Odaily News & Prediction Market Coverage
Track the latest Odaily news across prediction markets. PredictionNews is following 7 active Odaily stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
Polymarket UMA oracle voids 'Yes' bets after Strategy's $2.5M bitcoin sale
TradingKalshi and Polymarket split by 18 points on Trump NBA Finals attendance odds
TradingAnthropic flips to 81% favorite over OpenAI on Polymarket IPO contract after May lead collapses
TradingKalshi launches 'S&P 500 of politics' index to score partisan power
Opiniona16z crypto publishes chart showing prediction market usage beyond sports
TradingPolymarket debuts perpetuals and World Cup page ahead of tournament
TechArkham launches on-chain prediction market analytics suite
Frequently Asked Questions
Where can I find the latest Odaily news?
Right here. PredictionNews tracks 7 active Odaily stories, each clustered from original reporting and summarized for prediction-market operators, traders, and regulators, and refreshed throughout the day.
Are prediction markets legal in the US?
Federally, yes. Platforms like Kalshi and Polymarket US operate as CFTC-regulated event-contract exchanges, which is why they're available even in states where sports betting is banned. Legality is contested at the state level, especially for sports contracts, the regulatory fight PredictionNews tracks daily.
Are prediction markets the same as gambling?
Legally, no. They're overseen by the CFTC as financial event contracts, not by state gambling regulators, and you trade "Yes"/"No" shares priced between $0 and $1 rather than betting against a bookmaker's odds. That distinction is at the heart of the current regulatory debate.
How do prediction markets work?
You buy shares in a "Yes" or "No" outcome priced between $0 and $1. The price reflects the market's implied probability of the event. Correct predictions settle at $1 per share, incorrect ones at $0. They function like an exchange, not a sportsbook.