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<\/a><\/p>\nWhy is this the case? That\u2019s not entirely clear. One possible explanation is simply that it\u2019s something to bet on when North American sports aren\u2019t going on. The games take place in the morning or in midday in the US.<\/p>\n
During most recent days, a single match has often gotten into the top five events by trading volume. It\u2019s on par with moneyline trading on many NBA playoff games, for instance. Here\u2019s a look at April 18:<\/p>\n
The moral of the story: People like to bet on sports, no matter what time of day.<\/p>\n You can\u2019t pause current events when your payments can\u2019t keep up. With every failed deposit or lengthy withdrawal process, customers lose trust in your brand. And when money doesn\u2019t move fast enough, your liquidity suffers. PayNearMe\u2019s PayXMTMplatform is purpose-built for Payment Experience Management<\/a>, giving you the fast, familiar payment options your customers want while streamlining back-end operations for your team. Get real-time payments for real-time events\u2014from one simple integration.<\/p>\n For Monday, April 20, at Kalshi:<\/p>\n Trend line for daily volume: <\/p>\n Polymarket US volume on Sunday: $23.7 million<\/p>\n Kalshi, Polymarket Expand Crypto Push With Perpetual Futures (Bloomberg)<\/a>: \u201cKalshi Inc. and Polymarket are getting closer to launching new products that will take them deeper into crypto trading with so-called perpetual futures. Kalshi plans to launch the product, tied to the prices of cryptocurrencies, in the coming weeks, according to a person familiar with the plans who was not authorized to discuss non-public information. The products will be Kalshi\u2019s first foray beyond the event contracts it offers on its prediction markets.\u201d<\/p>\n ICYMI:<\/p>\n From the New Jersey vs. Kalshi case:<\/p>\n Daniel Wallach@WALLACHLEGAL<\/p>\n New Jersey will not be seeking rehearing of the Third Circuit decision affirming the preliminary injunction issued in favor of Kalshi. Deadline was yesterday. NJ has until July 6th to file a SCOTUS cert petition, although deadline can be extended by up to 60 days for good cause. <\/p>\n 1:42 PM \u00b7 Apr 21, 2026 \u00b7 4.36K Views<\/p>\n 3 Replies \u00b7 5 Reposts \u00b7 8 Likes<\/p>\n <\/a><\/p>\n Gov. Pritzker bans state workers from using insider information on prediction market apps like Kalshi (Chicago Sun-Times)<\/a>: \u201cIllinois Gov. JB Pritzker on Tuesday signed an executive order barring state employees from using insider information to bet on prediction market apps, joining six other states that have moved to either restrict or regulate the burgeoning betting field.\u201d<\/p>\n Press release here<\/a>: Today, Governor JB Pritzker issued Executive Order 2026 \u2013 04 to strengthen guardrails across state government, prohibiting state employees from using nonpublic information to participate or assist any person in prediction markets and event-based contracts. Illinois is doubling down on its commitment to a transparent and ethical government by bolstering its current state laws to prevent insider trading amid the rapid growth of online prediction markets and event-based gambling contracts.<\/p>\n \u201cPrediction markets have rapidly grown into a space where people can bet on real-world events without any oversight, including events people can influence,\u201d said Governor JB Pritzker. \u201cThis opens the door to insider trading and abuse of confidential information. While the Trump Administration continues to be riddled with stories of appointees looking to make a profit, Illinois is stepping up to ensure those who are serving the public not their own personal financial gain.\u201d<\/p>\n ProphetX Releases Comments to CFTC on Prediction Markets Rulemaking (press release): ProphetX \u2026 submitted a comment letter<\/a> to the U.S. Commodity Futures Trading Commission (CFTC) in response to the Commission\u2019s Advance Notice of Proposed Rulemaking (ANPR) on Prediction Markets. ProphetX welcomes and supports the Commission\u2019s efforts to establish a clear, durable federal regulatory framework for sports event contracts and the broader prediction markets industry.<\/p>\n \u201cWe are asking the CFTC to use the exclusive statutory authority Congress has given it to both preempt state action against nationwide derivatives markets and establish a framework that puts investors first, supports innovation, and allows event contract markets to continue to grow,\u201d said ProphetX CEO and Co-Founder Dean Sisun. \u201cProphetX looks forward to leveraging our deep experience with sports event markets to partner with the CFTC and its staff throughout the rulemaking process.\u201d<\/p>\n Kalshi Research Partners with ProCap Financial to Bring Prediction Market Data to Investment Research (press release): ProCap Financial, today announced a partnership with the research arm of Kalshi, the world\u2019s largest prediction market, to create a new category of investment research focused entirely on real-time prediction market data. This is the first time Kalshi has provided its data to a financial research provider with paying subscribers.