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Hyperliquid Bets Big on Prediction Markets With Permissionless HIP-4 Push


Hyperliquid told users on July 19 that its outcome markets product, known as HIP-4, will move to permissionless deployment in a coming network upgrade. The announcement came through the exchange’s Telegram channel. Hyperliquid said the rollout will happen in two stages. “HIP-4 (outcome...

Prediction Market Traders Turn Bearish on Clarity Act Becoming Law in 2026


Prediction market traders are betting against the Digital Asset Market Clarity Act becoming law in 2026, even as Kalshi bettors put strong odds on a Senate vote happening within weeks. On Polymarket, the market asking whether the Clarity Act (H.R. 3633) gets signed into law before December...

World Cup Betting Frenzy: $5.5B Wagers Back Spain to Crush Argentina


Two prediction market platforms are pricing the same outcome for Sunday’s World Cup final, with Polymarket and Kalshi bettors both putting Spain ahead of Argentina as the teams prepare to meet at Metlife Stadium in New Jersey. Kickoff is set for 3 p.m. EDT. On Polymarket, the World Cup winner...

Underdog Files First 7 Sports Contracts for Its Own Prediction Exchange


Underdog has filed the first seven sports event-contract templates for UDX, the federally regulated exchange it acquired in March. The filings target an initial listing no later than July 17, moving Underdog closer to controlling its own contracts rather than relying exclusively on outside...

US Lawmakers Propose Facial Age Verification Across Online Betting Markets


A bipartisan group of U.S. lawmakers wants online sportsbooks and prediction markets to scan users’ faces to estimate their age before allowing them to bet or trade. The proposal promises not to retain identities or biometric information, but its full text has not yet been published, leaving...

CFTC Blocks Kalshi From Cancelling Michigan Sports Trades Ordered Voided


The Commodity Futures Trading Commission has stopped Kalshi from liquidating sports event contracts that a Michigan court ordered cancelled and refunded. The intervention leaves Michigan’s restriction on new sports trades intact while opening a direct federal-state confrontation over who controls...

Kalshi Takes Tribal Sovereignty Fight to Ninth Circuit Over Sports Markets


Three California tribes have asked the Ninth Circuit to revive their bid to block Kalshi’s sports event contracts on tribal lands. The appeal opens a new front in the prediction market’s regulatory fight: whether its federal exchange status can shield it from tribal governments invoking federal...

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