Gemini Shares Surge 30% After-Hours on 42% Revenue Growth and First Prediction Market Metrics
Gemini shares jumped 30% after hours on 42% revenue growth and its first prediction market metrics since launching the product in December.
Prediction Markets
Kalshi Raises $1 Billion at $22 Billion Valuation as Legal Battles Mount Across Multiple States
Kalshi closes a $1B Series F at a $22B valuation, doubling its worth in five months, even as 19 federal lawsuits challenge its event...
Coinbase Posts Surprise Q1 Loss and Misses Revenue Estimates as Crypto Prices Fall
Coinbase posted a surprise Q1 loss and missed revenue estimates as crypto prices fell, while cutting 700 jobs and leaning on derivatives...
Roobet Launches Prediction Markets, Claiming First-Mover Status Among Major Crypto Casinos
Roobet launched integrated prediction markets on May 6, claiming to be the first major crypto casino to offer the format natively.
SEC Delays Over Two Dozen Prediction Market ETFs
SEC delayed prediction market ETF launches for more disclosure.
Gemini Wins CFTC Clearing License, Opening Door to Full-Stack Derivatives Platform
Gemini secured a CFTC clearing license, enabling in-house trade settlement and accelerating its push into derivatives and prediction...
CFTC Sues Wisconsin as Federal Fight Over Prediction Markets Jurisdiction Widens
The CFTC has sued Wisconsin in federal court, asserting exclusive authority over prediction markets after the state sued five platforms for...
Kalshi Suspends Political Candidates for Betting on Their Own Elections
Kalshi suspended three candidates for betting on their own races, calling it political insider trading, with fines issued under exchange...
Crypto.com Expands With CFTC Deal and UFC Sponsorship
Crypto.com expands in the U.S. with a CFTC-supervised prediction markets deal and UFC White House event sponsorship boosting visibility.
Court halts Arizona case against Kalshi
A federal judge temporarily blocked Arizona’s case against Kalshi, backing the CFTC's preemption argument.
P2P.me Bet on Fundraise Without Telling Investors
P2P.me faces backlash after betting on its own fundraise via Polymarket without investor knowledge, raising concerns over ethics and...
Polymarket Expands Fees and Tightens Trading Rules
Polymarket expands fees across all markets and tightens trading rules, aiming to boost revenue, curb manipulation, and meet growing...
Iran Wagers Trigger U.S. Scrutiny of Prediction Markets
Iran-related betting on prediction markets has triggered scrutiny from U.S. regulators and lawmakers, raising questions about the future of...