Hyperliquid adds permissionless prediction markets via HIP-4 with 1M HYPE stake

France's gambling regulator orders ISPs to block Polymarket

France's block shrinks Polymarket's European addressable market by another major economy. The ANJ offered no warning or licensing pathway, treating event contracts as unlicensed gambling rather than exempt financial instruments. Polymarket must now decide whether to fight each blacklist locally or abandon EU retail users entirely.

The French order follows the Czech block by hours and Italy's earlier action by days, showing regulators are trading enforcement tactics. Each new jurisdiction that rejects CFTC registration as sufficient shrinks the market where Polymarket can operate without geofencing. Rival platforms face identical product-classification risk across the EU, and the pattern warns that national gambling authorities will not defer to US regulatory status.

Bernstein raises Robinhood target to $160, sees prediction markets overtaking crypto

Robinhood now has two major analyst firms valuing it on prediction-market revenue rather than crypto or equities. The $160 target gives institutions a clean benchmark for what was until recently a niche product line. That validation matters because Robinhood is vertically integrating through Rothera, its event-contracts joint venture.

Every upgrade that treats prediction markets as core revenue accelerates the migration of trading flow from partners like KalshiEx and ForecastEx onto Robinhood-owned infrastructure. The 64% projected growth through 2028 also gives Robinhood ammunition to lobby Congress against a federal sports-contract ban that would hit platforms still dependent on third-party exchange technology. Rivals must match that narrative or watch Robinhood capture the valuation premium and the capital that follows.

Robinhood now has two major broker upgrades this quarter pinning growth to prediction-market revenue, after Goldman Sachs lifted its price target to $137 on the same theme.

Rep. Luna allegedly tipped MAGA influencer on Polymarket VP bet

Congressional insider tips now have a paper trail linking elected officials directly to prediction market profits. For Polymarket, the allegation means its political markets are demonstrably exposed to the same information asymmetries that regulators warned about. The CFTC's oversight template is being written in real time by parallel cases, and any enforcement action against a member of Congress will set the compliance bar for how platforms monitor politically connected accounts.

Luna's reported remark about wager size removes any ambiguity about intent. Political staff and elected officials now face personal liability for sharing advance knowledge with traders. The $100,000 profit figure from the related teleprompter case gives lawmakers a ready comparison, accelerating calls for account-freezing authority before future political milestones.

NYT: Polymarket and Kalshi chiefs' rivalry turns personal

Personal feuds between public CEOs reshape how regulators and lawmakers perceive an industry under acute political pressure. Coplan and Mansour now headline a rivalry story at the moment a bipartisan Senate bill threatens a federal sports contract ban and both platforms face multiplying state enforcement actions. A personality-driven narrative invites Congress to treat prediction markets as a celebrity spectacle rather than a serious information-discovery tool.

That framing undermines the sober legitimacy Kalshi has tried to build through its advertising campaign positioning event contracts as a sportsbook alternative. Polymarket, Coplan's prominence risks tethering the platform's reputation to individual drama at exactly the volume threshold where mainstream scrutiny intensifies. Both men need the industry to look stable and policy-grounded; a public blood feud makes that harder.