PredictionMarkets Trending News

2026-08-28 07:40:09

Fake Poll Hoax Raises Prediction Market Manipulation Fears

Fake election polls raised fears of prediction market manipulation ahead of midterms, though creator Rahil Prakash denied betting. Experts warn Kalshi and Polymarket remain vulnerable to misinformation, with regulators urged to enforce rules protecting democracy. read more

2026-08-14 11:40:03

Federal Regulators Probe Mention Markets, USS Lincoln Conditions

Federal regulators probe "mention markets" on prediction sites like Kalshi. Lawmakers seek investigation into poor conditions on USS Lincoln, including food shortages and low morale. Ukraine intensifies drone strikes on Crimea, disrupting daily life. read more

2026-08-14 02:40:04

Feds probe mention markets after White House betting scandal

Federal regulators probe Kalshi's "mention markets," where bettors wager on speakers' words, prompting removal of sports options. CFTC examines manipulation risks after a teleprompter operator profited from Trump bets. Kalshi and Polymarket face scrutiny over controversial prediction markets. read more

2026-08-07 10:40:06

Prediction Markets Criticized for Clinical Trial Bets

Kalshi and Polymarket now allow betting on clinical trial outcomes, drawing criticism from researchers and patients' families who warn of insider trading, tampering risks, and ethical harm. Critics call profiting from trial failures "ghastly," while platforms defend the practice as informative. read more

2026-07-31 17:50:03

New York sues Kalshi over alleged illegal gambling

New York sued Kalshi, alleging an "illegal gambling operation," seeking $36 billion in penalties. Attorney General James claims the prediction market enables underage betting and addiction. Kalshi insists it's federally regulated commodities trading, calling the lawsuit "political theater." read more

2026-07-31 14:10:09

New York Sues Kalshi Over Illegal Gambling Operation

New York sued Kalshi, labeling it an illegal gambling operation, joining states fighting federal oversight of prediction markets. Officials demand forfeited profits and fines, while Kalshi argues federal licensing shields it from state regulation. Legal battles intensify nationwide. read more

2026-07-22 22:00:06

Kalshi launches midterm hub amid corruption concerns

Kalshi launched a midterm elections hub for political betting, claiming real-time crowd wisdom beats polls. Traders spent nearly $200 million on 2026 races, but concerns grow over insider trading and corruption after staffers bet on Trump speeches. read more

2026-07-17 09:40:09

Kalshi World Cup surge sparks sportsbook versus financial app debate

Kalshi denies being a sportsbook despite $25 billion in World Cup bets, arguing it’s a federally regulated financial product. Critics call it a tax-evading loophole, as states and sportsbooks challenge its legality in over 20 lawsuits. read more

2026-07-16 17:40:42

White House staffer bet $90,000 on Trump speeches

Federal regulators are investigating Trump's teleprompter operator for allegedly making nearly $100,000 on Kalshi prediction markets using insider access to the president's remarks. He faces settlement talks with the CFTC over potential insider trading charges. read more

2026-07-09 10:40:08

Prediction market fails to stop staffer betting

Campaign staffers still attempt insider betting on prediction markets despite scrutiny. Kalshi blocks trades using FEC data, but gaps remain. Polymarket refers cases to law enforcement. Self-regulation persists amid congressional inaction, with House investigating both platforms for insider trading enforcement. read more

2026-06-30 22:40:11

Meta Explored Buying Kalshi Before Building Arena

Before Meta CEO Mark Zuckerberg pursued building prediction app Arena, he proposed buying Kalshi. Talks with CEO Tarek Mansour broke down over legal concerns. Meta's app will use play money, not real bets, powered by AI. read more

2026-06-24 19:40:10

Meta plans AI prediction market app Arena

Meta plans to launch Arena, a prediction market app using AI to generate questions and resolve bets with play money. Competing with Kalshi and Polymarket, it aims for a $1 trillion industry, rebuilding a previous app with automated curation. read more

