Betting Industry

Hyperliquid vs Binance: which perps exchange is cheaper, and which is safer, in November 2026

Fees for a $10,000 trade, leverage, liquidity, custody, KYC and each venue's worst day, side by side. Hyperliquid is slightly cheaper and fully transparent; Binance is six times bigger. Neither serves US residents.

DraftKings, FanDuel and Fanatics pulled event contracts from Utah within a week of the Kalshi charges. A federal judge sees the CFTC on November 6

DraftKings and FanDuel dropped sports, political and novelty contracts for Utah customers within 48 hours of the Kalshi charges; Fanatics leaves the state on November 4. The CFTC has asked Judge Shelby to stop Utah's cases.

Kalshi raised $1 billion at a $40 billion valuation, a day after Utah charged its founders. Here is what the numbers show

The Series G prices Kalshi at $40 billion post-money, up from $22 billion in May and $5 billion a year ago. Kalshi says it runs at more than $1 trillion in annualized volume. Those figures are self-reported, and the legal map got worse the same week.

Polymarket and Kalshi gave at least $5 million to both parties this cycle, nine days before a midterm they are taking $1.4 billion of bets on

Reuters counted at least $5 million from the two companies and their founders, $2.7 million of it to Republicans, including $1 million from Polymarket to a Democratic dark-money group. A third went to state races, where the legal fight over sports contracts is being decided.

Ohio has moved from the prediction markets to the companies that serve them: every gaming licensee must confirm by October 30 that it has stopped

On October 20 Ohio told its sportsbooks, suppliers, integrity monitors and testing labs to stop providing liquidity, market making and technology to unlicensed sports prediction markets, or risk their licences. Four days earlier Polymarket US sued the state, arguing preemption and a Commerce Clause violation.

BetMGM made $86 million without a prediction market. Its CEO expects the Supreme Court to rule against them.

Third-quarter net revenue of $710 million, up 7 percent, and adjusted EBITDA up 112 percent to $86 million, on 3 percent fewer players. Adam Greenblatt told analysts on 13 October the Supreme Court will find Congress never intended sports and casino-style event contracts, called the platforms' retreat "cosmetics in pursuit of survival," and what the low-end guidance implies for Q4.

Nebraska's online sports betting vote: $14.65m raised, almost all of it from sportsbooks

DraftKings at a three-year low, Flutter at a six-year low. What the sportsbook selloff is pricing.

Where is the money actually positioned on a perp exchange?

What does a crypto funding rate actually cost you?

Does the NFL have a deal with Kalshi or Polymarket?

Do sportsbooks make money from prediction markets?

Who pays for prediction market coverage?

Most common Powerball numbers: do they improve your odds?

Powerball expected value: is a $700M jackpot ever a good bet?

Lottery odds vs. prediction market odds

Sportsbook vs prediction market: where is the better price?