What matters today
Headlines and short briefings we actually use when reading the market — filtered for relevance, not volume.
Trading volume in sports prediction markets reached $68 billion in a single month, coinciding with significant declines in the stock prices of major U.S. sportsbook operators. Kalshi remains the market leader.
2 min read
Prediction market Kalshi is in talks to secure $1 billion in new funding, potentially valuing the company at $40 billion. Sequoia Capital, Wellington Management, and Tiger Global are reportedly considering participation.
1 min read
New York Attorney General Letitia James and Governor Kathy Hochul filed a lawsuit Thursday accusing crypto prediction market Polymarket of operating an unlicensed gambling business in the state, seeking to bar the platform and recover triple damages.
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New York state lawmakers sued Polymarket, alleging the company operates an illegal gambling business. The action follows a similar July lawsuit against prediction markets company Kalshi.
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Data reveals a highly concentrated trading pattern on Kalshi, with a single $5,499 trade size representing over half of sampled ether-perpetual volume. Bitcoin perpetuals also show a strong bias towards $2,500 and $5,000 trade sizes.
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A look at the key developments in the crypto space this week, including ongoing regulatory uncertainty surrounding the CLARITY Act, Kraken's innovative on-chain perpetual futures, and a significant data breach at Revolut. We analyze market implications and future outlook.
3 min read
Kalshi, a regulated exchange, has filed with the CFTC to offer perpetual futures on individual US stocks, mirroring similar efforts by Coinbase and Bitnomial. This move could significantly expand access to leveraged stock trading.
3 min read
Traders are increasingly pricing in another interest rate hike by the Federal Reserve in October, with a strong probability of further increases by December. This shift in expectations is creating uncertainty in crypto markets.
3 min read
World has launched its new 'World Money' app featuring self-custody stablecoins, Stripe integration, and reward boosts via World ID verification.
2 min read
