New York and Illinois executive order banning prediction market trading by state employees to prevent corruption.
Bitcoin News

Prediction Markets Ban: New York and Illinois Crack Down on State Employee Insider Trading

New York and Illinois moved this week to block state employees from using prediction markets, citing a surge in insider trading risks. Governor Kathy Hochul signed an executive order on April 22, 2026, following Illinois Governor JB Pritzker’s similar action just days earlier. The orders aim to stop public officials from profiting on non-public information. […]

CFTC investigator reviewing oil futures trading data related to Iran policy announcements.
Bitcoin News

CFTC Investigation Exposes Suspicious Oil Trades Before Key Iran War Announcements

WASHINGTON, D.C. — Federal regulators are examining whether traders had advance knowledge of Trump administration decisions on Iran, according to a new report. The Commodity Futures Trading Commission (CFTC) has launched an investigation into suspicious oil futures trades that occurred just minutes before two major policy announcements in March and April 2026. This CFTC investigation […]

Polymarket prediction result shown on a Google News search page before removal.
Bitcoin News

Polymarket’s Google News Appearance Sparks Debate Over Prediction Market Legitimacy

Polymarket, a blockchain-based prediction market platform, briefly surfaced in Google News search results alongside major publishers like Reuters before being swiftly removed. According to a report by The Verge on April 11, 2026, a Google spokesperson called the appearance an error. This incident has ignited fresh discussion about how tech giants classify and regulate emerging […]

A trader contemplates the income potential of Polymarket prediction markets versus a traditional day job.
Bitcoin News

Polymarket Traders Face Stark Reality: Data Reveals Only 0.015% Can Replace a Full-Time Salary

New data delivers a sobering message for retail participants in crypto prediction markets: the dream of quitting a day job to trade full-time remains out of reach for the overwhelming majority. Analysis of Polymarket trading activity shows that while some users post profits, only a microscopic fraction achieve earnings large and consistent enough to rival […]

Trader analyzing prediction market data and crypto charts for real-time geopolitical risk assessment.
Bitcoin News

Prediction Markets Surge as Vital Real-Time Macro Radar for Crypto Traders Amid Iran Tensions

As geopolitical tensions flared in the Middle East in early 2026, a new type of financial signal captured the attention of professional trading desks. Prediction markets, where users bet on specific event outcomes, began moving faster than traditional news cycles. According to analysis from Sygnum Bank, these platforms have evolved from a niche curiosity into […]

A judge's gavel symbolizing the Nevada court ruling against Kalshi's prediction market contracts.
Bitcoin News

Nevada Judge Crushes Kalshi’s Defense, Extends Ban on Event Contracts as Illegal Gambling

A Nevada judge has dealt a significant blow to prediction market platform Kalshi, extending a ban on its operations in the state and flatly rejecting the company’s argument that its products are regulated financial instruments, not gambling. Judge Jason Woodbury’s ruling on April 1, 2026, in Carson City supports the Nevada Gaming Control Board’s position […]

Polymarket prediction market interface showing a market removal notice on a computer screen.
Bitcoin News

Polymarket Scrutiny: Platform Pulls Missing Pilot Market After Fierce Backlash

Polymarket, a major cryptocurrency-based prediction market, faced intense criticism and removed a market speculating on the fate of a missing US service member. The platform cited “integrity standards” but provided no specific rule violation, sparking user confusion and highlighting ongoing regulatory gray areas for these speculative platforms. Polymarket removes controversial military market On April 3, […]

CFTC enforcement director David Miller warns about prediction market insider trading during a regulatory announcement.
Bitcoin News

Prediction Market Insider Trading Crackdown: CFTC’s Top Cop Issues Stern Warning

NEW YORK, April 1, 2026 – The top enforcement official at the U.S. Commodity Futures Trading Commission (CFTC) has delivered a blunt message to participants in prediction markets: insider trading laws apply, and violators will be prosecuted. David Miller, the CFTC’s Director of Enforcement, directly challenged what he called a pervasive “myth” during a panel […]

A trading desk monitor shows prediction market data and geopolitical odds, illustrating the surge in event contract trading.
Bitcoin News

Prediction Markets Explode: $23.7B March Surge Fueled by Geopolitical Bets and Mainstream Buzz

Transaction volumes on blockchain-based prediction markets have skyrocketed this month, hitting a staggering $23.7 billion in notional trading volume for March 2026. This represents a massive leap from the $1.9 billion recorded during the same period last year. The surge is largely driven by intense user interest in contracts tied to U.S. politics, global conflicts, […]