Your signal. Your price.
Garrison Davis reports that CNN and CNBC partnered with Calshi, an online political betting platform, to integrate its real-time betting data into news segments, while Polymarket partnered with X and Yahoo Finance.
Calshi is regulated by the Commodity Futures Trading Commission (CFTC) as a platform for trading financial derivatives, not gambling, while Polymarket was fined $1.4 million by the CFTC in 2022 for operating as an unregulated exchange and was banned from US users until recently.
Polymarket has seen significant growth, with monthly trading volume increasing from $3 million in April 2023 to $3.7 billion in the last month, driven by US presidential election betting despite bans in several countries.
Shane Copeland, Polymarket CEO, believes insider trading can be beneficial for prediction markets by increasing accuracy, despite the lack of clear regulatory mechanisms or protections for users and the encouragement of such behavior.
Donald Trump Jr. became a strategic advisor at Calshi in January 2025 and later his venture capital firm invested in Polymarket, shortly after which the CFTC announced it would allow Polymarket to operate in the United States.