2026-06-10 19:20:08

CFTC proposes ban on sports prediction market trades

The CFTC proposes banning prediction markets on sports injuries, officiating, and in-game props, deeming them contrary to public interest. Most outcome-based sports contracts remain allowed, citing economic utility. Public comments will be accepted for 45 days before implementation. read more

2026-06-09 02:10:03

Prediction markets crack down on paid influencer misinformation

Kalshi and Polymarket crack down on paid influencers spreading election fraud claims on X after Los Angeles mayoral race. Influencers shared changing betting odds to suggest cheating, but companies removed posts after NPR inquiry. read more

2026-06-03 23:40:05

Polymarket Cuts Ties with Santos Amid Insider Trading Probe

Polymarket ends its contract with George Santos as federal regulators probe if he illegally bet against his own State of the Union attendance on Kalshi. The suspicious trades were referred to the CFTC for possible insider trading. read more

2026-06-02 21:30:41

DOJ probes George Santos for prediction market insider trading

DOJ and CFTC investigate ex-Rep. George Santos for allegedly betting against his own State of the Union attendance on Kalshi, misleading the public for profit. Kalshi froze his account and referred the case, as Santos denies knowledge of the probe. read more

2026-05-21 06:30:08

Senate Panel Grills Sportsbooks on Cheating Scandals

Senate lawmakers questioned sportsbook and prediction market officials on cheating scandals, marketing tactics, and regulation. Concerns included game integrity, youth exposure to gambling ads, and state sovereignty. Predictions markets argue they differ from gambling, while advocates push for stricter oversight. read more

2026-05-19 18:30:08

Minnesota bans prediction markets, Trump sues

Minnesota becomes first state to ban prediction markets, criminalizing sites like Kalshi and Polymarket. The Trump administration sues, sparking a legal battle over state versus federal regulation. The law takes effect in August. read more

2026-05-19 10:10:43

House delays prediction market ban amid insider trading fears

The House resists banning prediction market bets despite bipartisan calls, citing insider trading risks. Members and staff can still profit using insider knowledge, unlike the Senate. Speaker Johnson favors a ban but seeks consensus. read more

2026-05-07 09:40:07

Campaign Staffers Bet Thousands on Inside Polling Data

Campaign staffers reveal betting thousands on prediction markets using non-public polling data. Experts warn this may constitute insider trading under CFTC rules. Regulators struggle to oversee these emerging markets amid rapid growth and legal uncertainties. read more

2026-05-04 18:40:03

Prediction market boom leaves casual traders broke

Prediction markets like Polymarket and Kalshi surge in popularity, but only 0.1% of users earn 67% of profits. Casual traders often lose, while pros dominate with data streams. Critics warn of insider trading and "sucker bets," urging greater regulation. read more

2026-04-30 23:40:06

NBA urges CFTC to tighten prediction market rules

NBA asked the CFTC to tighten restrictions on prediction markets to protect sports integrity, citing manipulation risks from players, officials, and fans. The league seeks bans for under-21 trading and increased data cooperation. read more

2026-04-30 13:40:09

Prediction markets skip Kentucky Derby over legal fears

Prediction markets Kalshi and Polymarket are skipping the 2026 Kentucky Derby due to legal risks under the Interstate Horseracing Act, which grants racetracks control over wagering. Churchill Downs requested removal, fearing disruption to horse racing's financial ecosystem. read more

2026-04-28 18:40:08

Special Forces Soldier Pleads Not Guilty in Maduro Betting Case

A US special forces soldier pleaded not guilty to using classified intel on a Maduro capture mission to win over $400,000 on Polymarket, amid rising scrutiny of prediction markets and insider trading concerns. read more

2026-04-19 16:30:13

Trader Profits $300K on Biden Pardon Bets

An anonymous trader earned over $300,000 on Polymarket by correctly betting on President Biden's last-minute pardons. Analysis suggests potential insider information, as the bets were perfectly timed before the official announcements. read more

2026-04-17 12:00:19

Washington Cracks Down on Prediction Markets

Washington is increasing scrutiny of prediction markets like Polymarket and Kalshi following controversial bets on geopolitical events. Bipartisan lawmakers are pushing for regulations to prevent insider trading and protect market integrity, with several bills proposed to restrict federal employees. read more

