Prediction Market Volume Reaches Record $50.59B in July Led by Kalshi and Polymarket
Kalshi and Polymarket platforms recorded a combined $50.59B in July trading volume, driven by FIFA World Cup markets despite ongoing legal disputes.
Kalshi and Polymarket platforms recorded a combined $50.59B in July trading volume, driven by FIFA World Cup markets despite ongoing legal disputes.
A federal judge blocked Minnesota's prediction market ban, allowing Kalshi and Polymarket to continue operating while the lawsuit proceeds.
Judge Analisa Torres denied Kalshi's injunction request, allowing New York to enforce its gambling laws over sports-event contracts.
Kalshi is reportedly seeking funding at a $40 billion valuation as trading volume and institutional participation surge.
Charles Schwab plans S&P 500 binary options with Cboe, expanding outcome-based trading as competition intensifies across markets.
Kalshi launches the first CFTC-regulated LINK perpetual futures contract, bringing onshore crypto derivatives access to U.S. traders.
CFTC urged the Sixth Circuit to uphold federal control over prediction markets in its latest filing backing Kalshi against Ohio.
Kalshi selects Pyth Network for 24/7 commodities data, enabling continuous settlement for event contracts across metals, energy, and crops.
Kalshi and Polymarket discuss new funding that could value both prediction market platforms near $20B.
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