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Prediction Market Showdown: CFTC and DOJ Challenge Illinois State Gambling Authority in Federal Court

The U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ) filed a federal lawsuit against Illinois on April 2, 2026, seeking to permanently block the state from…

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Trump Impeachment Odds Rise to 70% on Polymarket Amid Falling Approval and Iran War Concerns

According to polls conducted in the mid-to-late stretch of March 2026, U.S. President Donald Trump’s approval ratings have edged lower, weighed by the Iran conflict and ongoing economic concerns. At…

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US Troops in Region Top 50,000 as Polymarket Gives 71% Odds Forces Enter Iran by April 30

The Pentagon is moving tens of thousands of troops into the Middle East and drawing up contingency plans for limited ground raids inside Iran, but no U.S. forces have entered…

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Kalshi Approved for Margin Trading After Affiliate Kinetic Markets Gets FCM Registration

Kalshi gained regulatory approval to offer margin trading after its affiliate Kinetic Markets LLC was registered as a futures commission merchant with the National Futures Association on March 24, 2026.…

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California Governor Bars Policymakers From Insider Betting on Prediction Markets

California Gov. Gavin Newsom signed an executive order Friday barring gubernatorial appointees from using insider information to place bets on prediction markets such as Polymarket and Kalshi. California Bans Gubernatorial…

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Markets Flip Script as Fed Hike Odds Overtake Cuts for First Time in 2026 Cycle

Markets have sharply repriced Federal Reserve expectations, with near-term rate hike probabilities now edging out cuts for the first time since the easing cycle began. Rate Expectations Shift Sharply as…

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Kalshi Hits $22 Billion Valuation as $1 Billion Capital Injection Defies Regulatory Heat

Kalshi has raised over $1 billion, increasing its valuation to $22 billion in just three months, signaling strong investor confidence despite regulatory challenges. Hyper-Growth in the ‘ Oracle Economy’ The…

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