Coinbase Q3 revenue fell 35% to $1.22 billion, while net income rose to $719 million and prediction markets topped $200 million in annualized revenue.

The SEC is monitoring prediction markets for insider trading and fraud, with corporate earnings contracts raising new questions over federal oversight.

Utah files 14 criminal charges against Kalshi and its founders over alleged illegal sports gambling as the CFTC challenges state enforcement powers.

The Commodity Futures Trading Commission and the U.S. government have sued Utah over its enforcement against prediction markets, bringing the agency’s state jurisdiction challenges to 10. The CFTC’s Oct. 27 announcement said the lawsuit seeks to stop Utah from using…

Predict.fun has pledged to fully reimburse affected users after confirming unauthorized wallet transfers totaling approximately 400,000 USDT and identifying a possible compromise of its third-party API documentation site. Predict.fun said in an Oct. 27 statement that its preliminary investigation pointed…

At least 19 wallets linked to prediction market platform Predict.fun have reportedly been drained of approximately 105 ETH, worth $260,000, with investigators tracing the suspected stolen funds through Ethereum to cryptocurrency mixer Tornado Cash. On-chain investigator Naeven reported the suspected…

The NBA has named Kalshi and Polymarket its two preferred prediction-market exchanges, giving both platforms access to official league data and U.S. marketing rights as Kalshi faces a Utah lawsuit seeking up to $61.2 million in allegedly unlawful fees. The…

CFTC Chairman Michael Selig has said the agency is monitoring prediction markets for possible manipulation ahead of the 2026 U.S. midterm elections, according to reporting on his latest television interview. Bloomberg’s Oct. 23 interview with Selig covered election-market surveillance alongside…

Phantom has opened access to Kalshi prediction markets for eligible US users through its mobile wallet, with its help center listing a combined trading fee of $0.02 per contract. Phantom’s US trading guide says customers can enter event markets through…

A group representing major US commodity exchanges has urged the Commodity Futures Trading Commission to reject Kalshi’s proposed oil perpetual futures contract over concerns about market integrity. According to Bloomberg, the Commodity Markets Council (CMC), whose members include CME Group…