Kalshi seeks funding at $40B valuation, nearly doubling last raise: FT
Kalshi is reportedly in talks to raise new capital at a $40 billion valuation, reflecting growing investor confidence in regulated prediction markets.
Auto Added by WPeMatico
Kalshi sues Illinois officials over prediction markets restrictions
The prediction markets company claimed that it would be “irreparably harmed” when an Illinois law signed as part of a budget package goes in effect on July 1.
CFTC sues Kentucky after state’s prediction market lawsuits
The Commodity Futures Trading Commission has sued Kentucky, now the ninth state the regulator is battling in its fight over prediction markets.
Mark Zuckerberg ordered Meta staff to develop moneyless prediction market: NYT
The Meta CEO reportedly plans for the company to launch a prediction market independent of its other apps allowing users to place wagers using a points system rather than money.
Zuckerberg Orders Meta Into Prediction Markets With New App Codenamed ‘Arena’
Mark Zuckerberg has directed a small team at Meta to build a standalone prediction markets app internally codenamed “Arena,” the New York Times reported Tuesday, citing two employees with knowledge…
Kalshi Traders Price 80% Odds Bitcoin Stays Below $100K Through 2026
Prediction market traders on Kalshi are pricing only a 19% to 22% chance that bitcoin crosses $100,000 before January 2027, with over $10 million wagered across timing contracts tied to…
Prediction Marketplace Kalshi Said to Be Exploring IPO Path in Informal Talks With Banks
Kalshi has opened informal talks with investment banks about a possible initial public offering, according to a report from The Information published this week. According to The Information report, the…
‘Stop Lawmakers From Predicting’: GOP Bill Targets Congress Betting on Kalshi and Polymarket
Republican Rep. Bryan Steil has introduced the Stop Lawmakers from Predicting Act, a bill that would bar House members, their spouses and their children from wagering on political and policy…
Report: Charles Schwab Targets Kalshi and Polymarket Territory With New Cboe Deal
Charles Schwab is moving into prediction markets, but only on its own terms. The brokerage Charles Schwab has reportedly partnered with Cboe Global Markets to offer binary-style options contracts tied…
Wealthsimple launches Kalshi-powered prediction market app for Canadian investors
The offering follows regulatory approval earlier this year and comes as prediction markets face legal challenges from regulators, exchanges and policymakers around the world.