Happy Friday!
The subject at the top of everyone’s mind in the world of prediction markets: insider trading.
This is in the aftermath of two Israeli intelligence officers using insider knowledge to profit from Polymarket trades.
More developments in the sports-event contract world. The MLB is officially considering a partnership with prediction markets, and Kalshi enters the sports insurance game.
Have a blessed Friday.
Headline Review: The five biggest stories in the world of prediction markets over the past 24 hours. Not affiliated with any of the original news outlets covering these stories.
First "Insider Trading" Charges on Polymarket (full story).
MLB Officially Considering Prediction Market Partnerships (full story).
Kalshi partnered with Game Point Capital to enter the sports insurance/reinsurance market (full story).
Bloomberg talked regulation with the Chairman of the CFTC (the committee that regulates prediction markets). Podcast link here.
Kalshi CEO struggled to define insider trading (full story).
Whale Watch: the 5 largest trades ($100k minimum, non-sports) over the past 24 hours across Kalshi and Polymarket
229k purchase (YES): Will Trump next nominate Kevin Warsh as Fed Chair?
142.5k purchase (YES): Will Trump next nominate Kevin Warsh as Fed Chair?
Market Maker: 5 new unique (i.e. non repeating) markets added to Kalshi and Polymarket over the past 24 hours
Politics - How many government shutdowns this year? (Kalshi)
Tech - OpenAI IPO Closing Market Cap (Polymarket)
Finance - Top performing Magnificent 7 company week of February 9? (Polymarket)
Politics - Will Washington state establish a millionaire's tax? (Kalshi)
Economics - How many jobless claims during the week ending Feb 14? (Polymarket)
Thought I missed anything?
Have anything fresh off the prediction market desk you want to share?
Hit me up on X or Instagram (@readanomaly).
Javier
(written in Nashville, TN, USA at 8:06 AM CST)