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The National Hockey League (NHL) said it has inked landmark multiyear U.S. partnerships with Polymarket and Kalshi on Wednesday, naming the two prediction market platforms as its official partners in a move that bridges professional sports and event-based trading. Prediction Markets Hit the Ice: NHL Seals Deal With Polymarket and Kalshi The agreements grant Polymarket … Read more
Draftkings Inc. has officially entered the regulated prediction markets arena with its Oct. 21 acquisition of Railbird Technologies Inc. and its subsidiary Railbird Exchange, LLC, expanding beyond its traditional sports betting, daily fantasy, and iGaming operations. Draftkings Expands Beyond Sports Betting With Railbird Deal Draftkings’ (Nasdaq: DKNG) move marks a strategic leap into a growing … Read more
Dune Analytics data shows prediction markets are buzzing this week, racking up more than $2 billion in total volume across Myriad, Limitless, Kalshi, and Polymarket — with the latter pair pocketing most of the betting frenzy. Over on Polymarket, open interest shot up to $202 million by Monday, proving that traders aren’t just watching—they’re piling … Read more
Kalshi, a blockchain-based prediction market company, has raised $300 million in a recent funding round, capitalizing on the increased popularity of these platforms. The round, which pushes Kalshi’s valuation to $5 billion, underscores the reach of these companies as they keep growing in volume and relevance. Prediction Market Company Kalshi Raises $300M at $5B Valuation … Read more
Traders have practically written in pen a quarter-point cut, daring the U.S. Federal Reserve to prove them wrong at October’s meeting ahead. Quarter-Point Trim Leads the Board for October’s Fed Decision CME’s Fedwatch tool puts numbers to the hunch: with the target currently at 4.00% to 4.25%, the Oct. 29 path most favored is a … Read more
Polymarket and Kalshi are reportedly weighing fresh fundraising rounds at valuations of $9 billion and $5 billion, respectively, according to a new report from The Information. Technology newsletter The Information reports that both prediction market operators are entertaining new cash infusions: Polymarket has weighed an offer that could peg its valuation as high as $9 … Read more
The Massachusetts Attorney General’s Office has filed a lawsuit against prediction market platform KalshiEX LLC, alleging it illegally offered sports wagering to state residents without a license. Bay State Calls Kalshi ‘Sports Betting’; The Statute May Not Agree Attorney General Andrea Joy Campbell brought the case Friday in Suffolk Superior Court’s Business Litigation Session, asserting … Read more
Traders across futures and prediction markets are nearly unanimous: the Federal Reserve is expected to cut interest rates at its September meeting, with a 25 basis point reduction the clear favorite. Fed Decision Looms With Markets Bracing for Easing The next Federal Open Market Committee (FOMC) meeting is set for Sept. 17, now less than … Read more
Ghislaine Maxwell, once a close associate of the late financier and sex-trafficking operator, Jeffrey Epstein, said she does not believe Epstein took his own life. She also stressed that she “never witnessed the president in any inappropriate setting in any way.” Prediction market Polymarket currently places the odds of her receiving a pardon from U.S. … Read more
Robinhood has announced the launch of pro and college football prediction markets within the app, allowing customers to trade on the outcomes of popular football games. Since the introduction of prediction markets last year, over 2 billion contracts have been traded on the platform. The new markets will feature contracts for all regular season pro … Read more
