DeFi Rate

Kalshi delisted sports, elections & entertainment markets in Nevada Saturday after a state court issued a TRO that can't be appealed. It's the first U.S. state to force Kalshi to shut down any markets. April 3 is its first shot back in. h/t @WALLACHLEGAL defirate.com/news/kalshi-fo…

Kalshi's valuation skyrocketed from $2B → $22B in 9 months. -Backed by Coatue in the latest $1B+ round, fueled by record sports trading, and pulling in institutional flow. -Can @Kalshi protect and extend its lead as the market evolves? Full breakdown👇 defirate.com/news/kalshi-ro…

Stablecoin yield is “99% of the way there” but key definitional debates rage on. “Calling it rewards or staking doesn’t really hold up...” -@KevLeht Why banks are pushing back & precise Clarity Act language is critical. Story👇 defirate.com/news/stablecoi…

By partnering with @Polymarket & signing a first-of-its-kind MOU for info sharing with the @CFTC, the @MLB pulls prediction markets more squarely into the institutional sports integrity framework. Baseball joins NHL, MLS & UFC. Who will be next? More👇 defirate.com/news/mlb-partn…

CFTC @phantom no-action letter opens new distribution layer for #PredictionMarkets & unlocks "an open ecosystem where developers can build amazing, integrated user experiences without having to become registered exchange operators themselves.” Story👇 defirate.com/news/phantom-n…

After Trump missed a key endorsement deadline in Texas, prediction markets are pricing a close Senate GOP runoff: • Cornyn ~60–62% • Paxton ~38–40% $20M+ in volume & thin win margin forecasts point to a tight race as late endorsement risks looms. defirate.com/news/texas-sen…

We're excited to announce 'The Situation Room' by Polymarket is coming to Washington, D.C. The world's first bar dedicated to monitoring the situation. 🧵

The @CFTC just kicked off a 45-day comment period on prediction market rulemaking (deadline: April 30). Kalshi's lawyers held a public webinar on what it means and what operators should be doing now. Full breakdown here: defirate.com/news/inside-cf…

Arizona escalated its fight against prediction markets, filing criminal charges vs Kalshi for "running an illegal gambling operation and taking bets on Arizona elections." DraftKings & FanDuel's move to not offer predictions in AZ has paid off so far: defirate.com/news/arizona-a…

@SardisGazette No, it says ESPN account. Each contest is different. You can enter all of them if you like. Kalshi requires a Kalshi account and ESPN requires ESPN account. The links to each contest are listed in the table. Hope this helps. defirate.com/news/best-marc…

Kalshi is offering $1 billion for a perfect March Madness bracket — the largest prize in bracket contest history. $1 million guaranteed for the highest scoring bracket. $1 million to charity of choice and a $500K grant to iMentor. defirate.com/news/best-marc…

Over $200M was traded on Oscars prediction markets across @Kalshi and @Polymarket. -Markets correctly predicted the winner in 19 of 24 Academy Award categories. -A tie for Best Live Action Short Film exposed key settlement differences. Full recap👇 defirate.com/news/predictio…

Milbank, the white-shoe law firm defending Kalshi in court, is hosting a webinar tomorrow (3/17/2026) on CFTC rulemaking. Signup page below.

Kalshi hit a record $2.93B notional volume last week, riding NCAAB conference tourneys (& NBA). @Polymarket dipped 6.1% but grew in Politics/Elections, Entertainment (Oscars) & Climate volume. Could @Kalshi hit $3.5B weeks during @MarchMadnessMBB? 🏀 defirate.com/news/kalshi-po…

A $50M USDT swap for AAVE returned just 324 tokens (~$36K). No hack. No exploit. No bug. Just a brutal lesson in price impact, DeFi UX, and why a checkbox may not be enough guardrail for institutional-sized trades. Full story👇 defirate.com/news/a-50m-les…

The @CFTC just launched formal rulemaking for prediction markets and issued new guidance around manipulation and sports contracts. The move opens a 45-day public comment period for stakeholders to weigh in. Full breakdown👇 defirate.com/news/cftc-laun…

Five bills, five different ideas for regulating #PredictionMarkets. Proposals cover: • Insider trading by officials • Sports markets • War & death contracts • Election/government markets • State opt-outs A look at the competing approaches 👇 defirate.com/news/congress-…

Today, we're taking action by releasing clear guidance for prediction markets that will help exchanges understand the @CFTC's expectations for new contract listings. We're taking on the responsibility of making sure there are transparent rules of the road for the asset class. Watch more on @SquawkCNBC ⬇️📺

Crypto has offered stablecoin rewards for years & Mastercard just signed 85 new crypto partners. But banks are still telling Congress rewards are an existential threat. Our take on today's @Mastercard announcement and what it means for the CLARITY Act: defirate.com/news/mastercar…