CNN. The referrals were made before watchdog group Anti-Corruption Data Collective published its findings this week, which identified 152 wallets wagering $2 million and winning $8 million on nonpublic U.S. military information. The watchdog's report divides Polymarket users into four groups, whales, bots, small fish, and orcas, with whales spreading resources across the platform to dominate markets.
Polymarket launches a predictions market for Pokémon cards — Polymarket has launched a predictions market for Pokémon cards, expanding its event contracts beyond politics and macro into collectibles. The market lets users trade on outcomes related to Pokémon card values or releases, though specific contract details are not yet available.
Flutter targets another $500 million in cost and capex savings by 2029 as its prediction-market business could generate $50 million in 2026 — Flutter Entertainment launched phase two of its cost transformation program, targeting $500 million in gross operating-cost and capital-expenditure savings by 2029, building on phase one that is running ahead of expectations. The company expects its prediction-market operations, including FanDuel Predicts and a scaling market-making capability, to generate about $50 million in market-making revenue in 2026. Flutter has shifted FanDuel Predicts sports and novelty contracts to Crypto.com while continuing to offer CME financial markets, and sees prediction markets as incremental to its sportsbook and iGaming business with limited cannibalization so far.
OKX extends settlement windows for short-term event contracts to reduce flash swing impact — OKX will lengthen settlement windows for its 5-minute and 15-minute Up/Down event contracts starting August 17, 2026. The 5-minute contracts move from a 5-second window (5 data points) to 30 seconds (30 data points), while 15-minute contracts expand from 15 seconds to a full minute. Settlement prices remain the arithmetic average of second-level index candle closing prices, and fees, P&L calculations, and open positions are unaffected.
Smarkets files for CFTC license and sportsbook applications in three US states — Smarkets, a UK-based betting exchange with over $60 billion in lifetime trading volume and more than $1.2 billion collected this year, filed for a CFTC license in March. The Susquehanna-backed platform also has pending sportsbook applications in Illinois, Iowa, and Michigan. Founder Jason Trost says the dual-track approach stems from legal uncertainty over whether the CFTC has federal preemption over state gambling laws, as states and the agency clash over jurisdiction.
IRS warns Americans to use only state-licensed sportsbooks as prediction market legal fight grows — The IRS timed its advisory to the start of football season, flagging risks of unlicensed and crypto-based betting operations without directly settling whether Kalshi-style prediction markets count as gambling. IRS Criminal Investigation Chief Jarod Koopman linked illegal gambling to money laundering and tax crimes, while crypto platforms that bypass Know Your Customer checks draw scrutiny. State attorneys general, including New York's Letitia James, call prediction markets illegal gambling, but the CFTC insists it has exclusive federal jurisdiction over these products.
Baumgartner bill would ban betting on wildfires on Polymarket and Kalshi — A bill introduced by Baumgartner would prohibit betting on wildfires on prediction markets like Polymarket and Kalshi. The legislation targets event contracts tied to natural disasters, aiming to prevent speculative trading on catastrophic events.
Polymarket seeks $1 billion raise as NYSE owner signals interest in funding round — Polymarket is seeking to raise more than $1 billion at a valuation of about $20 billion, more than double the roughly $8 billion valuation from its 2025 fundraising round, and has reported more than $1 billion in annualized revenue. The owner of the New York Stock Exchange has indicated it will examine the upcoming funding round, signaling potential interest from a major traditional financial institution, though no specific terms or valuation have been disclosed. JPMorgan Chase ended its banking relationship with the platform in October 2025 over regulatory concerns but maintains other ties, including inviting CEO Shayne Coplan to speak at three bank events and offering wealth-management clients the chance to participate in Polymarket's Series E round in April, which valued the company at $14.5 billion.
Polymarket account tied to Farage aide Cottrell placed bets on Trump victory — A secret Polymarket account linked to Nick Cottrell, an aide to Nigel Farage, placed bets on a Trump victory. The account's activity raises questions about the use of prediction markets by political insiders and the potential for information asymmetry. Polymarket has not publicly commented on the account's specifics.
