Tech2h ago

Kalshi launches advanced trading terminal for institutional traders

Why this matters?

The terminal is built for the institutional desks that DRW, Wintermute, and IMC recently established. These firms need professional interfaces to manage risk across event contracts and perpetual futures at once.

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Polymarket adds parlay-style Combo trades in sports push

Polymarket is closing the user-experience gap with sportsbooks at a moment when Congress threatens to ban sports event contracts on CFTC-regulated platforms. Combo bundles let traders chase the same leveraged payouts that drive handle at DraftKings and FanDuel, potentially capturing demand before federal legislation can intervene. Liquidity depth will determine whether combos attract real volume or sit unused.

Polymarket adds Spark-powered Bitcoin Lightning deposits

For Polymarket, Bitcoin Lightning integration removes a core friction point that pushed crypto-native users toward on-chain or offshore alternatives. Deposit times fell from roughly an hour to under a second. That speed matters most for traders who spot mispriced markets and need capital deployed before the edge vanishes. The self-custodial design also answers a recurring complaint about centralized prediction markets: users fund accounts directly without handing bitcoin to an intermediary. Kalshi lacks comparable crypto-native rails, so Polymarket now has a funding-speed advantage with the bitcoin-holding trader segment. The question is whether this converts to sustained volume, or merely adds another option most users ignore. Polymarket volume still settles in stablecoins; Lightning uptake in the next 60 days will show whether bitcoin deposits were a missing piece or a niche convenience.

Polymarket confirms $3 million loss from frontend supply-chain attack

Polymarket must now refund roughly $3 million while defending against a CFTC probe into staged bets and bipartisan Senate demands for investigation. The supply-chain breach gives competitors like Kalshi a concrete trust argument to pitch institutions and retail users on alternative venues. Refund execution and disclosure quality in the coming two weeks will determine whether this remains a recoverable operational hit or accelerates user migration and deepens CFTC scrutiny of the platform's operational security as part of its broader integrity review.

World.xyz pulls Robinhood Chain migration prank after one week on Solana

The prank highlights how early prediction market projects use viral stunts to build attention, even at the risk of user trust. For platforms like World.xyz, such tactics can boost short-term visibility but may complicate future credibility with users and partners.

Vermiculus to build 24/7 clearing system for unnamed crypto exchange

Prediction markets clear around the clock, but most legacy clearing infrastructure was built for equity and futures markets that shut overnight and on weekends. A purpose-built 24/7 clearing stack removes that mismatch, letting the exchange list shorter-dated event contracts without batching risk into traditional settlement windows. For competitors, the deal sets a benchmark: any exchange that wants to match similar velocity will need to overhaul its own back office or buy equivalent capability. The unnamed exchange gains a first-mover advantage in contract variety, while Vermiculus secures a flagship reference client that it can use to sell the same architecture to other venues racing to add prediction-market products.

Polymarket launches Telegram mini-app through TON wallet integration

Telegram's 900 million users give Polymarket a zero-acquisition-cost funnel that rivals Meta's impending Arena play-money threat. If even a small fraction of Telegram's base tries prediction markets through TON wallets, Polymarket builds a user habit before Meta can condition billions on its own free platform.

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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.