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    prediction markets

    Kalshi

    'Lawlessness': Trump Agency Instructs Prediction Market Giant Kalshi to Defy Federal Court Order

    One critic said the Commodity Futures Trading Commission's "cheerleading for prediction markets truly knows no bounds."

    Jake Johnson
    Aug 13, 2026

    Consumer advocacy groups are accusing the Trump administration of engaging in "lawlessness on behalf of well-connected gambling interests" after the Commodity Futures Trading Commission instructed the prediction market giant Kalshi to continue operating in New York, in defiance of a federal court order.

    In a Tuesday statement, the CFTC said it "exercised its emergency authority" and "ordered" Kalshi to "continue to operate in accordance with the Commodity Exchange Act’s Core Principles." The statement came weeks after a federal judge denied Kalshi's bid to prevent New York from enforcing its gambling laws against the platform, which allows users to "trade on the outcome of real-world events." The CFTC's action also came after New York sued Kalshi for allegedly "running an illegal gambling operation."

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    News
    Commodities Futures Trading Commission
    Powerful Winds Fuel Multiple Fires Across Los Angeles Area

    Senators Urge Regulator to 'Crack Down on Prediction Markets' Amid Wildfire Betting

    "These markets risk creating perverse incentives, undermining public trust, and commodifying human suffering in ways that warrant careful scrutiny."

    Brett Wilkins
    Aug 04, 2026

    As wildfires ravaged large swaths of the Western US, a group of Democratic senators on Monday called on federal regulators to rein in prediction markets offering contracts tied to such disasters, warning that turning climate-fueled extreme weather into financial wagers creates "perverse incentives" that could motivate arson and other crimes.

    In a letter to Commodity Futures Trading Commission (CFTC) Chair Michael Selig, Sens. Jeff Merkley (Ore.), Alex Padilla (Calif.), Jeanne Shaheen (NH), Adam Schiff (Calif.), Jacky Rosen (Nevada), Catherine Cortez Masto (Nevada), Martin Heinrich (NM), Ron Wyden (Ore.), and Amy Klobuchar (Minn.) wrote that "prediction markets have been enabled to expand rapidly, increasingly inviting speculation on war, political violence, disasters, and public emergencies that raise ethical and public policy concerns."

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    News
    us senate
    Coalition Rejects Trump Admin Push to Let Kalshi, Polymarket 'Bypass State Gambling Regimes'

    Coalition Rejects Trump Admin Push to Let Kalshi, Polymarket 'Bypass State Gambling Regimes'

    "We urge the commission to withdraw this proposal, enforce the rules already on the books, and return its attention to the derivatives markets it was created to protect—and which genuinely need its attention."

    Jessica Corbett
    Jul 24, 2026

    A coalition of consumer advocacy groups on Friday forcefully condemned the Commodity Futures Trading Commission's move to give prediction market platforms like Kalshi and Polymarket "a green light to bypass state gambling regimes."

    Users of these platforms can bet on future events, from the outcome of a sports game to the language of a political speech, by buying "shares," or "contracts." The Trump administration claims the platforms are not gambling operations, but derivatives markets because, as Chair Michael Selig has noted, "Congress has entrusted the CFTC with the sole authority to regulate" those.

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    News
    gambling
    With No Sense of Irony, Trump Rep Calls Teleprompter Operator's Alleged Insider Trading on Speeches a 'Disgrace'

    With No Sense of Irony, Trump Rep Calls Teleprompter Operator's Alleged Insider Trading on Speeches a 'Disgrace'

    "Public Citizen again calls on the CFTC to wake up and do its job of overseeing the prediction market industry and enforcing the insider trading laws," said the watchdog's government affairs lobbyist.

    Jessica Corbett
    Jul 16, 2026

    As Kalshi confirmed Thursday that it referred a White House teleprompter operator to federal regulators for flagged bets on its prediction market, President Donald Trump's press secretary denounced the suspended staffer's reported actions—without addressing any of the mounting outrage over how her boss has cashed in on his return to the Oval Office.

    Citing unnamed sources, ABC News reported that Gabriel Perez, who has been one of Trump's teleprompter operators since his first presidential campaign, is in talks with federal regulators at the Commodity Futures Trading Commission (CFTC) "to settle allegations he used his inside knowledge of the president's speeches to win more than $100,000."

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    prediction markets
    Polymarket betting page for the survival of the Iranian regime.

    To Make the US-Iran Deal Stick, Hold Hawks and War Profiteers Accountable

    Those who push for and profit from war have learned over many years that neither Republicans or Democrats will hold them accountable. A new Congress post November has a real opportunity to change that.