2026-04-10 17:20:04

Blumenthal Targets Sports Leagues Over Gambling Ties

A U.S. senator contacted six major sports leagues, expressing alarm over gambling's pervasive influence and partnerships with prediction markets. He seeks details on safeguards for integrity and addiction, citing risks to athletes and the corruption of games. read more

2026-04-09 22:20:05

Prediction Markets Spark Insider Trading Probes

Congress demands investigations into Polymarket after anonymous accounts made well-timed bets on a US-Iran ceasefire just minutes before Trump's announcement. This follows similar suspicious geopolitical wagers, raising serious insider trading concerns. read more

2026-04-09 22:00:09

Prediction Markets Face Scrutiny Over Iran Conflict Bets

Prediction markets allow wagering on events from sports to politics. Recent bets on the Iran war ceasefire raised insider trading concerns. Platforms face regulatory scrutiny as they expand, with debates over oversight and gambling risks. read more

2026-04-09 09:10:10

Suspicious Bets on Iran Ceasefire Spark Insider Trading Fears

New Polymarket accounts made huge profits from well-timed bets on a US-Iran ceasefire, despite no public signs of a deal. The trades, placed just before Trump's announcement, have raised insider trading concerns and calls for market regulation. read more

2026-04-08 23:50:04

Suspicious Bets Preceded US-Iran Ceasefire

New Polymarket accounts placed large, well-timed bets on a US-Iran ceasefire just before Trump's announcement, yielding hundreds of thousands in profits. This mirrors past incidents, raising insider trading concerns in prediction markets. read more

2026-04-04 21:40:08

Prediction Market Halts Pilot Fate Bet After Outcry

Polymarket removed a bet on missing U.S. pilots shot down over Iran after a congressman condemned it as a "dystopian death market." The prediction market is under scrutiny for allowing wagers on sensitive events like military operations. read more

2026-03-26 00:00:37

Prediction Market Bar Fumbles Debut Amid Insider Trading Scrutiny

Polymarket's Washington D.C. pop-up bar for in-person event betting suffered a busted opening night. Electrical issues disrupted Wi-Fi and promised news feeds. The event highlighted broader controversies around prediction markets, including recent insider trading allegations. read more

2026-03-25 20:50:05

Prediction Markets Woo Young Women Via Influencers

Prediction markets like Kalshi and Polymarket are using social media influencers to target younger women, expanding beyond sports betting. This strategy has doubled female user engagement but faces criticism for potentially promoting gambling addiction under the guise of financial trading. read more

2026-03-25 14:50:13

Prediction Markets Woo Young Women Via Influencers

Prediction markets like Kalshi are targeting younger women via social media influencers, doubling female users to 26%. Critics warn of addiction risks, while supporters see empowerment. The industry faces legal battles but continues to grow rapidly. read more

2026-03-23 22:40:09

Prediction Markets Ban Insiders as Senators Target Industry

Prediction markets Kalshi and Polymarket are implementing new insider trading bans as Senators Schiff and Curtis propose legislation to restrict sports-related contracts, threatening the industry's core business. read more

2026-03-23 20:40:09

Senate Bill Targets Sports Betting on Prediction Markets

A bipartisan Senate bill seeks to ban sports betting on prediction markets, arguing it's gambling for states to regulate. Companies like Kalshi, facing state legal challenges, contend they trade commodities under federal oversight. The regulatory clash continues as the industry grows. read more

2026-03-23 15:40:05

Senators Move to Ban Sports Betting on Prediction Markets

Bipartisan senators propose a bill to ban sports betting on prediction sites like Polymarket and Kalshi. They argue it violates state protections and tribal sovereignty while competing with regulated platforms. read more

2026-03-21 02:10:37

Trump Impeachment Odds Surge to Record High

Online betting odds for Trump's impeachment before his term ends have hit a record 69%, rising from 33% post-election. Markets like Kalshi and Polymarket show high probabilities, though their accuracy varies. read more