Price Manipulation Was Behind 1 in 8 Crypto Hacks This Year
Price-manipulation exploits hit a record 32 in DeFi lending in 2026. The Tectonic case shows why the attack is cheap, repeatable and tough to audit away.
Price-manipulation exploits hit a record 32 in DeFi lending in 2026. The Tectonic case shows why the attack is cheap, repeatable and tough to audit away.
A crypto oracle is how a blockchain reads a price it cannot see itself. Learn what oracles do, why attackers target them, and who runs the feeds today.
Polymarket raised $1 billion at a $21 billion valuation led by Trump Jr.'s 1789 Capital, up from $8 billion last year, with no audited books released.
Kalshi's August 18 CFTC filing prices a copper perpetual off a Pyth oracle instead of COMEX, and CME is suing over the approval path behind it.
FlightAware is suing Kalshi over flight-cancellation markets it says use its data without permission. The case tests who controls the settlement source behind every prediction market.
The SEC stayed Nasdaq bitcoin options after a CME petition. The contract settles on a CME CF benchmark, and statements are due August 24.
The CFTC order shows George Santos cleared $3,448 on the yes side of his own attendance market and $14,390 on the no side in four days.
New York's petition against Kalshi lists $36 billion at minimum, more than the entire on-chain World Cup prediction market. The CFTC filed first.
Kalshi's annualized revenue crossed $2 billion, triple its November mark, and it is in early talks with banks about an IPO. The catch: the regulated status driving the bull case is the same one under attack in court.
Kentucky sued Kalshi and Polymarket as illegal sportsbooks on June 17, the same day a Michigan judge ruled sports prediction markets aren't under the CFTC, denting the industry's federal shield.
OPN went from the top gainer to the top loser in 48 hours. The money never left crypto this week, it just rotated into AI tokens like Allora as the majors drifted.
The $11 billion prediction market operator walks into crypto perpetuals through a CFTC door that Coinbase and Robinhood still cannot open. Polymarket beat it to market by six days.
A new Bitget Wallet and Polymarket report shows monthly prediction market volume hit $25.7 billion in March, up from $1.9 billion a year earlier. Retail users drove over 80% of the activity, and the average user is now active four times more often than they were three months ago.
Attorney General Letitia James wants triple damages, customer restitution, and a ban on under-21 wagering. Coinbase stock fell 6% as the lawsuit landed.
The sector dropped 66% from March's record. But the real story is who grabbed the crown while everyone was looking the other way.
Three funding rounds in seven months. Annualized volume tripled to $178 billion. Five states are suing it. Coatue, Sequoia, and Morgan Stanley all wrote checks anyway.
Kalshi operates as a CFTC-regulated event contracts exchange and represents the licensed, US-domiciled alternative to crypto-native prediction platforms like Polymarket. The coverage here tracks what matters: contract listings across elections, economic indicators, weather events, sports outcomes, and the categories Kalshi has fought to expand through court rulings against the CFTC, regulatory battles over which event contracts qualify under CFTC jurisdiction and which run into state gambling laws, partnership deals like the link-up with NYSE casino operators for US prediction markets and the broader push into mainstream financial venues, volume growth as the platform expands its product set and attracts both retail and institutional traders, the court precedent Kalshi has set in cases that shape what other event contract platforms can list, and the state-level lawsuits from places like New York that argue the contracts amount to unlicensed gambling. Kalshi’s regulatory posture is the defining feature. Where Polymarket operates outside US borders for US users, Kalshi fought through the CFTC approval process and now uses that license as a competitive moat. Coinliva covers the listings, the legal cases, the partnership announcements, and the broader question of whether regulated event contracts ultimately replace crypto-native prediction markets in the US or coexist with them.