<\/p>\n The new prediction market research product will be available through ProCap Financial\u2019s research offering, ProCap Insights<\/a>, which deploys AI agents to analyze mountains of data, pressure test conclusions through agentic debate, and agentically write research reports. ProCap Insights will create reports on individual prediction markets, various platform trends, data-driven investment strategies, mispriced market contracts, and Kalshi-specific data reports. \u2026<\/p>\n \u201cKalshi Research\u2019s prediction market data paired with our AI agents is a powerful combination,\u201d said Anthony Pompliano, Chairman and CEO of ProCap Financial. \u201cIndependent investors have never had access to a research engine like this. By combining real-time market signals with AI-driven analysis, we\u2019ll deliver sharper insights to help investors make smarter decisions in the growing industry of prediction markets. Our goal has always been to help independent investors make money, and this partnership brings us one step closer to delivering on that.\u201d<\/p>\n \u201cPrediction markets turn uncertainty about real-world events into actionable signals,\u201d said Tarek Mansour, co-founder and CEO of Kalshi. \u201cWe\u2019re partnering with ProCap Financial to bring wisdom-of-the-crowds intelligence directly to financial research, so both retail and institutional investors can benefit from this data and analysis.\u201d<\/p>\n Prediction Markets Step Up Lobbying to Fight Stricter Rules (Bloomberg\/Yahoo Finance)<\/a>: \u201cLeading online platform Kalshi, alongside crypto and sports gambling companies that have launched their own prediction markets, are hiring teams of lobbyists as Congress eyes a crackdown on the multibillion-dollar industry. Together, the companies spent at least $1.84 million on lobbying during the first quarter of 2026. That\u2019s a record amount, up more than 60% from the $1.1 million the industry spent during the same quarter last year.\u201d<\/p>\n Prediction markets as a public health threat (Science.org)<\/a>: \u201cFor decades, economists and computer scientists championed online academic and institutional prediction markets (PMs) as elegant instruments of collective intelligence. Yet a 2024 federal court ruling legalizing event-based political contracts on commercial PMs in the US catalyzed a qualitative shift. Whereas academic and institutional PMs continue to serve research-oriented forecasting purposes, the broader PM landscape has expanded to include gamified, large-scale digital trading platforms enabling continuous, real-time global participation across jurisdictions, some operating on crypto-based infrastructure and optimized for engagement over epistemic rigor.\u201d<\/p>\n \u201cContemporary discourse on PMs now primarily denotes these commercial platforms rather than their long-standing academic counterparts. We discuss below what we see as three main areas of concern regarding the structural features and rapid institutionalization of these commercial PMs: democratic manipulation, gambling-like design, and public health concerns. Many commercial PM advocates claim scientific credibility while flouting the very principles and evidence on which that credibility depends.\u201d<\/p>\n Investors are valuing Polymarket $7 billion less than archrival Kalshi\u2014and crypto could be one reason why (Fortune)<\/a>: \u201cThe prediction market space is one of the fastest growing in finance. Two years ago, Polymarket reportedly raised funds at a $350 million valuation. Today, the platform is in talks to raise funds at a valuation of $15 billion, The Information reported<\/a>. But the windfall may be made a little less sweet by the success of Polymarket\u2019s bitter rival, Kalshi, which was most recently valued at $22 billion.\u201d<\/p>\n Taxation of Sports Event Contracts (KPMG)<\/a>: \u201cThe explosion of sports event contracts on prediction markets\u2014driven by platforms like Kalshi, Polymarket, Crypto.com, and the CME\u2014was arguably the most disruptive gaming and financial development of 2025. While these platforms have unlocked massive new audiences, they have also ignited fierce regulatory scrutiny and deeply fractured the industry. The fallout is already visible, highlighted by multiple ongoing legal cases and recent decisions from major stakeholders to exit the American Gaming Association. Part of navigating this volatility also means understanding the potential tax implications involved. This article takes a deeper dive into the high-stakes tax landscape of prediction markets and how that may impact the bottom line for investors, market makers, and operators.\u201d<\/p>\n I created a database of startups in the prediction markets industry of companies that asked to be listed. That\u2019s below. <\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/p>\n<\/p>\nIntroducing The Prediction Market Startups Database<\/a><\/p>\n