Traders sue Polymarket in New York over Strategy bitcoin market resolution

CNN and CNBC accused of promoting Kalshi without full disclosure

For Kalshi, the disclosure scandal is a credibility wound at the worst possible moment. The platform needs public trust to survive state regulatory assaults in Illinois, Michigan, Minnesota and elsewhere. Any perception that it paid for favorable news coverage weakens its argument that prediction markets are legitimate financial instruments, not disguised gambling.

For CNN and CNBC, the allegations risk federal and state regulatory scrutiny over native advertising rules that carry real fines. The networks built their Kalshi segments around a partner now painted as buying soft coverage. That reputational damage lingers longer than any single story cycle.

National consumer advocates sue Polymarket over influencer marketing practices

NACA's organized-bar challenge adds weight that individual plaintiff suits lack. The nonprofit can fund sustained discovery into whether Polymarket's influencer campaign was a managed program or isolated overreach. That evidence feeds directly into the CFTC's parallel investigation and any Senate follow-up. If discovery yields documents showing coordinated deception, Polymarket's defense of good-faith marketing collapse.

The Superior Court venue also escapes federal preemption arguments Polymarket might raise against CFTC-linked claims. Every document NACA extracts becomes ammunition for the agency and for state attorneys general watching from the sidelines. Polymarket must now fight discovery on three fronts without a unified settlement path.

The NACA suit becomes the third formal front against Polymarket's influencer practices alongside the CFTC probe and bipartisan Senate demands, cementing a pattern of regulatory and consumer-advocate scrutiny that stretches from the agency through Congress to the courthouse.

Prospect Markets signs LOI with Crypto.com-backed OG Broker for U.S. sports prediction markets

The LOI puts OG Broker at the center of a second U.S. prediction-market launch, amplifying the same infrastructure bottleneck that FanDuel Predicts already exposed. For Prospect Markets, the deal is a shortcut past the multi-year CFTC registration that trapped earlier entrants, but it also means live or die on OG's clearing rails and Nadex relationship. That dependency matters because DraftKings just pulled its volume in-house to DKeX, and Kalshi-Polymarket combined flow hit $45 billion in June, so latecomers face a shrinking window to capture traders before the World Cup liquidity cliff.

If OG's backend cracks under twin front-ends, both Prospect and FanDuel Predicts settlements fail together, giving state attorneys general a two-platform example to cite in gambling-label enforcement. Prospect Markets has no existing U.S. user base to fall back on, so it must buy traffic or die. The LOI is non-binding; either side can walk. A competitor with proprietary exchange tech could undercut OG's pricing before the deal hardens.

Prospect Markets joins FanDuel Predicts in tapping OG Broker's exchange infrastructure for U.S. prediction markets, making OG the common Crypto.com-backed backend for two separate consumer-facing launches this year.

Polymarket partners with Paribu for Turkish market access

Crypto-exchange partnerships let Polymarket enter markets without building local regulatory infrastructure from scratch. Paribu holds the exchange license and user trust; Polymarket supplies the contracts and takes the trading volume. That division of labor matters because Kalshi and Robinhood are spending heavily on direct U.S. regulatory fights and app-store presence.

Polymarket's path keeps capital light and fast. The risk is dependency: Paribu controls the relationship with Turkish users and could switch or build competing contracts. For Polymarket, the Paribu and Deepcoin deals test whether crypto-exchange distribution can scale faster than regulated direct entry. Turkish volume materializes, expect more exchange tie-ups in markets where standalone licensing would take years.

Polymarket's latest crypto-exchange distribution deal, following the Deepcoin partnership, signals a Turkish and Asian distribution sprint as rivals consolidate domestically.