Kalshi

The rise of prediction markets such as Kalshi and Polymarket could be digging into market share of online sports betting companies DraftKings Inc (NASDAQ:DKNG) and Flutter Entertainment (NYSE:FLUT). Prediction markets allow wagers on almost every possible sport. When it comes to the annual Kentucky...

The Senate unanimously passed on Thursday a resolution introduced by Sen. Bernie Moreno (R-Ohio) that bans Senators, Officers, and staff from participating in prediction markets. Senate Says No To Prediction Market Wagering The Senate agreed to pass the resolution “...

Investors are bracing for arguably one of the most pivotal days of earnings season on Wednesday, with four of the “Magnificent Seven” giants set to report after market close. Activity on prediction markets, consequently, has intensified. Who’s Beating Earnings? Microsoft Corp...

Satoshi Nakamoto's massive Bitcoin (CRYPTO: BTC) stash has long been dormant, and prediction markets suggest that the status quo will hold through 2026 Punters Bet Dormancy To Continue Odds that Bitcoin’s mysterious creator moves their BTC at any time this year stood at only 9% on Polygon (...

Prediction market giant Polymarket is exploring a capital raise, valuing it at around $15 billion, according to a report published Sunday. New Funding Secured? The cryptocurrency-based platform is in talks to raise $400 million in new funding, The Information reported, citing sources familiar...

When it comes to investing in some of the largest private companies in the world, investor Chamath Palihapitiya has a method that has helped him get rid of losers and also buy into companies he may have missed. Palihapitiya Highlights Secondary Markets The year 2026 could be a big one for some of...

As Elon Musk-led SpaceX prepares for its IPO, traders on prediction market platforms Kalshi and Polymarket are betting on the listing to be delayed beyond its planned June timeline. 90% Chance SpaceX IPO Gets Delayed 91% of the bettors on Polymarket on Sunday thought that the IPO would take place...

On Friday, a federal judge issued a temporary restraining order preventing Arizona from continuing its criminal case against Kalshi, siding with the Commodity Futures Trading Commission. Federal Court Halts Arizona's Case Against Kalshi The ruling followed a hearing before U.S. District Judge...

The Trump administration has cautioned its staff against using their positions for well-timed betting in futures markets. The White House Management Office disseminated the warning to all staff via email on March 24, just a day after President Donald Trump announced a five-day pause...

Kalshi CEO Tarek Mansour said prediction markets could soon face regulatory scrutiny over potential fraud and insider trading risks, a move he welcomed. Mansour, in Tuesday’s episode of “The Axios Show,” expressed concerns about the potential for fraudulent activities in the...

On Friday, Nevada judge Jason Woodbury moved to block prediction market platform Kalshi from offering event-based contracts in the state, siding with regulators who argue the products amount to illegal gambling. Nevada Judge Extends Ban On Kalshi At a hearing in Carson City, Woodbury said he would...

Commodity Futures Trading Chairman Michael Selig said today that the agency is in active discussions with all major sports leagues about prediction market integrity, as the industry’s biggest backer builds out institutional trading infrastructure. “We’re talking to all the sports...

JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon has revealed that the largest U.S. bank is mulling over the idea of offering prediction market services to its customers. Speaking to CBS Evening News on Tuesday, Dimon said, “It’s possible one day we’ll do something like that....

Kalshi was approved for margin trading on the same day Washington’s attorney general sued it for running an illegal gambling operation. The prediction market platform secured a futures commission merchant license through an affiliate called Kinetic Markets LLC. The license would let...

The Dow Jones Industrial Average fell more than 400 points today, dropping into correction territory as wartime supply fears kept Brent crude hovering near $111 a barrel and the S&P 500 headed for its fifth straight weekly decline, its longest losing streak since 2022. But the bigger story is...