Kalshi was hit with a brand new class motion lawsuit, accusing the betting platform of illegally working as a sports activities bookmaker. The lawsuit additionally states that Kalshi misled customers by advertising its platform as “authorized sports activities betting” regardless of missing state gaming licenses. The swimsuit additional claims Kalshi’sContinue Reading
The non-public valuation of prediction market platform, Kalshi, has greater than doubled in only a few weeks as traders wager that Kalshi and Polymarket will proceed to dominate the house. In 2025 Kalshi has clawed vital market share away from Polymarket; it began the 12 months at simply 12% marketContinue Reading
Trump Media partnered with Crypto.com to launch a reside beta prediction market on its Reality Social platform. The collaboration entails Reality+, Reality.Fi, and Crypto.com, which is able to act because the alternate and clearing companion for the brand new product. The transfer deepens ties between the businesses and locations predictionContinue Reading
Prediction market Kalshi sued the NY State Gaming Fee to dam a cease-and-desist order claiming its contracts are unlicensed sports activities wagering. Kalshi argues it operates as a federally regulated change below the CFTC, whose unique authority over listed derivatives ought to preempt state playing legal guidelines. The case hingesContinue Reading
Prediction market Polymarket is reportedly preparing for a US launch with a new funding round that could value the company at up to US$10 billion, a significant jump from its US$1 billion valuation just three months ago. The company is in a heated rivalry with competitor Kalshi, which is alsoContinue Reading
Prediction market traders on Polymarket are betting that Bitcoin will fall below US$100K before the end of 2025, with a 62% probability priced into the market. The betting contrasts with predictions that forecast a rally to as high as US$200K and it follows a recent large whale transaction that sawContinue Reading
