Headlines

HyENA shuts down after processing $4B in trades

HyENA has announced plans to close every market between Aug. 31 and Sept. 2 after processing more than $4 billion in trades for over 12,000 users. Summary HyENA will remove one market each hour from Aug. 31 through Sept. 2. Open positions will settle automatically, while margin will return to users’ spot balances. HLPe depositors…

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Kalshi dealt major setback by court ruling

Nevada can ban the prediction market platform Kalshi from operating in the state, the 9th U.S. Circuit Court of Appeals ruled Friday. In March 2025, the Nevada Gaming Control Board sent a cease-and-desist letter to Kalshi, arguing that the company operated a sports betting platform in the state, in violation of Nevada gaming regulations. Kalshi…

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