Cantor Fitzgerald launches institutional prediction market trading on Kalshi — Cantor Fitzgerald & Co. has launched institutional trading for prediction markets, giving clients access to block trading in event contracts on Kalshi. The investment bank will act as an introducing broker, arranging and facilitating institutional-size trades outside Kalshi's central order book, and will work with Susquehanna Predictions to provide institutional-scale pricing and liquidity. The launch marks the first major Wall Street move into prediction markets, which have previously been dominated by retail customers.
Kalshi suspends all sports mention markets as CFTC opens manipulation probe — Kalshi has suspended all sports-related mention markets indefinitely after the Commodity Futures Trading Commission launched an inquiry into whether these word-based contracts are vulnerable to manipulation, with sports wagers making up more than 80% of weekly trading volume on the platform. The probe follows a case where President Trump's teleprompter operator allegedly used advance speech access to profit from word bets, with over $90,000 in potential profits frozen, while a past Fox sportscaster error misidentifying Matt Damon as Brad Pitt caused a Kalshi market to settle incorrectly, costing traders $287,866. Kalshi continues to offer contracts based on statements made at political events, during corporate earnings calls, and on live television newscasts.
JPMorgan keeps Polymarket IPO door open after debanking — JPMorgan terminated Polymarket's deposit account in October 2025 over regulatory concerns, then sent the prediction market's CEO a speaking invitation and began competing for a share of its future IPO fees, according to reporting confirmed by multiple outlets. The bank's commercial banking division cited regulatory concerns for the account closure, while Polymarket has since moved its primary banking to an undisclosed lender, and the separation was not clean despite the bank's continued cultivation of the relationship. The decision came at a sensitive moment for Polymarket, which was prohibited from serving U.S. customers following a 2022 CFTC enforcement action, though the regulator allowed it to return to the U.S. market last year while an investigation remains ongoing.
Aristotle sues Underdog in Delaware over IG Group takeover terms — Aristotle International and its subsidiary Aristotle Exchange Holding Company filed suit in the Delaware Court of Chancery against Underdog, claiming fraud, scheme, and conspiracy over the terms of Underdog's $1.3 billion acquisition by IG Group. Aristotle, which received Underdog equity in the March deal for its exchange and clearinghouse, seeks a better return than the takeover provides. Underdog CEO Jeremy Levine said Aristotle is trying to extract more money and hold up the deal, which remains pending regulatory approval.
Kalshi accuses Nevada regulators of vindictive waste as fines mount — Kalshi general counsel Rick Heaslip says Nevada's investigators broke federal law by using false information to hunt for loopholes in the platform's geofence, calling the state's push for $120,000 daily fines a vindictive waste of taxpayer dollars at the bidding of casinos. Kalshi attorney Andrew Porter notes the platform hired geolocation vendor GeoComply at regulators' request and met its Aug. 12 deadline, while the state claims Kalshi accepted dozens of bets in violation of a court order since May.
Polymarket acquires Turf's sports prediction team — Polymarket brings on the sports prediction team from Turf, a move that bolsters its capabilities in sports-focused event contracts. The acquihire signals Polymarket's intent to deepen its presence in sports prediction markets, likely expanding its product offerings beyond politics and current events.
Fliff and Onyx Odds apply for FCM registration to enter prediction markets — Fliff FCM LLC and Onyx Markets LLC filed on Aug. 12 for Futures Commission Merchant status, NFA membership and swap-firm registration, with applications pending. The filings follow Fliff restricting offerings in 20 states and align with similar moves by Novig, ProphetX, Betr and MyPrize. Onyx completed a $20 million Series A round at a $220 million valuation backed by Payward, while FCM status would allow intermediary access but not exchange operation.
Underdog hires a former Kalshi executive as prediction markets compete for talent — Underdog, a daily fantasy sports operator expanding into prediction markets, has hired Noah Zingler-Sternig, an early Kalshi employee, to bring institutional knowledge of regulation and market structure. Polymarket also added personnel this week, though details were not disclosed. The moves reflect a broader talent war as platforms race to build sports-adjacent products in a legally gray area.
Baltimore sues Kalshi and Polymarket over Ravens preseason game contracts — Mayor Brandon Scott and the city council file separate lawsuits against Kalshi and Polymarket in the Circuit Court for Baltimore City, alleging the platforms violate the city's Consumer Protection Ordinance by offering unlicensed sports betting on game winners, point spreads, point totals and player propositions. Scott says the companies are running sportsbooks without licenses and betting that a new label will put them above the law, while the city seeks a court order blocking sales to Baltimore residents plus penalties and restitution.
