Kalshi in talks to raise $1B at $40B valuation, with Tiger Global, Dragoneer, Sequoia and Wellington circling
The round, reported at roughly twice Kalshi's prior valuation, would make the prediction market one of the most valuable private US financial firms as it expand
blockhead.co · +14 outlets
Sixth Circuit rules against Kalshi, says Ohio and Tennessee can regulate its sports prediction markets
The appellate decision rejecting Kalshi's swaps-based defense opens the door to state gambling enforcement and raises the odds of Supreme Court review of predic
GamblingSites.com · +14 outlets
Congress expands insider trading probe into prediction markets to three more platforms
House Oversight Chair James Comer is widening an investigation that follows Kalshi's suspension of congressional candidates and a DOJ case against a Google engi
Briefs Finance · +14 outlets
DOJ charges US soldier with making $400,000 betting on Maduro's removal; Polymarket tightens security
The case highlights insider trading risk on geopolitical markets and prompted both Polymarket and Kalshi to announce new security measures, with Trump calling t
Reuters · +13 outlets
Kalshi files to end volume incentive program amid wash trading allegations
The move follows scrutiny of roughly $5B in trading activity and questions about whether incentive-driven volume inflated reported Kalshi figures.
The Block · +3 outlets
Prediction markets' push into US stocks raises regulatory alarm bells
Polymarket's stock-price contracts, roughly $220M across 31,000 markets, have drawn scrutiny over whether event contracts are functioning as unregulated securit
Reuters · +14 outlets
Polymarket taps Goldman Sachs veteran Lisa Mantil to lead institutional growth
The hire signals Polymarket's push to attract Wall Street liquidity and hedge fund participation as prediction markets face mounting regulatory scrutiny.
CNBC · +8 outlets
Kalshi suspends three congressional candidates for betting on their own races
The suspensions underscore how candidate-level self-trading has become a flashpoint for regulators scrutinizing prediction market integrity.
PBS · +13 outlets
Brazil bans Polymarket, Kalshi and 25 other prediction platforms
The ban adds Brazil to a growing list of jurisdictions restricting offshore prediction markets, reflecting a widening global regulatory divide.
CoinMarketCap · +13 outlets
Robinhood expands AI trading and adds earnings and event contracts
Robinhood is folding prediction markets deeper into its brokerage app with weekend trading and AI agents, escalating competition with Kalshi and Polymarket for
Barron's · +14 outlets
Trump administration prepares crackdown on prediction market promotional offers
Federal scrutiny of the bonus-heavy marketing used to acquire prediction market users could reshape customer acquisition economics for Kalshi, Polymarket and ri
Front Office Sports · +3 outlets
NCPG executive director departs amid Kalshi partnership controversy
The resignation at the National Council on Problem Gambling follows criticism of the group's ties to Kalshi as gambling harm researchers flag prediction markets
CDC Gaming · +6 outlets
New York and Polymarket clash over who regulates prediction markets
The dispute tests whether state gaming regulators or federal derivatives authorities have jurisdiction over event contracts.
Spectrum News · +14 outlets
Coinbase Ventures and CMCC Global back prediction market liquidity provider Raven at $90M valuation
The strategic round targets market-making infrastructure, a bottleneck as prediction market volumes scale toward new highs.
Casino.org · +6 outlets
Polymarket launches 15-minute Bitcoin price markets on its US app
The high-frequency crypto contracts deepen Polymarket's push into short-dated trading, arriving as New York sues over alleged unlicensed gambling.
TradingView · +14 outlets
DraftKings shares head for worst month since January as investors weigh higher prediction market spending
Retail traders are backing the DKeX prediction market product even as Kalshi's lead and rising costs pressure DraftKings' stock.
Quiver Quantitative · +5 outlets
Report: Polymarket leads US search demand while Kalshi holds trading volume dominance
The split between brand attention and traded volume illustrates how the two leading venues compete for different parts of the prediction market audience.
Gambling Insider · +1 outlets
Casino CEOs at G2E warn prediction markets threaten state gaming regulation
Gaming industry executives used the Las Vegas trade show to press lawmakers on the competitive and regulatory threat from event contracts.
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