Polymarket Seeks $1 Billion Funding at $20 Billion Valuation Amid Rapid Growth
TLDR: Polymarket is in talks to raise $1 billion at a valuation exceeding $20 billion currently. The company’s valuation would mor...
Prediction Market Open Interest Drops as World Cup Trading Fades
TLDR: Prediction market open interest declined after the World Cup, while Kalshi kept about 59% and retained leadership over Polym...
CFTC Orders George Santos to Pay Over $35,000 for Kalshi Trades
TLDR: George Santos will pay $35,069.98 under a CFTC settlement covering $17,569.98 in disgorged profits and a $17,500 civil penal...
New York sues Kalshi, alleges it offers a gambling platform 'plain and simple'
The suit wants to bar the company from operating what it says is an unlicensed gambling business and seeks financial redress.
Robinhood Eyes Crypto.com Deal as Prediction-Market Race Heats Up
Robinhood may add Crypto.com contracts, expanding choices across sports, politics, economics, and crypto. Robinhood already uses K...
Kalshi rolls out Midterm Hubs ahead of the November elections in the U.S.
The prediction markets platform seeks to position itself as the primary source for election odds ahead of the midterm elections th...
U.S. CFTC moves to stop Kalshi from canceling trades as ordered by Michigan cour...
The federal derivatives regulator, which oversees trading at Kalshi, argued it was inappropriate for Michigan to "bully" the firm...