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Portugal's gambling regulator ordered cryptocurrency prediction market Polymarket to cease operations after more than €5 million surged into presidential election markets hours before official results were announced. The Serviço de Regulação e Inspeção de Jogos confirmed to Portuguese broadcaster Re

High Roller Technologies signed a binding letter of intent with Crypto.com Derivatives North America to launch event-based prediction markets in the United States, targeting a first-quarter 2026 launch. The online casino operator will offer prediction market contracts through its HighRoller.com plat

Tennessee became the ninth state to order prediction market platforms to cease sports betting operations. The Tennessee Sports Wagering Council sent cease-and-desist letters January 9 to Kalshi, Polymarket and Crypto.com. Kalshi filed a federal lawsuit the same day. Platforms must refund Tennessee u

Charles Schwab CEO Rick Wurster said prediction markets have devolved into "95% sports gambling," marking a sharp departure from their original purpose as portfolio hedging tools. The comments come as platforms face legal challenges in 10 states over whether they constitute regulated sports betting.

Coinbase on Monday announced it has acquired** The Clearing Company**, a move that places the lesser-known prediction markets firm at the center of the crypto exchange’s latest push to expand into event-based trading. What Happened The transaction comes shortly after Coinbase rolled out access to pr