Kalshi Posts Back-to-Back $5.3B Days, Topping Its October Record
Kalshi traded $5.33 billion in notional volume on Saturday, Nov. 7, and $5.36 billion on Sunday, Nov. 8, beating its previous daily record of $5.30 billion from Oct. 24 twice…
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Prediction Markets Favor Another Drop as Year-End Bitcoin Price Forecasts Sour
Bitcoin price prediction markets are signaling a difficult finish to 2026, with Polymarket traders assigning a 52% probability to a $70,000 retreat before January and just 9% to a $100,000…
Arkansas Sues Kalshi, Alleging Deceptive Trading Practices and Unjust Enrichment
Arkansas Attorney General Tim Griffin introduced a lawsuit that alleges Kalshi knowingly lied to customers in Arkansas, presenting its platform as legal and safe while violating the state’s Deceptive Trade…
Kalshi Election Day Volume Hits $4.15B, Short of Its October Record
Kalshi traded $4.15 billion in notional volume on Election Day, Nov. 3, its biggest weekday yet—but still well below the $5.3 billion record it logged on Saturday, Oct. 24. Single-market…
Polymarket Trader Could Collect $3M if Republicans Defy Midterm Odds
A Polymarket account created in August bet about $183,000 on Monday that Republicans will keep both the Senate and the House, at odds of about 6%. If they do, the…
Bitcoin Fell After 3 Straight Midterms, and Tuesday Could Make It 4
In each of the last three cycles, bitcoin bottomed 13 to 71 days after a U.S. midterm election. Americans vote again on Tuesday, and Polymarket gives a Democratic sweep 72%…
Record Breaking Binance Hack Hits Markets, Kalshi Hits New Valuation, And More – Weekly Recap
This week’s stories spanned exchange security, prediction markets, bitcoin treasury risk, earnings and tokenization. Binance investigated a potential multibillion-dollar hack, while Kalshi raised another $1 billion at a $40 billion…
Senators Warren, Curtis Press Kalshi and Polymarket on Election Insider Trading
Sens. Elizabeth Warren and John Curtis have asked Kalshi and Polymarket to explain how they keep insiders out of election markets, giving the companies until Nov. 3, Election Day, to…
Utah Hits Kalshi, Founders With Criminal Charges Over Sports Bets
Utah prosecutors have charged Kalshi and its co-founders, CEO Tarek Mansour and COO Luana Lopes Lara, with 13 felonies and a misdemeanor after an undercover state investigator placed a dozen…
Kalshi Hits $40 Billion Valuation After Another $1 Billion Raise
Prediction-market operator Kalshi has secured another $1 billion in funding, lifting its valuation to $40 billion, nearly 82% above its $22 billion valuation in May. The Sequoia Capital and Wellington…
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