Flight tracking company FlightAware has filed a lawsuit against prediction market platform Kalshi, alleging unauthorized use of its flight data and brand in flight-cancellation betting markets. FlightAware is seeking court orders to halt Kalshi's use of its information.
Trump Media and Technology Group terminated its planned $1+ billion CRO treasury venture with Crypto.com and Yorkville Acquisition Corp, along with a related prediction market services agreement, citing updated corporate strategies.
The Commodity Futures Trading Commission issued guidance telling prediction market platforms under its oversight to stop displaying prices using American-style gambling odds (moneyline format), as the regulator seeks to distinguish regulated derivatives markets from sports betting operations amid legal challenges.
US District Judge Shalina Kumar denied Coinbase's preliminary injunction bid to block Michigan state enforcement against sports event contracts, calling the company's arguments 'applesauce' and citing Third Circuit precedent.
U.S. District Judge Shalina Kumar rejected Coinbase's preliminary injunction request to prevent Michigan from enforcing gambling laws against its sports event prediction contracts, dismissing the company's arguments as 'applesauce.' The ruling follows Coinbase's December 2025 lawsuit seeking to establish federal jurisdiction over prediction markets.
Coinbase reported a $359 million net loss for Q2 2026 on revenue of $1.22 billion, below the $1.29 billion consensus. This marks the company's third consecutive quarterly loss as crypto trading activity slowed, though prediction markets revenue doubled and trading market share hit a record 10.3%.
Binance.US CEO Stephen Gregory announced the exchange will apply for a CFTC Designated Contract Market license next month to launch prediction markets, joining competitors Gemini, Coinbase, Robinhood, Kalshi and Polymarket in the space.
Fanatics purchased BGC's Water Street Labs and CX Clearinghouse, gaining the ability to list and settle its own event contracts on a federally regulated platform. The deal positions Fanatics to compete directly with DraftKings and FanDuel in the rapidly growing prediction markets sector.
Polymarket announced it will legally challenge France's decision to block access to its website nationwide, arguing the regulator wrongly treated an information source as illegal gambling despite trading already being disabled since November 2024.
Researchers at Stanford University and Singapore Management University found that Polymarket's five-minute Bitcoin prediction markets create incentives for traders to manipulate spot prices around settlement times, with evidence suggesting coordinated price manipulation.
Polymarket's affiliated entity filed with the National Futures Association on July 3 to offer margin trading in the US, though activation still requires CFTC approval. The move would allow users to open positions with a fraction of capital required upfront.
Cboe Global Markets debuted binary option contracts on the Mini-S&P 500 Index through Interactive Brokers, offering retail traders a regulated prediction market product fully backed by OCC clearing and standard US options regulation.
Wall Street Journal investigation found Polymarket paid college-age creators to stage fake winning bets on copycat websites, with roughly $1.9 million in fabricated wagers shown across social media to fuel viral growth.
Investment firm Bernstein analysts forecast the 2026 FIFA World Cup, kicking off in North America, will generate between $5-10 billion in consumer sports betting and prediction market trading volume, calling it a 'watershed moment' for the prediction markets sector.
The Commodity Futures Trading Commission opened public comment on proposed rules for prediction markets that would prohibit contracts dependent on war, assassination, or the ouster of foreign leaders, while also banning certain sports prop bets.
Prediction market platform Kalshi announced it will require users to disclose their employers before trading certain contracts involving sensitive information, such as corporate earnings and product launches. The move addresses growing concerns about insider trading on the CFTC-regulated platform.
Chainlink has been integrated as the oracle infrastructure provider for multiple FIFA World Cup 2026 prediction market platforms, including ADI Predictstreet (official prediction market partner) and Myriad, to power real-time match outcome settlements and instant payouts.
Senator Elizabeth Warren demanded records from the CFTC regarding staff departures and oversight of prediction markets and crypto firms, calling the agency 'steamrolled,' as the House Ways and Means Committee separately weighs multiple crypto tax relief bills including provisions for stablecoins.
Bitget has announced two major initiatives in June 2026: a World Cup prediction market partnership with Polymarket through Bitget Wallet reaching 90 million users, and its annual Anti-Scam Month security campaign aimed at combating $442 billion in annual multi-asset fraud losses.
Polymarket's chief marketing officer Matthew Modabber reportedly used his personal PayPal account to send at least $350,000 to content creators including Nick Shirley and Riley Gaines who promoted the prediction market platform without disclosing the payments. The allegations emerge as the company faces separate regulatory scrutiny and cuts ties with George Santos.
Galaxy Digital has opened an over-the-counter prediction markets trading desk for institutional investors, executing its first trade—a $10 million bet with hedge fund Arca on the passage of the CLARITY Act, U.S. crypto legislation.
Prediction market platform Kalshi launched the first CFTC-regulated Bitcoin perpetual futures in the U.S. and applied for altcoin derivatives, while former congressman George Santos faces federal investigation for allegedly betting against his own attendance at a State of the Union address on the platform.
Prediction market platform Polymarket engaged blockchain analytics firm Chainalysis to monitor trading activity in real-time for insider trading and market manipulation as it seeks $15 billion valuation and CFTC approval for U.S. relaunch.
Crypto exchange Gemini obtained a DCO license from the CFTC, allowing it to act as an in-house clearinghouse for derivatives and prediction markets, positioning it to compete with Kalshi and Polymarket.
The U.S. Commodity Futures Trading Commission added New York to its string of lawsuits against states seeking to curtail prediction market activity, claiming federal jurisdiction over these markets versus state gaming regulation.
Brazil's Finance Ministry blocked 28 betting platforms including Polymarket and Kalshi, citing investor protection concerns and rising gambling addiction. Finance Minister Dario Durigan announced the sweeping ban affecting major prediction market operators.
Wisconsin Department of Justice filed lawsuit against five prediction market platforms, alleging their sports event contracts violate state gambling laws, citing platform language as evidence of gambling rather than investing.
Federal prosecutors arrested Master Sergeant Gannon Ken Van Dyke for allegedly using confidential military intelligence to place over $400,000 in bets on Polymarket regarding Venezuela operations, including the capture of Nicolás Maduro. The soldier allegedly participated in the raid himself and attempted to conceal his betting activity.
Prediction market platform Kalshi penalized three congressional candidates—Mark Moran, Matt Klein, and Ezekiel Enriquez—for wagering on their own campaigns. Minnesota State Senator Matt Klein admitted placing bets out of curiosity, while Moran claimed he wanted to test Kalshi's response to insider trading.
Coinbase removed New York Attorney General's prediction markets lawsuit from state to federal court, setting up a jurisdictional fight over CFTC authority versus state gambling laws. The move follows New York's lawsuit against Coinbase and Gemini over alleged illegal prediction market gambling.
Senator Bernie Moreno warned at a Washington event that the CLARITY Act must clear Congress by end of May or risk being shelved until 2030. His statement moved Polymarket odds of 2026 passage from 38% to 46%.
CFTC Chairman Michael Selig faced intense bipartisan questioning from House lawmakers over the agency's approach to prediction markets, sports betting contracts, and oversight of crypto derivatives platform Hyperliquid amid staffing concerns.
Following BIP-361's publication, Polymarket odds for "Will Satoshi Nakamoto move any Bitcoin in 2026?" climbed to 9.3%, up from 4.5% at the start of the year, drawing over $2.4 million in trading volume. Analysts noted the muted overall response suggests traders still view BIP-361 as a governance discussion rather than an imminent catalyst, but the doubling of odds signals growing market unease around Satoshi's estimated 1.1 million BTC.
