SiaPredict DailyNovember 2, 2026
Top line
Utah's fight over Kalshi has moved to a federal status conference on November 6. Polymarket's breach cleanup produced a detailed refund and remediation picture, while Kalshi's $1 billion raise at a $40 billion valuation shows capital is still flowing despite state enforcement pressure.
Today's top 3
- 1Regulatory
Federal judge sets November 6 status conference in CFTC suit against Utah
Bitzo reports a federal judge ordered a status and scheduling conference for November 6 on October 30, in the CFTC's challenge to Utah's civil and criminal actions against Kalshi. The CFTC's complaint, filed October 26 in the District of Utah, seeks declaratory and injunctive relief on preemption grounds. The relief the court will consider has not been reported, so compliance teams should watch the docket for any restraining-order briefing. Based on trade press only, not yet confirmed against the docket.
Bitzo - 2Industry
Polymarket details refunds and remediation after third-party script compromise
Polymarket is refunding about $2.7 million to 726 wallets drained on October 29 through a hijacked DebugBear page-speed script, and is paying a further $1.19 million to about 5,500 wallets that lost money during the trading pause, for roughly $3.9 million in total. The company says it reset all login sessions, referred the matter to law enforcement, and will restore third-party scripts with a stronger Content Security Policy, pinned versions and sandboxing. The incident is a practical case study in vendor and supply-chain risk for any regulated venue.
The Hacker News - 3IndustryCatch-up
Kalshi raises $1 billion Series G at $40 billion valuation
Kalshi announced the round on October 29, co-led by Wellington and Sequoia. The company reports annualized volume above $1 trillion, more than 30 million accounts created and a share above 75% of prediction market volume; these are company-reported, unaudited figures. The raise lands as Kalshi faces criminal charges and civil suits in Utah, so it signals investor tolerance for state-level legal risk.
Kalshi News