On Polymarket, the probability that ROBO's FDV exceeds $200 million on its second day of trading is 69%

U.S. CFTC Chair: Blockchain prediction markets could become "truth machines," with clear regulatory rules coming soon

CFTC Chairman Michael Selig at the FIA conference supported blockchain-based prediction markets, calling them "truth machines" that can improve transparency and accountability. He believes these markets are more reliable than traditional polls and will provide clearer event contract rules.

Kalshi loses lawsuit against Ohio sports betting case, CFTC federal jurisdiction argument rejected by court

The Federal Court of Ohio dismissed Kalshi's injunction request, ruling that the CFTC's exclusive jurisdiction over sports event contracts and the federal law preemption argument are both unsubstantiated, and noting that the CFTC's inaction does not prove that the contracts are federally regulated. Kalshi expressed disagreement with the ruling and will appeal. This decision strengthens state-level regulation of prediction markets and could impact the future legal framework of the industry.

Hyperliquid HIP-4 launches on the testnet, with plans to introduce a one-day expiration binary prediction market for BTC and HYPE.

Hyperliquid announced the official launch of HIP-4 on the testnet on March 11, introducing the first batch of cyclical binary options markets based on HyperCore's spot prices. The contract is fully collateralized, featuring nonlinear payoffs and expiration characteristics. Future plans include launching one-day expiration markets for BTC and HYPE, as well as multi-outcome markets. The network upgrade will expand the scope of portfolio margin applicability and set limits on the supply and lending of USDH.

A certain prediction market platform collaborates with Palantir and TWG AI to build a sports prediction market monitoring system

Gate News Announcement: On March 11, a prediction market platform partnered with Palantir and TWG AI to jointly develop a monitoring system aimed at detecting suspicious transactions and manipulation in sports prediction markets. The system will utilize Palantir's data infrastructure and TWG AI's analytical tools to monitor trading activities, identify abnormal trading patterns, screen participants, and generate compliance reports that can be shared with regulatory agencies or sports leagues. This move comes at a critical time when prediction markets are facing scrutiny over insider trading allegations.

U.S. court denies Kalshi's temporary restraining order request, stating Congress does not intend to exclude the applicability of state gambling laws

The Ohio State Court in the United States ruled that Congress did not intend to prioritize federal law over state sports betting regulations and dismissed the temporary restraining order application from prediction market platform Kalshi. This case will impact the legality of prediction markets and future regulation.

Polymarket, Peter Thiel's Palantir Eye 'Surveillance Models' for Sports Prediction Markets

In brief Polymarket is creating surveillance systems for sports-focused prediction markets with Palantir, the firm known for its work with the U.S. military. The initiative comes as lawmakers have called out suspicious trading activity on markets related to U.S. military efforts, while