SEC reviews 24+ ETFs to bring election betting onto US rails
Polymarket's $3.3B World Cup run proved the demand, and a stack of ETF filings would route that volume through regulated rails rather than offshore crypto books.
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Polymarket's $3.3B World Cup run proved the demand, and a stack of ETF filings would route that volume through regulated rails rather than offshore crypto books.
A derivatives license would let Polymarket's U.S. arm offer leveraged bets on events for the first time since a 2022 CFTC settlement, putting it on a regulatory footing with Kalshi.
A second regulated US prediction-market venue chasing margin trading means the legal pathway Kalshi opened in March is no longer a one-off: niche event-derivative books are lining up behind it.
If the CFTC greenlights Polymarket's rulebook amendment, prediction-market traders could open leveraged positions for the first time inside a regulated US venue, a structural shift for the segment.
The Goldman ban covers contracts tied to the bank itself, elections, markets, macro data, and geopolitics, framing prediction markets as a frontline conduct issue for Wall Street compliance teams.
The wallet placed one position and vanished with the payout, reviving questions about whether prediction-market whales are actually retail or just well-capitalised insiders running anonymous books.
The push pairs influencer deals, MLB and CNN/CNBC partnerships, and a CFTC-supervised sports app, betting that mainstream visibility can offset a 2020 settlement and a 2024 CEO home raid.
The new policy lands on August 1, 2026, and adds real-money prediction markets to a prohibited-products list that also tightens privacy and data-collection rules for every Chrome extension developer.
Political prediction markets hit $5.7B in Q2 2026, with Polymarket near-totally dominant, yet still well short of the $7.4B election-driven peak from late 2024.
Zero-confirmation credits collapse the deposit window from up to an hour to milliseconds, lowering the friction cost every prediction-market trader has paid since Polymarket launched.
The largest US-accessible prediction market is plugging directly into the BTC rail, turning sat-settled wagers from a niche curiosity into a real on-ramp for the dominant crypto treasury asset.
Lightning funding cuts the on-ramp to a seconds-long flow for prediction-market traders, sidestepping bank rails, KYC, and the multi-day transfer windows.
The lawsuit hinges on whether 32 BTC sold across one May week qualifies as the kind of "notable" divestment the market was structured to capture.
The market move is modest (a four-point swing on Polymarket) but the political backdrop, with Trump lobbying FIFA directly, is what turns a single match line into a prediction-market story.
Kalshi's share of crypto-related prediction market volume jumped to 79% by end of Q2, up 42% since April, while Polymarket retains the deeper crypto-native user base.
A public prediction-market wallet lost 11 of 15 World Cup positions, posting a 26.7% win rate and a single ticket down nearly $5M, the kind of retail drawdown prediction markets rarely surface so…
U.S.-linked wallets were Polymarket's biggest national political crowd in the last year; the demand that flowed offshore leans toward foreign wars and novelty events regulated U.S. venues do not list.
The regulator's substance-over-label test reaches Polymarket and Kalshi as the two venues draw institutional capital and M&A attention, and forces any EU distributor to clear the MiFID II bar.
The $3M Kalshi market tied to a song's chart position became the mechanism, and Spotify is now cutting off the prediction platforms that referenced its data.
Kalshi alone grew 87% MoM to $31.5B, and the World Cup is pulling the second-highest prediction-market month on record after the 2024 US election cycle.