Polymarket Targets $20 Billion Valuation Blockchain-based prediction market platform Polymarket is reportedly in talks to raise new funding at a valuation of $20 billion, according…
Posts tagged as “PREDICTION_MARKETS”
Federal Ruling Against Minnesota’s Ban A recent ruling from a federal judge has brought significant attention to the ongoing legal battle over Minnesota’s prediction market…
What Happened Kalshi, the innovative prediction market platform, has reported a remarkable increase of 3 million new users as it capitalizes on the excitement surrounding…
What Kraken Launched Kraken, the Wyoming-based cryptocurrency exchange, has unveiled a new set of USD-settled options for Bitcoin and Ether. This launch aims to simplify…
What’s Driving the Surge? In a notable shift in the investment landscape, U.S. day traders are increasingly flocking to what some experts label as ‘the…
What Happened In June, trading volumes on prediction markets surged to unprecedented levels, driven largely by the excitement surrounding the World Cup. Kalshi and Polymarket,…
What Happened The European Securities and Markets Authority (ESMA) has raised concerns over the increasing prevalence of prediction market event contracts, indicating that many of…
What Sparked the Rally? In recent days, Solana ($SOL) has experienced a significant upswing, attributed largely to a spike in both memecoin activity and engagement…
Consolidation Trends in Prediction Markets In a recent analysis, Bernstein highlighted significant consolidation trends within the prediction market industry. Platforms are increasingly bringing essential functions—such…
What Happened The prediction markets platform Kalshi has initiated legal action against Illinois state officials, expressing grave concerns over recently enacted restrictions on prediction markets.…
What Happened Tarek Mansour, CEO of Kalshi, recently shared insights about the company’s future in an interview with CNBC’s “Squawk Box.” He indicated that Kalshi…
What Happened A Republican lawmaker has introduced a bill aimed at banning insider trading on prediction markets, specifically targeting policy wagers. This move does not…
Wealthsimple Launches Innovative App Wealthsimple, a prominent name in the Canadian financial technology space, has recently unveiled a new prediction market application powered by Kalshi.…
What Happened In a recent move, Republican Representative Bryan Steil of Wisconsin has introduced a bill aimed at restricting members of Congress from participating in…
Coinbase Partners with Deribit In a significant move for the cryptocurrency market, Coinbase has announced its integration with Deribit, a leading crypto derivatives exchange. This…
Strategic Alliance Formed Kalshi, a notable player in the prediction markets landscape, has announced its backing of a newly formed lobby group aimed at promoting…
What Prompted the Investigation In a significant move that could reshape the landscape of prediction markets, U.S. House lawmakers have initiated a probe into the…
What Prompted the Inquiry? In a significant move reflecting heightened scrutiny of the financial markets, Congress has initiated an investigation into potential insider trading activities…
Prediction Markets Face Crackdown as Democrats Target CFTC Senator Jeff Merkley, D-Ore., led a letter to the Commodity Futures Trading Commission (CFTC) urging stricter oversight…
CFTC Sues Wisconsin Over Prediction Market Rules The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against the state of Wisconsin, marking the…
Prediction Markets Eye Crypto Perps Turf The U.S. perpetual futures market, long a bastion for crypto traders seeking leveraged exposure, is facing a new frontier.…
Informed Minority Dominates Prediction Market Profits A new study reveals that prediction markets are not a reflection of the ‘wisdom of the crowd’ but rather…
Data Glitch Triggers $37,000 Payout on Prediction Market A technical anomaly in Paris weather data has resulted in a significant, and controversial, payout on the…
Executive Orders Target Political Betting Platforms Governors Kathy Hochul of New York and J.B. Pritzker of Illinois have signed executive orders prohibiting state employees from…
Kalshi Bans Three Politicians for Election Bets Prediction market platform Kalshi has banned three U.S. politicians for placing bets on their own election races, according…
Kalshi Takes Action Against Political Betting The prediction market platform Kalshi has suspended and fined three U.S. congressional candidates for alleged rule violations related to…