    Nancy Okail
    Jun 23, 2026

    Now that an initial diplomatic deal between the US and Iran has been signed and intensive negotiations are under way to fully end the war, Congress should do everything possible to ensure this agreement is fully implemented. While the agreement is likely to have imperfections—thanks in large part to President Donald Trump harming US leverage and interests with a disastrous war—it would be a massive mistake to attack the deal simply because it comes from this president. The key question to consider is what steps Congress can take to ensure it becomes a durable peace—rather than merely a pause before the next round of war.

    With all the human loss, destruction, and global stakes, we must stop this war, but also ensure that the conditions of peace don’t lay the groundwork for a return to conflict—or inspire its repetition elsewhere. The political and financial cost of ending this war must fall on those who aided and profited from it. The question is whether we build the safeguards to make it last.

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    Opinion
    Iran War
    Report Exposes How Trump Administration Has 'Mowed Down' Regulators Overseeing Prediction Markets

    Report Exposes How Trump Administration Has 'Mowed Down' Regulators Overseeing Prediction Markets

    The Trump administration last week sued Minnesota after it passed a law banning prediction markets from operating in the state.

    Brad Reed
    May 24, 2026

    A Sunday report in The New York Times revealed how the Trump administration is using a key government agency to shut down any efforts to regulate online betting markets such as Kalshi and Polymarket.

    According to the Times, the administration has stacked the Commodity Futures Trading Commission (CFTC) with industry insiders who have systematically "mowed down" staffers at the agency who have expressed interest in providing oversight on prediction markets.

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    News
    Commodities Futures Trading Commission
    Nicolas Maduro Transported To Court Hearing

    'Corruption Starts at the Top': US Soldier Arrested for Profiting Off Bets on Maduro Abduction

    One House Democrat said the soldier charged with placing successful bets using classified information was "probably just copying what he's seeing elsewhere."

    Jake Johnson
    Apr 24, 2026

    The US Justice Department announced Thursday that an American special forces soldier has been arrested and charged for pocketing over $400,000 by betting, on the basis of classified information, on the timing of the Trump administration's illegal abduction of Nicolás Maduro earlier this year.

    Gannon Ken Van Dyke, an active-duty soldier in the US Army who was involved in planning and executing the operation to kidnap Maduro in early January, was charged with "unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful monetary transaction," the Justice Department said in a statement.

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    News
    prediction markets
    'Bone-Chilling': Gamblers ‘Vowing to Kill’ Journalist Unless He Changes Iran War Report to Help Them Win Polymarket Bet

    'Bone-Chilling': Gamblers ‘Vowing to Kill’ Journalist Unless He Changes Iran War Report to Help Them Win Polymarket Bet

    “After you make us lose $900,000, we will invest no less than that to finish you.”

    Stephen Prager
    Mar 16, 2026

    An Israeli journalist said he's received death threats from gamblers demanding he change an accurate report about an Iranian missile strike in order to help them win a bet on the prediction app Polymarket.

    On Monday, Emanuel Fabian, a military correspondent for The Times of Israel, wrote that he was confused when he suddenly received several requests to correct a report on March 10 that an Iranian missile had struck Israeli territory.

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    News
    prediction markets
    Polymarket page taking bets for US strike on Iran.

    No More Gambling With The Lives Of Iranians: We Must Ban the War Prediction Market

    Prediction markets represent a further commodification of war, violence, and death—one that risks manufacturing consent for more violence by providing people with a financial incentive for it.

    Jordan Liz
    Mar 10, 2026

    On February 27, more than 150 accounts placed bets on Polymarket accurately predicting that the US would strike Iran by the following day. Of these accounts, at least 16 made a profit of over $100,000, and at least 109 made over $10,000. The New York Times found one anonymous account that had spent $60,000 in the days before the strikes and made nearly half a million dollars.

    Given the timing of these bets, this has raised concerns about insider trading. Bubblemaps, an analytics platform that turns blockchain data into interactive visuals, found a cluster of linked accounts that made $1.2 million by making very specific bets with near-perfect accuracy. This includes betting that the US and Israel would attack Iran on February 28.

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    Opinion
    prediction markets
    Prediction Markets Face Increased Scrutiny Over Insider Trading Allegations

    Watchdog Demands Insider Trading Probe After ‘Highly Suspicious’ Bets on Iran War

    "Several very substantial bets were placed in the last-minute moments prior to the February 28 attack," said a representative for Public Citizen.

    Stephen Prager
    Mar 06, 2026

    A consumer watchdog group is calling on the federal agency that regulates prediction markets to investigate what it says are a series of "highly suspicious bets" placed on President Donald Trump's war with Iran.

    In a letter sent on Thursday to Michael Selig, the chair of the Commodity Futures Trading Commission (CFTC), a representative for the group Public Citizen pointed out that users have been able to make off with six-figure winnings from betting on political outcomes using platforms like Kalshi and Polymarket, which "advertise that you can bet on almost anything, anywhere."

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    corruption
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