Kalshi Expands with Midterm Hubs and Institutional Tools
Prediction market platform Kalshi is making an aggressive push ahead of the upcoming U.S. elections, launching new "Midterm Hubs" to establish itself as the primary source for election odds, according to CoinDesk. The retail expansion is being matched by significant institutional upgrades. Today, a new integration with Talos was announced, providing institutional clients direct access to Kalshi’s event contracts and crypto perpetuals through existing trading infrastructure, as reported by Cointelegraph. For traders looking to navigate these expanding platforms, predictionmarketstools.com offers essential tracking and analytics resources.
CLARITY Act Odds Surge on Polymarket
In Washington, the regulatory landscape for prediction markets is showing signs of movement. During a recent House subcommittee hearing, a testifying lawyer suggested that the proposed CLARITY Act could grant the Commodity Futures Trading Commission (CFTC) the specific authority required to manage the "explosive growth of prediction markets," Cointelegraph reports. Bettors are increasingly optimistic about the bill's future; odds of the CLARITY Act passing this year jumped to 43% on Polymarket, up from record lows just last week. CoinDesk notes the surge follows unverified reports of an agreed-upon ethics deal involving the White House and Senate Republicans, a development that also helped Bitcoin briefly reclaim the $66,000 level.
Robinhood and Hyperliquid Capitalize on Market Growth
The financial sector is rapidly adjusting to the profitability of the prediction sector. Analyst Gautam Chhugani at Bernstein recently raised Robinhood's price target from $130 to $160. According to The Defiant, Chhugani argues that Robinhood's prediction-market revenue is on track to overtake its entire crypto trading business by the second quarter. Meanwhile, decentralized platforms are also innovating; Hyperliquid announced plans to open HIP-4 prediction markets backed by a 500,000 HYPE stake, allowing deployers to set fees up to 50% while facing slashing risks for poorly defined markets.