Finance News
By Dan Saada
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Moomoo Joins Robinhood and Interactive Brokers on Kalshi. Moomoo, the retail broker, recently teamed up with Kalshi to bring prediction market contracts to…
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Wintermute and Galaxy Digital Move In From Different Angles. On the institutional side, Wintermute and Galaxy Digital are both active — but doing very…
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Sportsbooks Starting to Feel the Heat. Polymarket's World Cup volume is making traditional sportsbooks nervous.
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Prediction markets just had their biggest month ever. Trading volume hit $29.4 billion in May, driven by a wave of retail brokers, institutional desks, and even sportsbook…
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Kalshi alone accounted for $17.3 billion of that total. That's a staggering share — more than half the entire market — and it didn't happen by accident.
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And it's not just about adding a shiny new product. Brokers are clearly betting that event-driven contracts pull in a different kind of trader — someone who wants to take a view…
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Galaxy Digital went a different direction. The firm launched an OTC swap business specifically for prediction markets, and it's already handling large trades — a $10 million…
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The $10 million crypto legislation trade is worth sitting with for a second. That's not a speculative punt by a retail punter — that's a firm or fund taking a real position on a…
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Read also: Bitcoin ETF Outflows Hit $396M Over 13 Days as HYPE Funds Buck the Trend
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Polymarket's World Cup volume is making traditional sportsbooks nervous. Flutter has been broadening its betting options and promotions in response.
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Polymarket's combination contracts are part of what's drawing traders in. More flexibility, more ways to structure a bet or a hedge, more reasons to stay on the platform rather…
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It's a real competitive fight now. Prediction markets were a curiosity two or three years ago.
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One concrete example from the source: a New York bar used Kalshi contracts to offset the cost of running a promotion.
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Related: Banks and Advisors Quietly Buy Bitcoin ETFs as Pro Investors Dump in Q1 2026
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Liquidity infrastructure is getting more serious across the board. Market makers are putting more capital to work on public venues. OTC desks are building out.
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