Ninth Circuit Rules Kalshi Sports Contracts Aren’t Swaps, Sparking Federal Circuit Split
August 29, 2026
The Ninth Circuit Court of Appeals ruled that Kalshi's sports event contracts are not swaps under federal law, paving the way for Nevada state gaming enforcement and creating a major federal circuit split.
Read more
Senate Delays CLARITY Act as Cloture Skip Pushes Crypto Legislation Odds to 2027
August 19, 2026
With Senate leadership skipping a key procedural vote on the CLARITY Act, prediction markets have slashed the odds of U.S. crypto market structure legislation passing this year, pushing expectations to 2027.
Read more
Prediction Market Consolidation: Trepa and Fireplace Shut Down as Polymarket and Kalshi Command 93% of Volume
August 19, 2026
Two prediction market startups, Trepa and Fireplace, announced simultaneous shutdowns as Polymarket and Kalshi consolidate 93% of total market volume. Users have until Sept. 30 to withdraw funds.
Read more
Prediction Market Search Interest Drops 83% Post-World Cup as Kalshi Gains Market Advantage over Polymarket
August 18, 2026
Search interest for prediction markets has dropped 83% from its World Cup peak. Despite declining public queries, platforms like Kalshi are cementing dominant trading volume over Polymarket.
Read more