CNN named prediction market Kalshi its official information companion, agreeing to combine Kalshi’s real-time market chances into its on-air and digital information protection. The information, which covers political, financial, and cultural occasions, might be utilized by CNN’s information analysts and can seem in a dwell ticker to enrich conventional pollingContinue Reading
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
Funding supervisor Galaxy Digital is in talks with prediction market leaders Kalshi and Polymarket to turn out to be a market maker and supply liquidity. Galaxy Digital CEO Mike Novogratz confirmed the agency is “small-scale experimenting” and plans to increase its position in event-based buying and selling as curiosity grows.Continue Reading
Jane Manchun Wong, as soon as described by the BBC as “the girl scooping Silicon Valley,” has posted screenshots to X displaying what seems to be proof that Coinbase is engaged on a prediction market. Wong stated she obtained the photographs by reverse-engineering publicly obtainable code on the Coinbase webContinue Reading
In 2004, James Surowiecky, working at The New Yorker as a enterprise columnist, popularised the idea of ‘knowledge of crowds’ in his eponymously titled guide. Since then, a number of research explored the impact of getting a big crowd performing higher than both people or smaller teams. One research inContinue Reading
US prediction market Kalshi is reviewing funding proposals that might enhance its valuation to $10–$12 billion, simply two weeks after a $300 million elevate at a $5 billion valuation. Kalshi’s rival, Polymarket, is in talks for a possible $2 billion funding from Intercontinental Alternate at a $9 billion valuation. EachContinue Reading
Prediction markets are considered ineffective for hedging because they lack interest-bearing features. Polymarket’s July trading volume dropped to US$1.06B (AU$1.63B). Automated traders exploited inefficiencies and earned over US$40M (AU$61.7M) in profits. Ethereum co-founder Vitalik Buterin has said that most prediction markets are not suitable for hedging because they do notContinue Reading
