Wall Street Is Already Betting on Prediction Markets

Wall Street Is Already Betting on Prediction Markets

As the legal war over how to regulate prediction markets rages on, financial institutions are embracing the industry anyway.

Polymarket’s Iran surge helps trigger Washington’s crackdown bill

After billions in bets on a U.S.–Iran strike and an insider scandal on platforms like Polymarket, Democrats push the DEATH BETS Act, targeting prediction markets that trade on war, terror and death. Prediction markets just ran into Washington’s moral panic.…

Polymarket Grabs Nearly 55% of Prediction Markets as Iran Bets Test CFTC Crackdown

Polymarket has generated 62.3 billion dollars in notional trading volume over the past three years, giving it a 54.5% share of the 114.4 billion‑dollar prediction markets segment tracked by Token Terminal. Kalshi ranks second with 52 billion dollars in three‑year notional volume, underscoring how the two venues now dominate on‑chain and regulated event trading.According to Token Terminal’s market breakdown, prediction markets as a whole have cle…

Iran War Bets Fuel Prediction Market Surge as CFTC Rule Fight Intensifies

Prediction market activity on Polymarket and Kalshi soared to a new all-time high, as commodities regulators are seeking to introduce new legislation tied to these platforms.

Iran War Bets Near $700M as Washington Eyes Prediction Market Crackdown

This article was first published on Deythere. The scramble around Iran-linked contracts has pushed prediction markets into a different class of political risk. What once looked like a fast-growing corner of crypto and fintech now sits closer to a regulatory fault line, where public interest, national security, and market design all collide. Recent reporting showed heavy trading on contracts tied to the timing of military action and leadership ch…