US bill bans Senate members from prediction market trading
The U.S. Senate unanimously passed a bill to ban members and staffers from trading on prediction markets, effective from April 30, 2026.The measure was initially...
Prediction markets
Minnesota approves prediction markets and sweepstakes bans
The Minnesota State Senate approved SF 4474 and SF 4511 on April 30 in an effort to ban sweepstakes casinos and prediction markets from being offered in the state.The...
Kalshi records highest weekly trading volume with $3.91B
Prediction market operator Kalshi reached an all-time high in weekly trading volume with $3.91 billion as of April 28, surpassing competitor Polymarket by around $2 billion.
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Brazil adds restrictions on prediction markets
The government of Brazil has announced that prediction market contracts connected to sports, politics, and entertainment will be banned effective May 4, 2026.The...
Polymarket to get $15B valuation with $400M funding
Polymarket is in discussions to get $400 million in a new funding round, which would send the prediction markets’ valuation up to $15 billion, compared to the October 2025...
Kalshi adds AI selfie verification and parent access portal
Kalshi has revealed plans to add a new AI-powered verification system and a parental portal in an effort to restrict underage access.The development marks an important...
Democratic candidate offers 10% iGaming and predictions tax
Rahm Emanuel, the previous Mayor of Chicago and U.S. Ambassador to Japan, has introduced a proposal to add a 10% federal tax on iGaming and prediction markets, which is...
Kalshi sends cease-and-desist order to Elizabeth Booker
Kalshi has sent Democratic influencer Elizabeth Booker a cease-and-desist order after Booker posted a video criticizing prediction markets.Elizabeth Booker, who is better...
Robinhood removes some event contracts over insider trading
Robinhood has announced plans to restrict some forms of prediction markets, particularly mention markets, over concerns about insider trading and market manipulation.
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