Federal Court Halts Arizona's Action Against Kalshi
In a major regulatory victory for event contracts, a federal judge in Arizona has temporarily barred state officials from enforcing gambling laws against Kalshi. Siding with the Commodity Futures Trading Commission (CFTC), Judge Michael Liburdi ordered Arizona not to bring any criminal charges or enforcement actions under state law against the platform.
White House Warns Staff Over Insider Trading
As prediction markets gain mainstream traction, they are attracting intense scrutiny in Washington. The White House recently warned its staff against utilizing confidential information following suspicious Iran-linked oil futures bets and fresh scrutiny of prediction markets. The geopolitical tension has already impacted broader economic metrics, with headline inflation rising 0.9% last month driven by a sharp rise in energy costs due to the ongoing Iran war.
Binance Mounts Challenge in $20 Billion Market
Despite regulatory hurdles in the U.S., the sector continues to expand rapidly globally. On Thursday, Binance officially rolled out prediction markets for its app using Predict.fun. The crypto exchange is offering "gasless" trades as it mounts a direct challenge to incumbents like Kalshi and Polymarket, seeking a share of the $20 billion prediction market. For traders looking to navigate these new platforms and track volume, predictionmarketstools.com provides essential market analytics.
Traders Await Artemis II Splashdown and AI Job Forecasts
Beyond politics and finance, users are actively trading on science and technology outcomes. Prediction market users are currently awaiting the conclusion of the 10-day Artemis II lunar flyby mission, which is expected to end in a Pacific Ocean splashdown on Friday evening. Meanwhile, long-term tech forecasting continues to draw attention; a new multi-university study surveying 69 economists, 52 AI experts, and 38 superforecasters concluded that faster AI development will inevitably lead to fewer jobs.