Polymarket Expands Offerings with Nasdaq Partnership and Parlays
Polymarket has officially partnered with Nasdaq Private Market to launch prediction contracts based on private company valuations, IPO timing, and secondary share prices. According to The Defiant, these new retail-facing markets will utilize Nasdaq data to allow trading on startup milestones for major unicorns, with early markets opening on OpenAI, Anthropic, and Stripe.
In addition to private capital markets, Polymarket is expanding its structural offerings. A recent filing reveals the platform is moving to list "combinatorial outcome contracts"—essentially parlays that will only resolve if every underlying part of the contract resolves, as reported by CoinDesk. Traders looking to navigate the complexities of these multi-layered contracts can leverage analytics at predictionmarketstools.com to track shifting probabilities.
Regulatory Clashes: Minnesota Ban and Senate Scrutiny
The regulatory landscape for prediction markets fractured further this week after Minnesota Governor Tim Walz signed legislation effectively banning the industry in the state. The new law makes it a felony to create or operate a prediction market in Minnesota. However, the Trump administration has already intervened, with the CFTC and DOJ filing a lawsuit against the state just 24 hours later, arguing the ban violates federal law, according to Decrypt and Cointelegraph.
Simultaneously, prediction market operators faced a grilling in Washington. During a Senate Commerce hearing on Wednesday, lawmakers scrutinized platforms like Kalshi over the surge in sports betting contracts. Senators raised specific concerns regarding advertising targeted at children, the risk of cheating by athletes, and the potential undermining of regulated gaming frameworks.
SEC Weighs Prediction Market ETFs
As trading volume and political friction increase, traditional financial wrappers for the sector remain in limbo. The Securities and Exchange Commission is currently seeking public comment as it weighs the approval of prediction market exchange-traded funds (ETFs). Earlier this month, the regulatory agency paused ETF applications submitted by Bitwise, Roundhill Investments, and GraniteShares.