Google bans prediction market extensions from Chrome Web Store starting August 1

Kalshi in talks with regulators to expand never-expiring derivatives to new areas

Kalshi needs fresh product lanes to support its $40 billion valuation talks, but every new expansion invites fresh attack surfaces. The CFTC crypto perpetuals approval in May is already under assault from CME's lawsuit, and any new asset class would draw the same regulatory fire before it earns a dollar of volume. State attorneys general in New York, Connecticut, and elsewhere are stripping away preemption defenses that once shielded federally registered platforms.

Each new product vertical now faces parallel federal classification fights and state enforcement gambits. Kalshi's legal team must choose between breadth and survival: defend existing lines or stretch thinner across new ones. The platform's market-maker partnerships with DRW, Wintermute, and IMC mean little if the underlying contracts are enjoined before they trade.

World.xyz migrates prediction market from Solana to Robinhood Chain after one week

Phantom now faces a broken product promise. The wallet provider supported World's Solana-native infrastructure, only for World to abandon Solana for Robinhood Chain before any volume could prove the bet. Phantom's users who tapped into Worlds prediction market on Solana must now restart on unfamiliar infrastructure, or drift back to centralized venues.

For World, the chain-hopping without explanation erodes the trust that crypto-native settlement is supposed to replace. The platform risks becoming a case study in why wallet providers hesitate on unregistered backend partners: no regulatory recourse, and no infrastructure stability either. If volume does not follow this migration, Phantom may cut losses and return to a licensed exchange.

Former Nevada Sen. Dean Heller makes case for prediction markets on CNBC

Heller's media appearance is part of Kalshi's broader credibility campaign at a fragile moment. The platform faces disclosure allegations that it paid for favorable news coverage, a Roosevelt Institute report claiming ordinary users have lost $500 million, and state regulatory fights in Illinois, Michigan, Minnesota, and Kentucky.

A former senator arguing the gambling distinction on national television gives Kalshi political cover, but it also deepens the risk if viewers or regulators perceive the segment as bought advocacy rather than independent analysis. The timing is tight: Kalshi must win public and judicial acceptance of its event-contract framing before more states impose gambling-style taxes and licensing. Every high-profile defender helps, yet each one also becomes a target if the disclosure scandal widens.

Michael Burry buys Flutter, DraftKings shares, warns prediction markets face regulation

Burry's trade ties the prediction-markets threat directly to sportsbook equity valuations, giving institutional investors a clear hedge thesis. If he is right, DraftKings and Flutter shares recover as state taxes and court battles slow CFTC-registered platforms like Kalshi and Polymarket. If he is wrong, DKeX's $3.4 billion annualized volume shows sportsbooks are already vertically integrating into the very market Burry dismisses.

The 45% DraftKings drawdown means his position has asymmetric upside on regulatory friction alone. Traders now have a disclosed benchmark: sell-side notes will cite Burry's logic when assessing whether state-tax stacks or federal preemption wins. The outcome shapes whether event contracts stay a sideline or rival core betting revenue.

Burry's warning that prediction markets face absorption into regulation and taxation joins Kentucky, Illinois, and North Carolina as states that already tax CFTC-registered platforms, confirming the state-tax pattern he expects to spread.