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Prediction markets hit $53 billion as Kalshi and Polymarket gambling status stays contested
- Prediction markets hit $53 billion as Kalshi and Polymarket gambling status stays contested — Combined Kalshi and Polymarket volume rose from under $2 billion a month in mid-2025 to roughly $53 billion in July 2026, according to the analysis. It notes courts remain split, with federal derivatives rulings supporting CFTC oversight and recent Ninth Circuit decisions backing state and tribal gaming arguments in some cases. (CCN)
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