HBO satire show \"Last Week Tonight with John Oliver\" criticised prediction market platforms, highlighting regulatory gaps and the ease of manipulation. Oliver cited Kalyshi and Polymarket and described betting on political statements or whether events occur. He also criticised the U.S. Commodity Futures Trading Commission for not adequately controlling contracts tied to risky events such as terrorism, assassination and war. The sector is growing fast, with forecasts it could reach $1 trillion by 2030.

Global markets swung sharply as hopes rose for a last-minute diplomatic breakthrough between the United States and Iran. With prospects of easing Middle East tensions, oil prices slumped and bitcoin rebounded to near $70,000. Reports cited expectations of positive news before a deadline set by U.S. President Donald Trump, and traders began discounting supply-disruption risks such as a Strait of Hormuz closure. Pakistan sought a two-week extension and proposed a temporary truce and reopening of the strait.