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The Latest Breaking News from Polymarket

How polling failures, gambling legalization and political gridlock paved the way for the explosive rise of prediction markets

Though prediction markets have been legal in the U.S. for less than 18 months, they can’t stop making news and making money.

The Conversation

‘I’m signing an executive order’: Gavin Newsom just pulled a president-worthy move, and Donald Trump won’t recover anytime soon

California Governor Gavin Newsom is signing an executive order today that bans state officials with insider information from betting on prediction markets. This move directly expands existing ethics rules, prohibiting state appointees from using non-public information to enrich themselves or their family members through these fast-growing platforms. The order takes…

The Mary Sue

I’m signing an executive order’: Gavin Newsom makes his first president-worthy move, and it’s a direct slap in Donald Trump’s face

The public will always lose out to the Trump clan.

We Got This Covered

From analysis to the latest developments in health,
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Investors dump Orbán-linked stocks as poll shows opposition with 23-point lead

In a single day, the share price of two holding companies on the Budapest Stock Exchange with links to the Orbán government, 4iG and Opus Global, fell 10-12%.

Euronews

Prediction Markets Now Face Major Potential Ban on Most Popular Betting Targets

Proposed legislation is taking aim at prediction markets, promising to ban transactions on sports, politics, news, and entertainment.

International Business Times

Senator Murphy Alleges 'Corrupt' Insider Trading After £1.17 Billion Futures Bet Placed Minutes Before Trump's Iran Post

An anonymous trader's massive futures trades just before Trump's Iran strike pause announcement have sparked insider trading allegations from a US senator and a Nobel Prize-winning economist.

International Business Times UK

Polymarket opens pop-up bar for in person bets - but its first night was a bust

Polymarket’s ‘Monitoring the Situation’ bar was a three-day pop-up event in Washington, D.C.

The Independent UK

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Kalshi and Polymarket are using influencers to lure in the 50% who don’t bet on sports gambling sites: women

IN FOCUS: Prediction markets like Kalshi and Polymarket have shifted their business model to lure in younger women through a network of social media influencers, reports Rhian Lubin

The Independent UK

Iran oil insider trader concern after hundreds of millions are wagered minutes before Trump’s ‘peace talks’ post

Surge in global betting on energy markets seen on Monday morning 15 minutes prior to President Donald Trump’s Truth Social post announcing ‘productive’ talks with Iran

The Independent UK

Prediction Markets Make Drastic Changes After Lawmakers Introduce Bill to Reclassify Kalshi, Polymarket As Gambling Sites

Prediction markets such as Polymarket and Kashi face potential regulation as gambling sites

International Business Times

$70K Bet on US–Iran Ceasefire Sparks Insider Trading Fears on Polymarket

New Polymarket accounts have wagered $70,000 on a US–Iran ceasefire before March 31, sparking intense insider trading allegations. The bets appeared just before President Trump hinted at ending military operations. Analysts warn that prediction markets are becoming a controversial tool for war profiteering during the ongoing Middle East conflict.

International Business Times UK

Ignore the Haters—March Madness Is Alive and Well In Spite of Transfers and NIL

Plus: Tournament expansion looks like a terrible idea, enjoy baseball while you can, and the newest season of Shoresy

Reason

Trump news at a glance: president touts ‘strong talks’ with Iran that Iran says have not happened

Trump teased a deal could soon be reached to end his war on Iran, which Tehran denied – key US politics stories from Monday 23 March at a glance

The Guardian - US

Kalshi and Polymarket rush to ban insider trading as senators move to curb prediction markets

Kalshi and Polymarket are tightening their rules on insider trading as Congress appears to be moving closer to cracking down on prediction markets

The Independent UK

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Barchart

DraftKings Stock Is Challenging Its 20-Day Moving Average as Lawmakers Push to Limit Prediction Markets. Should You Chase the Rally Here?

DraftKings shares gain as U.S. lawmakers introduce a bipartisan bill to ban sports betting on prediction markets. Here’s why that warrants buying DKNG stock.

The Guardian - UK

Bets on US-Iran ceasefire show signs of insider knowledge, say experts

Number of new online accounts on Polymarket platform betting a total of $70,000 suggest ‘some degree of inside info’

The Independent UK

Move to ban sports betting on prediction sites sees bipartisan support

IN FULL

The Independent UK

Senators want to ban sports betting on prediction sites like Polymarket and Kalshi: report

Sens. Adam Schiff and John Curtis want to prevent the apps from allowing sports betting as the practice becomes more integrated in professional leagues

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news in one place.

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Fortune

Early Kalshi employees raising up to $35 million for a prediction market VC fund with backing from the CEOs of both Kalshi and Polymarket

Other investors include Marc Andreessen through the fund Moneta Luna and Micky Malka of the fintech investment firm Ribbit Capital.

Reason

Have an ICE Flight

Plus: Trump seems to back down from his Iranian ultimatum, Lindsey Graham is eager for another Iwo Jima, and more...

The Independent UK

Trump impeachment odds soar to record high 69% on popular online betting platform

This figure has steadily risen over time, growing from 33 percent the week after the election to 59 percent after his inauguration

Fortune

Kalshi locks in $22 billion valuation, gaining slight edge over its fierce rival Polymarket

The startup has doubled its valuation in about two months.

The Mary Sue

Polymarket Bar Is Coming to D.C.: “A sports bar for situation monitoring”

What could possibly go wrong?

Reason

$200 Billion War?

Plus: boots on the ground, The Bachelorette cancels season, Meta reverses itself on virtual reality, and more...

Fortune

'A month ago, no one would have believed this': June Fed rate hike odds just surpassed rate cut odds as stagflation fears grow

The Atlanta Fed’s Market Probability Tracker places the odds of a rate hike at about 15% within the next three months.

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Mohammad Bagher Ghalibaf

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