Coinbase announced on 16 June that it was adding multi-event combinations and interval-based crypto trades to its prediction market offering in the US. The company said customers could trade predictions over intervals from 15 minutes to annual periods, including on Bitcoin, Ether and Solana.
The additions expand Coinbase’s prediction market products across event combinations and timed cryptocurrency outcomes.
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Seven House Democrats, led by Representative Chris Pappas, asked House Oversight Committee chair James Comer on Monday for subpoena power to investigate possible insider trading tied to prediction markets and US military operations. Their request follows allegations about trades ahead of military actions and a separate case involving a soldier accused of using confidential information; the lawmakers cited earlier calls for the Commodity Futures Trading Commission to restrict contracts linked to death or armed conflict.
The NFL urged the Commodity Futures Trading Commission in a 29 March letter to discourage prediction-market operators from listing trades on officiating, injuries and other events vulnerable to manipulation. CFTC chairman Michael Selig said the agency would likely prohibit injury-related contracts where it identifies manipulation risks.
The NFL urged prediction-market platforms, including Kalshi and Polymarket, to stop offering trades on events that could be manipulated or known in advance, according to an official letter. The league raised concerns about officiating, injuries, draft outcomes, broadcaster mentions and celebrity attendance. Polymarket said it would work with sports leagues on integrity safeguards.
Gemini and Apex Fintech Solutions signed a letter of intent to distribute Gemini’s crypto event contracts to brokerage customers. Under the proposed arrangement, Gemini Titan would be the exclusive CFTC-regulated venue for crypto contracts offered through Apex’s Futures Commission Merchant, while other contract categories could be developed on a non-exclusive basis. The companies expect to finalise details in the coming weeks.
A coalition comprising more than 100 tribal leaders seeks US Senate backing for prediction market provisions in the Clarity Act, citing Bloomberg Government. The leaders aim to obtain amendments before Tuesday’s procedural vote. The proposed legislation would widen the CFTC’s remit over digital assets and event contracts.
A coalition of more than 100 tribal leaders is seeking to add prediction market provisions to the Senate's pending Clarity Act ahead of a procedural vote on the bill on Tuesday, according to Bloomberg Government. The leaders are expected to begin meeting lawmakers on Capitol Hill on Tuesday, the report said.