MoonPay has acquired Dawn Labs and launched an AI trading tool called Dawn CLI for prediction markets. The tool aims to simplify trading strategies using plain English commands on platforms like Polymarket and Kalshi. This move coincides with significant growth and legal scrutiny in the prediction market sector.
Financial technology company MoonPay announced the launch of an AI technology tool for trading strategies on prediction markets. This followed its acquisition of Dawn Labs for an undisclosed amount.
MoonPay said Monday that it had launched Dawn CLI to facilitate trading strategies “in plain English.” The tool targets activity on prediction market platforms like Polymarket and Kalshi.
Dawn Labs founder Neeraj Prasad stated the tool will democratize trading “by general intelligence.” MoonPay described prediction markets as one of the fastest-growing categories attracting a new generation of active traders.
The company noted that infrastructure for high performance in these markets remains fragmented, manual, and technically demanding. The move closer to prediction markets comes as those platforms face state-level legal challenges.
Kalshi and Polymarket face lawsuits over allegations of illegally facilitating activities like sports betting. Until December 2025, MoonPay’s chief legal officer Caroline Pham was a commissioner at the US Commodity Futures Trading Commission.
The CFTC has since claimed exclusive jurisdiction over prediction markets. Trading on these platforms continues to be under scrutiny by many US lawmakers and industry leaders.
Their models often allow insider trading. In April, a soldier was charged with using classified information to make more than $400,000 through event contracts on Polymarket.
MoonPay’s acquisition followed prediction markets platform Kalshi closing a $1 billion funding round last week. This resulted in the company reaching a valuation of about $22 billion.
