CZ’s YZi ramps up prediction market bet as Opinion claims 40% share

Robinhood's shares have seen an increase despite the Connecticut Department of Consumer Protection issuing cease-and-desist orders against the company and others for allegedly offering illegal sports wagering. This regulatory action highlights the state's commitment to enforcing laws on online gambling and ensuring compliance among financial technology firms.

CNBC has announced a multi-year partnership with Kalshi to integrate real-time prediction data into its financial coverage across TV, digital, and subscription platforms starting in 2026. This collaboration aims to enhance the accuracy and relevance of CNBC's financial reporting by leveraging Kalshi's predictive analytics capabilities.

Polymarket has launched its integration into the MetaMask mobile app, enhancing user access to decentralized prediction markets. This move is expected to simplify the trading experience for users, potentially increasing participation in these markets.

The YZi Labs-backed prediction market platform, Opinion, has quickly gained traction, achieving a remarkable $1.5 billion in weekly trading volume shortly after its launch, surpassing established competitors Kalshi and Polymarket in the prediction market sector.

Connecticut's Department of Consumer Protection has issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com, classifying their sports event contracts as illegal online gambling despite claims of oversight by the CFTC. This regulatory action underscores the state's commitment to enforcing compliance in the online gambling sector.

CZ has announced the upcoming launch of Predict.Fun, a native prediction market on the BNB Chain, signaling a strategic move to enhance user engagement and expand the platform's offerings in the cryptocurrency space. This initiative aims to attract users interested in trading on event outcomes, potentially increasing the utility of BNB tokens.

Connecticut has issued cease and desist orders to Robinhood, Crypto.com, and Kalshi, asserting that their event contracts constitute unlicensed sports betting. This regulatory action reflects the state's commitment to enforcing laws against illegal online gambling activities.

Connecticut has issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com for offering unlicensed sports betting services, marking a significant regulatory action against these platforms. This enforcement highlights the state's commitment to maintaining legal compliance in online gambling activities.