News

Bernstein Sees Robinhood Prediction Market Revenue Hitting $1.7B by 2028

A Bernstein analyst says Robinhood’s prediction market business could reach $1.7 billion in revenue by 2028, driven in part by heavy World Cup event-contract volume on Rothera.

Study links legal online sports betting to lower household savings

Researchers say legal online sports betting is associated with lower long-term savings and, for some households, higher debt.

Polymarket refers nearly 100 wallets to authorities amid insider-trading concerns

Polymarket says it has referred nearly 100 suspicious wallets to law enforcement after heightened monitoring, as outside analysis flagged about $200 million in 2026 trades for characteristics associated with possible insider activity.

Washington judge blocks Kalshi sports prediction markets, with order delayed until Aug. 5

A Washington state judge granted a preliminary injunction blocking Kalshi from offering sports-related prediction markets to residents, though the order will not take effect before Aug. 5.

Robinhood lists Florida primary prediction markets for 2026 statewide and congressional races

Robinhood has published a Florida-focused prediction markets page showing 2026 nomination contract probabilities for statewide offices and congressional districts, including governor and U.S. Senate races.

House hearing to examine who should regulate sports prediction markets

A U.S. House subcommittee is hearing competing testimony on whether sports prediction markets should stay under federal commodities oversight or be treated as sports betting regulated by states and tribes.

Congress weighs whether sports prediction markets need tighter regulation

Congress is examining whether sports prediction markets should remain under CFTC oversight or face rules closer to traditional sports betting, as debate grows over consumer protections, state authority, and responsible gambling standards.

CFTC issues fresh warning to prediction markets over broad self-certifications

The CFTC has again warned prediction-market operators not to use broad template filings for event contracts, saying exchanges must submit contract-specific terms, settlement methods, data sources and compliance analysis.