Written by Turner Wright, Staff Writer. Reviewed by Robert Lakin, Staff Editor.
Written by Turner Wright, Staff Writer.
Reviewed by Robert Lakin, Staff Editor.
MoonPay makes prediction markets push with Dawn Labs buy, AI tool launch
Latest NewsPublishedMay 11, 2026
The payments company acquired Dawn Labs for an undisclosed amount, immediately announcing the creation of an AI tool that would provide “custom strategies” for trading on prediction markets.
Financial technology company MoonPay revealed the launch of an AI technology tool for trading strategies on prediction markets, following its acquisition of Dawn Labs for an undisclosed amount.
MoonPay stated Monday that it had introduced Dawn CLI in an effort to facilitate trading strategies “in plain English,” citing activity on prediction market platforms like Polymarket and Kalshi. Dawn Labs founder Neeraj Prasad stated the tool will democratize trading “by general intelligence.”
“Prediction markets are one of the fastest-growing categories, attracting a new generation of active traders across platforms like Polymarket and Kalshi,” MoonPay stated in its announcement. “These traders utilize signals from social media, automated strategies and cross-platform positioning, but the infrastructure required for high performance remains fragmented, manual and technically demanding.”
Source: MoonPay
The move closer to prediction markets comes as Kalshi and Polymarket face several state-level lawsuits over allegations that the companies are illegally facilitating sports betting and other activities not permitted by state law. Until December 2025, Caroline Pham, MoonPay’s chief legal officer, was a commissioner and acting chair at the US Commodity Futures Trading Commission (CFTC), which has since claimed exclusive jurisdiction over prediction markets.
Related: MoonPay releases open-source wallet standard for AI agents
Trading on prediction markets continues to be under scrutiny by many US lawmakers and industry leaders given the platform’s models often allowing insider trading. In April, a soldier was charged with using classified information about the US military operation to capture former Venezuelan President Nicolás Maduro to make more than $400,000 through event contracts on Polymarket.
Kalshi increases valuation to $22 billion
MoonPay’s acquisition followed prediction markets platform Kalshi closing a $1 billion funding round last week, resulting in the company reaching a valuation of about $22 billion. The move effectively doubled Kalshi’s valuation in five months.
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- AI
- Payments
- Cryptocurrencies
- Prediction Markets
- Industry
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