Polymarket
CompanySecurity timeline
- In the news by CryptoPotatoBitcoin falls below $65,000 as leveraged liquidations and Fed hike odds weigh on markets
- In the news by The BlockCFTC sues Louisiana to block order banning 31 prediction markets
- In the news by BeInCryptoHouse memo urges limits on officials' prediction market bets
- In the news by CryptopolitanCFTC escalates prediction-market fight as states bring criminal charges
- In the news by UnchainedDonald Trump Jr. leaves Kalshi advisory role but keeps Polymarket post
Recent news
Bitcoin falls below $65,000 as leveraged liquidations and Fed hike odds weigh on markets
Bitcoin fell from around $81,000 to under $65,000, with an intraday low of $65,020, as excessive leverage led to over $500 million in liquidations on Saturday alone, 94% of them longs. Ted Pillows found no evidence of large sell-offs above $50 million, and wallets linked to Erik Voorhees bought nearly $100 million of ETH over four days. Markets also priced in a near-certain December Fed rate hike, according to CME Fedwatch, Kalshi and Polymarket.
CFTC sues Louisiana to block order banning 31 prediction markets
The CFTC has sued Louisiana to block a state judge's order that bans 31 prediction markets, including Kalshi and Polymarket, within the state. Louisiana's attorney general hit back by calling the CFTC chair an 'obsequious standard bearer' for prediction markets. The dispute is a clear clash between federal and state authority over these platforms.
House memo urges limits on officials' prediction market bets
A November 13 memo from House Oversight staff asks Congress to ban or tightly limit officials in all branches from trading on government and political prediction market contracts, even without inside information. The memo cites three CFTC cases, including a $1.2 million trade on Polymarket.com that the CFTC alleges used nonpublic search data. The Senate already barred senators and their staff in April, and the Department of War has barred personnel from using prediction markets for personal gain.
CFTC escalates prediction-market fight as states bring criminal charges
CFTC chair Michael Selig says state criminal charges against prediction-market executives are "really egregious", and the CFTC has sued Louisiana after a state judge ordered more than 30 CFTC-linked companies to stop operating there. Utah filed felony charges against Kalshi and its two cofounders in October, and 44 state attorneys general argue that sports contracts are not derivatives. New Jersey has asked the Supreme Court to decide whether the Dodd-Frank Act blocks states from enforcing gambling laws against these contracts, and the appeals courts are split. Selig says the CFTC has exclusive jurisdiction.
Donald Trump Jr. leaves Kalshi advisory role but keeps Polymarket post
Kalshi and Donald Trump Jr. have mutually ended his advisory role, after his firm 1789 Capital invested in rival Polymarket this summer. Trump Jr. still advises Polymarket, which he joined in August 2025. The move came a week after Democrats won both chambers of Congress, and Senator Elizabeth Warren, expected to take control of the Senate Banking Committee in January, has listed Trump family crypto businesses and prediction markets among early oversight targets.