CFTC regulation

prediction ma

2026-07-08 18:56:18

Underdog and Crypto.com Launch CFTC-Regulated Sports Prediction Market in the US

Underdog partners with Crypto.com's CDNA to offer federally regulated sports event contracts in the US, enabling users to trade on NFL, NBA, and MLB outcomes with real-time pricing.

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perpetual fut

2026-07-02 05:00:14

Kalshi and Polymarket Race to Launch Perpetual Crypto Contracts as New York Sues Coinbase and Gemini Over Prediction Markets

Two of the largest US prediction market platforms, Kalshi and Polymarket, have announced the launch of cryptocurrency perpetual futures within days of each other, marking a shift from event-based betting to derivatives trading. CFTC-regulated Kalshi (valued at $11 billion) will launch its 'Timeless' perpetuals on April 27 in New York, initially collateralized in USD. Polymarket (valued at $9 billion) preemptively launched its product on April 21, allowing 24/7 long/short positions on prediction market outcomes. Both platforms report strong volumes: Kalshi processes over $100 billion annualized, Polymarket over $1 billion weekly notional. Meanwhile, New York Attorney General Letitia James filed lawsuits against Coinbase and Gemini, alleging their prediction market services operate as unlicensed gambling. The article explains the mechanics of perpetual futures, the regulatory implications under CFTC oversight, and the competitive dynamics between these two platforms.

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prediction ma

2026-07-02 04:40:14

Kalshi and Polymarket Enter the Crypto Race to Launch Perpetual Futures

Two of the largest U.S. prediction market platforms, Kalshi ($11B valuation) and Polymarket ($9B valuation), are set to launch cryptocurrency perpetual futures within days of each other. Kalshi will launch on April 27 in New York under the codename "Timeless", accepting USD collateral, while Polymarket announced its perpetual trading product hours earlier on April 21, allowing round-the-clock long/short positions on prediction market outcomes. Perpetual futures differ from standard event contracts by allowing traders to hold positions without owning the underlying token, with a funding rate mechanism to align with spot markets. Both platforms posted record numbers: 192 million prediction market transactions in March 2026, Kalshi's monthly crypto trading volume exceeding $1 billion for the first time, and annualized volume over $100 billion. Separately, New York Attorney General Letitia James sued Coinbase and Gemini, alleging their prediction market platforms operate as unlicensed gambling services under state law.

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Kalshi

2026-07-02 03:00:14

Kalshi Executive Says Bitcoin Is Top Payment Rail, Prediction Markets to Attract Big Money with New Perpetual Futures

John Wang, head of crypto at Kalshi, revealed in a Bitcoin 2026 fireside chat that Bitcoin has become the largest source of user payments into the platform, surpassing bank transfers and debit cards. He argued that regulated prediction markets offer a more intuitive and accessible way to express Bitcoin price views compared to spot exchanges, as they settle on clear event outcomes rather than requiring wallet management. Wang addressed insider trading concerns, emphasizing Kalshi's KYC checks and internal protocols, and predicted that hedge funds will take significant positions in prediction markets over time. Separately, Kalshi launched cryptocurrency perpetual futures today, using USD as initial collateral with plans to add stablecoins, positioning itself to compete directly with offshore crypto derivatives platforms under CFTC oversight.

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