Prediction market open interest climbed to a record $1.48 billion in the week ended June 15, marking a second consecutive weekly high and underscoring rapid growth in the sector as sports-related contracts fueled trading activity.
Weekly trading volume also reached $10.8 billion, another all-time high for the industry. According to a16z crypto, open interest, which measures the value of outstanding...
Global prediction market platform ADI Predictstreet and sportsbook technology provider FIRST.bet have partnered to expand regulated prediction markets across Latin America.
The Inter-Tribal Council of the Five Civilized Tribes (ITC) has adopted a resolution calling on Congress and federal regulators to protect tribal sovereignty from prediction markets such as Kalshi and Polymarket.
The New York Lottery unveiled yet another scratch-off winner, this time from Cheektowaga.
The Commodity Futures Trading Commission (CFTC) is investigating after Kalshi personnel admitted that President Donald Trump’s teleprompter operator won around $100,000 trading on Kalshi on what Trump’s speeches would include.
