Binance has added access to third-party prediction markets inside its app for millions of users and will absorb gas fees to reduce friction. The exchange only facilitates access to the external application and does not operate the markets itself.
Prediction markets platform Polymarket will launch 'Polymarket USD', a USDC-backed collateral token that will serve as the settlement asset for all contracts. The move is part of a broader infrastructure upgrade intended to standardize settlements and improve liquidity.
CFTC Chair Michael Selig urged clearer rules for prediction markets, warning that offshore platforms operating in unregulated spaces could spark FTX-like failures. He emphasized the need for cross-border coordination and stronger oversight to protect investors and market integrity.
Binance has added prediction markets to its self-custody crypto wallet, letting users wager on sports, politics and crypto outcomes directly within the app. The feature integrates speculative markets into a custody product while keeping assets under user control.
Intercontinental Exchange, parent company of the New York Stock Exchange, has added $600 million to Polymarket, bringing its total investment to nearly $2 billion. The injection is a major institutional vote of confidence for prediction markets and could accelerate product growth and liquidity.
The U.S. Commodity Futures Trading Commission has launched an Innovation Task Force to craft regulatory guidelines for artificial intelligence, cryptocurrencies, and prediction markets. The initiative aims to bring clarity to emerging tech risks and market practices.
Kalshi has barred athletes and politicians from trading and Polymarket is tightening insider-trading rules as prediction markets face rising regulatory and legislative scrutiny.
CFTC Chair Michael Selig praised blockchain-based prediction markets for improving price discovery and public information flow, even as several U.S. states pursue litigation against those platforms. His remarks could influence regulatory debate over market oversight.
Polymarket shut down a market on nuclear detonation after public outcry and regulatory scrutiny. The move follows insider trading allegations and a wave of foreign bans putting the platform under pressure.
Coinbase CEO Brian Armstrong told reporters he now puts the odds of the CLARITY Act passing at about 90% after negotiations showed significant progress, and prediction markets have shifted higher in response. The move signals growing confidence that U.S. lawmakers may settle on clearer rules for digital assets.