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Morning Edition · Saturday, November 14, 2026Published at 12:48 AM EST · New York
House Oversight Chair Comer Calls for Barring Officials From Prediction Markets as Kalshi Seeks a $65 Billion Valuation
Robinhood's October event-contract volume rose 136% while its crypto trading fell 48%, and Kraken's parent says lines of business outside crypto are reducing its revenue decline.
James Comer, the Republican chair of the House Oversight Committee, has called for new restrictions on prediction-market trading by government officials, including a possible outright ban, after his committee reviewed 1,700 pages of documen…
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Event Contracts Absorb Retail Speculation
Retail speculative flow keeps migrating from crypto trading to prediction-market event contracts, shifting exchange revenue and pulling the platforms into federal and state regulation.
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