Global crypto-based prediction market headquartered in Manhattan
A wave of court rulings on prediction markets, led by Kalshi, has put federal and state regulators at odds. The Ninth Circuit has ruled Nevada may apply its gaming laws to Kalshi’s sports-event contracts, a decision echoed by other circuits as litigation intensifies. The Supreme Court is likely to weigh in as cases diverge.
Bill Simmons’s disclosure that a proxy bet was placed for him in Massachusetts has sparked scrutiny of online sports betting rules. Regulators are reviewing the practice, and FanDuel has voided the bets and reported the matter. The case highlights how location and account rules shape betting activity.
LeBron James has teased a collaboration with Polymarket, with a 14-second video showing the NBA star at Polymarket HQ. CNBC reports the partnership focuses on football, with more details expected next week. The deal marks James’ latest step into prediction markets, joining a cadre of athletes and leagues expanding in this space.
The U.S. is escalating pressure over Iran’s nuclear program amid ongoing Gulf tensions. Officials have signaled that military actions may degrade Iran’s capabilities if diplomacy fails, while combat in the region continues and energy markets respond to the disruption of supplies.
Anthropic researcher Jacob Coxon has resigned and warned that Anthropic and OpenAI are "racing straight to self‑improving superintelligence" and "gambling with our lives," saying builders privately believe AI could kill humanity within the decade. Current and former employees, including Evan Hubinger, have publicly echoed similar existential concerns, prompting fresh calls in Washington for limits and oversight.
Prediction markets tied to elections and sports have surged, with record volumes and new entrants. Regulators warn of manipulation risks as platforms expand amid ongoing court battles over their legality.
A beekeeper has rehabilitated a bumblebee that survived extreme conditions, highlighting resilience and the power of care. The story follows Phoebee’s journey from roadside injury to a viral moment that grounded readers in authentic small acts of kindness.
Sydney Sweeney’s latest campaign for a sports-predicting site has sparked outrage over the objectification of women in sports marketing. Critics say the ads monetize the female body, while supporters argue the star’s branding boosts engagement and dollars for the rapidly growing prediction market sector.
Sen. John Curtis has asked the Republican-led Senate Judiciary Committee to subpoena Donald Trump Jr. over his business ties, foreign gifts and a Russian oligarch-funded wedding party. Curtis has demanded the same scrutiny for Hunter Biden and cited reporting that Umar Kremlev paid substantial costs for Trump Jr.'s Bahamas celebrations in May.
New York State has filed a lawsuit against Polymarket, alleging the platform operates illegal gambling without a license and targets underage users. The suit seeks penalties, restitution, and an order to halt unlicensed operations, following similar actions against Kalshi and other platforms. Polymarket defends its business, saying it engages with regulators and aims to protect consumers.
The Sixth U.S. Circuit Court of Appeals has ruled that Ohio and Tennessee can regulate Kalshi's sports-event contracts under state gambling laws. The court found Kalshi’s contracts do not meet the statutory definition of “swap” and rejected the argument that federal law preempts state gambling rules. The decision adds to a circuit split on the issue and follows recent rulings in other circuits.
Prediction markets expect a strong September jobs figure, with around six-figure gains possible and a 60% chance of more than 90,000 payrolls. August’s rebound supports a higher bar, while the Fed weighs inflation in its policy path. Official data from the Bureau of Labor Statistics will set the verdict Friday at 8:30 a.m. ET.
The NFL is urging the Supreme Court to allow states to regulate sports-prediction markets, arguing these contracts are gambling rather than financial swaps. The league cites $1.8 billion in first-weekend activity and calls for safeguards including a 21-year age minimum for bettors, while defending the CFTC’s federal oversight and highlighting integrity concerns.
The Pentagon has issued a memo barring all Defense Department personnel from using nonpublic information to place bets on prediction markets. The move follows cases where service members and contractors faced charges related to bets tied to operations, including Maduro’s ouster. Authorities warn that such trading can warp judgment and jeopardize operational security.
The NBA has expanded its partnerships to include Kalshi and Polymarket for official prediction markets, while maintaining safeguards on market types and integrity. A memorandum with the CFTC underpins the framework, with additional restrictions on league personnel trading and on certain event contracts.
The Commodity Futures Trading Commission has opened a renewed inquiry into Polymarket’s past safeguards to block U.S. users, focusing on location-detection and U.S. advertising. The probe is part of broader CFTC actions and follows previous settlements and later developments in the company’s US platform and marketing practices.
The preview indicates unusual betting activity on Netanyahu and Likud around Israel’s elections; new accounts placed large bets just before polls closed. Polymarket has launched an investigation into suspicious wagers as markets track outcomes amid ongoing coalition talks.
Binance has disclosed a security breach that has affected an estimated $6.3 billion in client assets, suspended withdrawals and worked with stablecoin issuers to freeze roughly $2.5–3 billion on-chain. The FBI and US law enforcement partners are tracing stolen funds, which investigators say have been converted mainly into ether and routed through DeFi and instant-swap services.
Binance has reported an estimated $6.3 billion breach of its wallets and has frozen about $3 billion of affected assets. The company has said it will cover customer losses, has resumed phased withdrawals for major tokens, and is working with law enforcement and blockchain firms while investigators and analysts link the attack to North Korea’s TraderTraitor unit.
Binance has replenished the majority of stolen assets from a historic cyberattack. The company will cover the remaining losses with a combination of internal funds and insurance. Authorities are tracing funds as withdrawals resume in phases to restore user access.
Prediction markets for Kalshi and Polymarket have attracted attention for accuracy ahead of and during midterm elections, with mixed performance compared with traditional forecasts. They projected outcomes and saw record volumes, but some analyses show they are not a substitute for polling.