BIZARRE: 13 - You Need To See This

Kalshi’s fight over sports betting is hurtling toward the Supreme Court—and the future of gambling is at stake

Kalshi is in a make-or-break fight to preserve a lucrative new prediction markets industry, expected to grow to over $200 billion this year.

Fortune · Apr 20

Traders placed over $1bn in perfectly timed bets on the Iran war. What is going on?

Suspicious wagers on the US-Israel war in Iran are creating huge windfalls and raising concerns among lawmakers

The Guardian - US · Apr 18

Fed chair nominee Kevin Warsh is worth more than $100 million and has stakes in SpaceX and Polymarket

Ahead of Warsh’s confirmation hearing next week, he disclosed his financial holdings.

Fortune · Apr 15

Betting against political prediction markets

The rise of political prediction markets and several well-timed trades have spurred lawmakers to introduce multiple bills aimed at stopping or regulating insider trading in prediction markets. But lawmakers are far from agreeing on how far to extend such bans. “Members of Congress should be prohibited from participating in prediction…

Roll Call · Apr 14

Iran-US war latest: Trump says war is close to over as US claims ‘maritime superiority’ in Middle East

JD Vance said Trump ‘wants to make the grand bargain’ with Iran after peace talks failed over the weekend

The Independent UK · Apr 14

‘Abhorrent’: the inside story of the Polymarket gamblers betting millions on war

A Guardian investigation reveals how the prediction market can shape news – and how it rules on ‘the truth’

The Guardian - UK · Apr 11

Prediction markets have made betting easier than ever—and young men are paying the price

“I think about that money I lost every single day,” says Samuel Sharkey, a 23-year-old who lost about $10,000 on Kalshi.

Fortune · Apr 10

Harvard Study Estimates $143 Million in Polymarket Profits May Have Been Generated Through Insider Information

A Harvard-linked study and unusual betting activity have raised questions about possible insider information in Polymarket trades tied to Iran and Trump-related geopolitical events, though no wrongdoing has been proven.

International Business Times UK · Apr 10

White House warns staffers against placing bets on global events amid insider trading accusations

IN FULL

The Independent UK · Apr 10

Who Will Win the Election 2028? White House Warns Staff Against Betting on Platforms Like Polymarket

The White House has issued a blunt warning to staff against using insider information to bet on Election 2028 odds via platforms like Polymarket. This follows a $44bn surge in political wagering and concerns over insider trading linked to President Trump's recent military decisions. Lawmakers are now pushing for a…

International Business Times UK · Apr 10