Polymarket is a prediction market that has traditionally provided an unregulated, offshore alternative to Kalshi. Its international site uses cryptocurrency for payment processing and a decentralized “oracle” to resolve contracts.
It was forced to stop serving American customers in 2022 following a settlement with the Commodity Futures Trading Commission. However, since the inauguration of President Donald Trump in 2025, the CFTC has taken a more permissive stance toward prediction markets and has certified a Polymarket subsidiary for entry to the regulated US market. It remains to be seen to what extent the product resembles Polymarket’s main site vs. something more like Kalshi.
Prediction markets allow users to buy and sell contracts that each pay out $1 based on whether or not a real-world event takes place. For instance, if public consensus is that a given politician has a 70% chance of winning an election, Yes shares for that politician might trade at 70 cents, and No shares at 30 cents. The market operator, like Polymarket, takes a commission on trades. As of 2025, the CFTC has permitted US prediction markets to offer contracts on sporting events, making them a more widely-available alternative to sportsbooks.
Popular poker cash game stream Hustler Casino Live (HCL) announced in an X post that it has entered into “a… Continue reading Polymarket and Hustler Casino Live Announce Partnership: Will Fans Soon Bet on Poker Stream Results?
Polymarket users already know who is going to win the National Heads-Up Poker Championship, yet many of them are betting against him.… Continue reading The National Heads-Up Poker Championship Has Turned Into a Bet on Polymarket’s Dispute Resolution Process
The National Hockey League (NHL) has announced a new agreement with Polymarket and Kalshi, making it the first U.S. professional… Continue reading NHL Signs Multiyear Deal With Both Kalshi and Polymarket
A still-live prediction market on Polymarket appears to have spoiled the winner of the National Heads-Up Poker Championship, a long-celebrated… Continue reading National Heads-Up Poker Championship Winner Revealed Prematurely by Polymarket
Polymarket recently opened trading on whether sports prediction markets will be banned in the U.S. this year. That’s an ironic… Continue reading Polymarket Ironically Opens Market Speculating on Own Legality in the U.S.
Kalshi announced today that it is now serving customers “globally,” in tweet from CEO Tarek Mansour that also boasted of $300 million in… Continue reading Kalshi Announces International Service Alongside $300 Million in New Funding — Which Countries Are Still Excluded?
Polymarket will receive $2 billion in investment and partnership opportunities with the New York Stock Exchange (NYSE) in a deal that seems bound to send… Continue reading Polymarket Strikes Landmark Deal With New York Stock Exchange Owner ICE, Including $2B Investment and Data Distribution
Predictions market lines on who will hold the title of “World’s Richest Person” at the end of 2025 have become… Continue reading Kalshi, Polymarket Lines on ‘World’s Richest Person’ Swing Wildly After Larry Ellison Briefly Takes the Top Spot
Yesterday’s announcement by the U.S. Supreme Court that it would fast-track Trump’s tariff case led to a brief but intense bout of… Continue reading Wild Single-Day Volatility on Kalshi Creates Arbitrage Opportunity as Supreme Court Fast-Tracks Trump Tariff Case
“Federal financial regulators are now on a mission to support predictions markets like Kalshi, not impede them, as made clear… Continue reading Statement on ‘Innovation’ by SEC and CFTC Signals Predictions Markets Are Here to Stay
