Articles written by Daragh Thomas - Benzinga

Trump Administration Sues Illinois, Arizona, Connecticut To Shield Kalshi, Polymarket From Gambling Laws

Trump Administration Sues Illinois, Arizona, Connecticut To Shield Kalshi, Polymarket From Gambling Laws

The DOJ and CFTC sued Illinois, Arizona and Connecticut to block state gambling laws from applying to Kalshi and Polymarket. The lawyer leading the federal case previously represented Kalshi.

Elon Musk's Biographer Calls SpaceX IPO His 'Biggest Act'—And Makes A Daring Prediction

Elon Musk's Biographer Calls SpaceX IPO His 'Biggest Act'—And Makes A Daring Prediction

Musk biographer Walter Isaacson says the SpaceX IPO could lead to a full consolidation of Musk's empire.

North Korea Strikes Again: $285 Million Exploit Raises Questions For Circle

North Korea Strikes Again: $285 Million Exploit Raises Questions For Circle

Blockchain analytics firm Elliptic on Thursday flagged “multiple indicators” that North Korea’s state-sponsored hackers may be behind the $285 million exploit of Drift Protocol, the largest DeFi hack of 2026 so far that wiped out more than half of the Solana-based exchange’s total value locked.

A 7% Risk-Free Return On Nvidia? Prediction Markets Now Make It (Almost) Possible

A 7% Risk-Free Return On Nvidia? Prediction Markets Now Make It (Almost) Possible

Marex Group has created what appears to be the first structured note tied to a prediction market outcome, paying a 7% coupon if Nvidia stays the world's largest company.

Kalshi Labels Itself 'Gambling' In Federal Filing As California AG Challenges Prediction Market Oversight

Kalshi Labels Itself 'Gambling' In Federal Filing As California AG Challenges Prediction Market Oversight

Kalshi classified its product under "bookmaking services" and "sports betting" in a federal trademark filing. Meanwhile, California's attorney general says he "firmly disagrees" that federal oversight preempts state regulation of prediction markets.

Tesla Posts One Of Its Worst Sales Quarters In Years—Prediction Markets Saw It Coming

Tesla Posts One Of Its Worst Sales Quarters In Years—Prediction Markets Saw It Coming

Polymarket traders repriced Tesla's Q1 delivery miss days before Wall Street caught up. Here's what the prediction market chart revealed.

SpaceX Files For Largest IPO In History: Here's What Prediction Markets Say About $1.75 Trillion Valuation

SpaceX Files For Largest IPO In History: Here's What Prediction Markets Say About $1.75 Trillion Valuation

SpaceX just confidentially filed for the largest IPO in history. Here is how Polymarket traders are betting on the $1.75 trillion valuation and listing date.

Trading Trump's 9 P.M. Address: Nuclear, Epic Fury And The $2M Word Market

Trading Trump's 9 P.M. Address: Nuclear, Epic Fury And The $2M Word Market

President Trump is addressing the nation on the war in Iran at 9 PM ET. Kalshi traders have put $2 million on what he'll say.

Prediction Market Boom: Paradigm Builds Terminal As CFTC Talks To Major Sports Leagues

Prediction Market Boom: Paradigm Builds Terminal As CFTC Talks To Major Sports Leagues

CFTC Chairman Selig says the agency is in talks with all major sports leagues as Paradigm builds a prediction market trading terminal

Oracle Slashes Workforce To Help Pay For AI Data Centers, Analysts Estimate 30,000 Cuts

Oracle Slashes Workforce To Help Pay For AI Data Centers, Analysts Estimate 30,000 Cuts

Oracle has a solution to expand its AI capabilities: Fire thousands, borrow billions; Polymarket's AI Bubble contract climbs to 22%.

US Will Be 'Managing Instability For Some Time' As Energy Prices Remain Elevated, Former Under Secretary Of Defense Says

US Will Be 'Managing Instability For Some Time' As Energy Prices Remain Elevated, Former Under Secretary Of Defense Says

Former Undersecretary of Defense Michèle Flournoy warns that the Iran war will likely end with a hardened IRGC regime.

Gold Drops 15% From Record Highs But Standard Chartered Says Buy The Dip

Gold Drops 15% From Record Highs But Standard Chartered Says Buy The Dip

Standard Chartered says gold's 15% sell-off from record highs follows a pattern that typically reverses within weeks. Prediction markets may explain what comes next.

CNBC's Caruso-Cabrera Says Iran Is 'Just Buying Time' As Stocks Surge On Ceasefire Hopes

CNBC's Caruso-Cabrera Says Iran Is 'Just Buying Time' As Stocks Surge On Ceasefire Hopes

Caruso-Cabrera says Iran is "buying time" as stocks rally on ceasefire hopes.

Delta Picks Bezos Over Musk For Satellite Wi-Fi As SpaceX's $1.75 Trillion IPO Looms

Delta Picks Bezos Over Musk For Satellite Wi-Fi As SpaceX's $1.75 Trillion IPO Looms

Delta picks Amazon over SpaceX's Starlink for satellite Wi-Fi as Musk's rocket company eyes a $1.75 trillion IPO.

Google's Nobel Prize-Winning AI Chief: 'We Don't Feel Any Pressure' While OpenAI Burns $14 Billion

Google's Nobel Prize-Winning AI Chief: 'We Don't Feel Any Pressure' While OpenAI Burns $14 Billion

DeepMind's Hassabis feels no pressure on AI monetization. A new book reveals why Google's war chest may decide who wins the AI race.

Nike Earnings Prediction Market Preview: What Will Elliott Hill Say On The Earnings Call?

Nike Earnings Prediction Market Preview: What Will Elliott Hill Say On The Earnings Call?

Nike reports earnings tomorrow. Polymarket prices an 82% chance of an EPS beat while Kalshi's word-mention markets reveal what traders expect Elliott Hill to say.

Prosecutors Probe Polymarket As Traders Profit Off Iran War

Prosecutors Probe Polymarket As Traders Profit Off Iran War

DOJ probes into Polymarket and Kalshi could chill the booming prediction market. Here is what the regulatory crackdown means for $HOOD, $DKNG, and $FLUT.

'Big Short' Legend Steve Eisman Says Iran War Is Running The Entire Stock Market Right Now

'Big Short' Legend Steve Eisman Says Iran War Is Running The Entire Stock Market Right Now

Big Short' legend Steve Eisman says the Iran war is the only thing moving stocks right now. Here's what prediction markets and his expert guest say comes next.

CrowdStrike Gets Double Upgrade As Iran's Cyber Army Escalates Attacks

CrowdStrike Gets Double Upgrade As Iran's Cyber Army Escalates Attacks

CrowdStrike got a rare double upgrade as Iran's cyberwar escalates. Polymarket gives just 31% odds of a ceasefire by April.

OpenAI Kills Sora, Guarantees PE Firms 17.5% Returns As Anthropic Eats Its Enterprise Lunch

OpenAI Kills Sora, Guarantees PE Firms 17.5% Returns As Anthropic Eats Its Enterprise Lunch

OpenAI declares 'code red,' kills Sora, and offers PE firms 17.5% guaranteed returns as Anthropic's enterprise revenue doubles in weeks.