Kalshi seeks Second Circuit injunction citing CFTC emergency order it helped trigger — Kalshi has asked the Second Circuit Court of Appeals for an injunction pending appeal, citing the CFTC's market emergency declaration issued Tuesday as grounds for the request. The filing reveals extraordinary coordination between Kalshi and the regulator, which has acted as its legal ally, and comes as the CFTC operates with a single sitting commissioner amid the federal-state battle over prediction markets. The August 11 emergency order, only the seventh in CFTC history, came after New York filed a $36 billion lawsuit calling prediction contracts illegal gambling, and the clash could redraw federal-state boundaries for crypto-adjacent markets.
White House excludes prediction market firms from August 19 crypto event — The White House has not invited prediction market companies to its August 19 technology event with crypto executives, according to a White House official cited by Politico, contradicting earlier reports that Kalshi and other prediction market firms would attend. A Kalshi spokesperson said the White House decided to focus the event solely on crypto, with President Donald Trump hosting tech leaders to strengthen America's innovative and technological dominance. The event will include executives from Ripple, Coinbase, Andreessen Horowitz, Chainlink, and Paradigm, with the exclusion coming amid increased regulatory scrutiny of prediction markets following their prominence during the 2024 U.S. presidential election.
Vinfotech launches a white-label prediction market platform for iGaming operators — Vinfotech is rolling out a white-label prediction market platform aimed at iGaming operators, allowing them to offer prediction markets under their own brand. The move signals growing interest from the iGaming sector in adding event contracts to their product mix.
Apex Fintech Solutions launches API platform for Kalshi prediction markets — Apex Fintech Solutions launches API technology that lets financial services firms offer Kalshi-powered prediction markets directly through their own platforms, with tastytrade as the first live customer. The turnkey infrastructure handles FCM operations, clearing, custody, and account administration, reducing development timelines from months to weeks and allowing event contracts to appear alongside traditional securities in existing portfolios. Tastytrade, owned by IG Group, now offers CFTC-regulated event contracts across commodities, crypto, economic data and financial markets, and the launch follows IG's agreement to acquire Underdog for up to about $1.3 billion.
DraftKings files CFTC self-certifications for nine football event contracts on DKeX — Railbird Exchange, operating as DKeX, submitted self-certification filings with the CFTC on August 10 covering nine football-related contract categories, including game winners, point spreads, totals, player statistics, and season awards. The contracts are expected to certify on August 12, following the COMBOS filing that enables users to combine multiple event contracts into single positions. Annualized prediction market volume grew from $2.3 billion in April to $11 billion in July, with over 600,000 customers using the product, and CEO Jason Robins said the NFL season could attract millions more.
San Diego County pushes to ban prediction markets like Kalshi from politics — San Diego County is moving to restrict or ban political prediction markets such as Kalshi, citing concerns about their role in elections. The push reflects growing local government scrutiny of event contracts tied to political outcomes.
CFTC reviews Kalshi mention markets after alerting platform weeks ago — The Commodity Futures Trading Commission is conducting an internal review of mention markets offered by prediction platforms, which allow traders to speculate on whether particular words will be used in speeches, earnings calls or broadcasts. People familiar with the matter said the regulator first alerted Kalshi several weeks ago, and Kalshi removed sports-related mention markets around the time it was notified. This adds a new enforcement dimension to the CFTC's broader scrutiny of prediction market incentive filings, which it flagged as deficient earlier this month.
Kalshi faces NCAA flagging of two Mississippi State football players for sports trades — The NCAA has flagged two Mississippi State football players for placing trades on Kalshi, the prediction market platform. The two unnamed players traded Kalshi contracts on the Super Bowl and NBA All-Star Game, spending around $70 total, and faced Level III infractions that do not result in suspension or loss of eligibility. The NCAA prohibits players and staff from wagering on any sports, including through prediction market operators, and the specific contracts and player identities have not been disclosed.
Novig loses bid to halt New York action over prediction market — A New York court denied Novig's request to halt state action against its prediction market operations. The ruling allows New York regulators to proceed with their enforcement efforts, which target Novig's event contracts as potentially violating state gambling laws. Novig had argued that its platform should be treated as a regulated financial product rather than a betting operation.