About 60% of World Cup bettors on Polymarket are first-time crypto users
Polymarket emerged as an onboarding layer for about 60% of World Cup bettors, who interacted with the blockchain for the first tim...
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...
Kalshi targets a massive $40 billion valuation, widening lead over rival Polymar...
The prediction market operator, which is eyeing a potential public debut in 2027, could close a new funding round in Q3, according...
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 packa...
CBOE debuts prediction market with S&P 500 contracts
Cboe launched its first prediction market product tied to the S&P 500 index, citing a growing investor demand for binary options c...
Cboe revives S&P 500 binary options, chasing a market popularized by Polymarket,...
One of the largest U.S. derivatives exchanges is bringing back yes/no bets on the S&P 500 after pulling them a decade ago, moving...
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 predic...
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...
Meta Builds “Arena” Prediction Markets App to Take on Polymarket and Kalshi
TLDR: Meta CEO Mark Zuckerberg has tasked an internal team with building Arena, a standalone prediction markets app. Arena will u...
Meta is developing a prediction market app called ‘Arena’ as sector booms: NYT
The app would let users forecast future events using a points-based system rather than cash wagers, the report said, citing people...