CFTC asks court to dismiss CME lawsuit against Kalshi bitcoin perpetual futures

Robinhood takes equity stakes in Crypto.com and OG.com for prediction market push

Robinhood has chosen to buy its way into regulated prediction-market infrastructure rather than build or license it directly. That signals event contracts have graduated from experiment to core revenue line worth capital allocation. The partnership gives OG.com distribution Robinhood could never build organically, while Robinhood's users get CFTC-regulated products without waiting for proprietary exchange approval. Robinhood now faces concentration risk: its football season volume and Piper Sandler's $320 million Q4 revenue forecast depend on OG.com's regulatory standing staying clean.

Any CFTC action against Crypto.com or OG.com would force immediate migration to Kalshi or Rothera joints. For Kalshi and Polymarket, which hold direct designations, Robinhood's indirect route validates their longer capital-intensive strategy. They can argue that owning the license insulates traders from exactly this partner dependency. The first outage or enforcement headline will test whether Robinhood's speed-to-market trade-off was worth it.

Kalshi signs exclusive streaming deal with Catalist Sports for tennis and soccer data

Kalshi needed a live-streaming answer to Polymarket's Sportradar deal across 20-plus leagues, and Catalist Sports is that response. The exclusivity matters because Polymarket's Bundesliga and Grand Slam tennis feeds have been pulling traders who want streaming-verified event contracts. Kalshi's The Weather Company partnership defends weather, but weather is not sports. Now tennis and soccer markets get the low-latency data that institutions and retail alike use to trust settlement integrity.

The catch: three tennis tournaments were already in talks with prediction market platforms, and Catalist's coverage must prove deep enough to keep Kalshi competitive on hard-court events beyond the US Open. If the streams lag or the match catalog is thin, traders still route to Polymarket for Grand Slam liquidity. Kalshi's first quarterly sports volume after launch will show whether one streaming partner can close a gap that Sportradar is widening across two dozen leagues.

Underdog drops fantasy sports in seven states to preserve prediction market platform

Underdog's exit signals that the cost of dual-track state and federal compliance has crossed a threshold. Operators can no longer straddle both worlds without one side collapsing. Underdog, the CFTC license won. Rivals with fantasy roots face the same calculation. Each state where fantasy licenses conflict with event-contract growth becomes a forced choice.

The platforms that resolve this first gain cleaner legal footing and faster product rollout. Those that hesitate risk being shut out of prediction market expansion while tied to legacy fantasy approvals. State gaming boards will notice the surrender and may tighten terms for remaining dual operators.

Underdog's retreat joins Kalshi's parallel state-by-state losses and geofence cascade as operators abandon multimarket strategies to preserve federally regulated core businesses.

Kalshi and Polymarket defend election trading as 2026 midterms approach

The democracy-framing of this AP package shapes what Congress and swing-state attorneys general hear before any legislative session. Kalshi and Polymarket are betting that branding their activity as hedging — not wagering — will blunt the Schiff-Curtis bill's momentum and keep state gambling enforcers at bay. The stock-market parallel is aimed at lawmakers who treat CFTC registration as a seal of legitimacy.

But the platforms' argument arrives just days after the Ninth Circuit let Nevada pursue Kalshi as a gambling operator, and after Connecticut and New Jersey launched parallel actions. If the 2026 cycle produces even one trading-related election controversy — a leaked result, a suspicious volume spike, or a banned insider — the hedging narrative collapses and both platforms face immediate legislative risk. Their PR defense is only as durable as November's headlines.