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Tech24h ago

LA hospitality group hedged $60,000 in Dodgers playoff revenue on Kalshi

Why this matters?

This trade is Kalshi's most concrete commercial hedging case study to date. The platform can now point to a named business using event contracts for actual risk management rather than speculation.

Read more

MSNBC's Ruhle presses Kalshi CEO Mansour on Donald Trump Jr. advisory role

4h ago

PredictArena launches creator-focused prediction market with Crypto.com

17h ago

Zoomex adds Fed policy, Brazil election, and Venezuela contracts to Predict World

2h ago

Fanatics CEO warns $7 billion ad war looms as Kalshi, Polymarket join sports betting fight

29h ago

Latest Tech headlines

FanDuel Predicts launches college football event contracts in 18 states

4h ago

Moomoo gamifies event contracts with trading badge challenge

11h ago

Polymarket hires director Kathryn Bigelow for first US political ad campaign

27h ago

Crypto.com launches Predict Pro for real-world event trading

27h ago

Brewers pass Dodgers in World Series odds on Kalshi, driving creator content

28h ago

Polymarket expands short-duration crypto contracts to ETH, SOL, and XRP

29h ago

Polymarket paid 800-plus X users to hide promotional esports quote-retweets

41h ago

Hacksaw Group launches MGA-licensed B2B prediction markets platform

2d ago

S&P Global finds DraftKings and Polymarket lead prediction market recognition

2d ago

Polymarket CEO says prediction markets beat crypto leverage bets

2d ago

StarkWare opens OffMarket for private Polymarket trading

3d ago

Kalshi drug trial prediction markets expose gaps in pharmaceutical vendor contracts

3d ago

Tech Top Stories

Polymarket CEO Coplan renews token hints as crypto fundraising shifts to equity

A Polymarket token would give the platform a user-acquisition tool that costs no cash upfront. Competitors already burn real money on celebrity deals. Kalshi laid out $15 million annually for a James partnership. Novig traded equity for Sydney Sweeney's endorsement. Traders who earn or stake a native token become locked into Polymarket's liquidity rather than shopping across venues. The catch is regulatory exposure. Any token distribution to U.S. users would draw SEC scrutiny. It would complicate Polymarket's position while state attorneys general probe its safeguards. Polymarket must choose between limiting the asset to non-U.S. pools or shaping it as a narrow utility token that survives dual-agency review. Coplan called tokens 'hot potato' on stage in Singapore, saying buyers know they are purchasing something worthless. That framing creates an apparent contradiction with his openness to launching one anyway.

2d ago

Former CFTC counsel says Supreme Court likely to take Kalshi sports contracts case

The circuit split gives Kalshi a plausible path to Supreme Court review, but that clock runs in years while state courts move in weeks. Ohio and Tennessee have already stripped Kalshi's federal preemption shield, and Maryland officials are now flagging the looming Fourth Circuit decision in KalshiEx LLC v. Schuler as a template for other states. Each state victory becomes precedent the next attorney general copies, multiplying defense costs and fragmenting national markets into geofenced patches. The NFL has already backed New Jersey's Supreme Court bid to cement the state-gambling framing, giving state attorneys general a powerful commercial ally. Kalshi must now fund parallel legal spend across multiple jurisdictions while waiting for federal clarity that may arrive too late.

33h ago

LeBron James's Polymarket payout dwarfs NBA salary, raising athlete-ethics questions

James is now the highest-paid marketing asset in prediction-market history. Rivals face a build-or-buy choice: match Polymarket's $15 million annual cash burn, copy Novig's equity-for-endorsement model with Sydney Sweeney, or abandon celebrities entirely. The athlete-led backlash against Sweeney already shows how controversy can narrow safe advertising channels. James drives funded accounts at rates that justify the fixed cost, star talent becomes a cash-only arms race. If Sweeney's cheaper equity model converts users without the upfront burn, venture dollars will shift toward contingent-pay structures. Either outcome locks in the marketing math for every platform chasing retail traders. Polymarket's conversion data this quarter will settle which structure competitors copy.

12d ago

Kalshi files for perpetual oil futures with full CFTC review

This filing tests whether the CFTC will clear commodity-linked perpetuals under the same accelerated path it used for Kalshi's US500 equity contract. If staff fast-tracks oil perpetuals, Kalshi secures a template for continuous exposure products across asset classes before rivals can match the structure. A slower full review would leave the field open to platforms resubmitting under the equity template or pushing crypto-linked perpetuals instead. The outcome shapes whether perpetual futures become Kalshi's defining product category or a contested frontier where CFTC hesitation invites state scrutiny. Each week of review delay costs Kalshi trading volume that dated futures or offshore venues capture instead.

10d ago

Kalshi launches first US stock index perpetual futures on CFTC-regulated exchange

Kalshi is now the only CFTC-registered venue offering regulated stock-index perpetuals, giving it a first-mover window measured in weeks rather than months. Rivals including Coinbase and Payward must resubmit filings to match the staff's fast-track template or watch Kalshi set the market standard for leverage limits and collateral rules. Brokerage integrations become the next battleground: each platform that connects Kalshi's US500 steals volume from offshore crypto perpetuals and from traditional equity futures venues. The product also deepens Kalshi's revenue mix beyond event contracts ahead of its margin-trading petition and parallel state court fights. A second platform clearing the same structure would confirm the fast track as repeatable; until then, Kalshi owns the regulated perpetual futures channel.

11d ago

Polymarket adds voluntary deposit limits and self-exclusion tools

The safeguards are a preemptive bid to blunt state gambling-law arguments before they spread beyond New York. James's suit already frames Polymarket as indifferent to user harm; these tools give the exchange a concrete rebuttal in court and in the press. Kalshi and ForecastEx face the same state threat and must now match the deposits-plus-treatment-partner stack or risk becoming the easier target. The tools also test whether voluntary self-regulation can slow state momentum before the White House finishes its review of pending CFTC rules. If Polymarket's safeguards are cited as sufficient in a federal ruling, they become the floor every rival must clear. If dismissed as inadequate, they become evidence that federal registration alone protects no one.

15d ago

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Frequently Asked Questions

How does Polymarket work technically?

Polymarket runs on Polygon and settles trades in USDC. Contract resolution uses UMA’s optimistic oracle: a proposer posts the outcome, and any UMA token holder can dispute it inside a fixed window before settlement.

Is Kalshi on the blockchain?

No. Kalshi runs traditional centralized exchange infrastructure — a matching engine, clearing, and settlement system tied to specific oracle data sources for each contract. It settles in US dollars, not crypto.

What is UMA oracle?

UMA is an "optimistic oracle" used by Polymarket and other DeFi protocols to resolve contracts. A proposer submits the answer; if no one disputes it within the challenge window, it’s accepted. If disputed, UMA token holders vote to determine the truth.

How are prediction market contracts resolved?

Each contract names its resolution source up front — the AP race call for an election, the BLS press release for a jobs print, the official scoreboard for a sports outcome. The exchange (Kalshi, ForecastEx) or oracle (Polymarket via UMA) reads that source and pays out winners.

Does Kalshi have an API?

Yes — Kalshi publishes a REST and WebSocket API at kalshi.com/docs covering live prices, order entry, and account data. Polymarket and ForecastEx also publish APIs. The Technology section tracks API releases and changes.

What chain does Polymarket run on?

Polymarket runs on Polygon (a Layer 2 Ethereum scaling network) and settles in USDC. It uses Gnosis CTF (Conditional Tokens Framework) for contract issuance.