Kalshi

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California Governor Bars Policymakers From Insider Betting on Prediction Markets

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California Gov. Gavin Newsom signed an executive order Friday barring gubernatorial appointees from using insider information to place bets on prediction markets such as Polymarket and Kalshi. California Bans Gubernatorial Appointees From Betting on Prediction Markets With Non-Public Information The order takes effect immediately. It extends California’s existing conflict-of-interest statutes directly to prediction markets, which … Read more

Markets Flip Script as Fed Hike Odds Overtake Cuts for First Time in 2026 Cycle

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Markets have sharply repriced Federal Reserve expectations, with near-term rate hike probabilities now edging out cuts for the first time since the easing cycle began. Rate Expectations Shift Sharply as Fed Holds and Markets Reassess The shift, captured by the Atlanta Federal Reserve Bank’s Market Probability Tracker, marks a notable turn from early 2026, when … Read more

Report: Federal Lawmakers Move to Close Prediction Market Betting Loopholes

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Congress is stepping into the fast-growing prediction market arena, aiming to draw a hard line between financial contracts and what lawmakers say looks a lot like gambling. Prediction Markets Under Fire as Senate Eyes Sports Betting Ban According to reporting from the Wall Street Journal and Sports Business Journal, U.S. Senators Adam Schiff, D-Calif., and … Read more

Kalshi Hits $22 Billion Valuation as $1 Billion Capital Injection Defies Regulatory Heat

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Kalshi has raised over $1 billion, increasing its valuation to $22 billion in just three months, signaling strong investor confidence despite regulatory challenges. Hyper-Growth in the ‘ Oracle Economy’ The U.S.-regulated prediction market, Kalshi, has reportedly raised more than $1 billion in a new financing round, catapulting its valuation to a staggering $22 billion. The … Read more

Kalshi Ordered to Temporarily Stop Operations in Nevada

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A State Judge signed a restraining order barring the company from offering some kinds of prediction market contracts in the state, as the battle between state and federal regulators accelerates. Kalshi also faces similar allegations in other states, like Arizona. Kalshi Faces Restraining Order in Nevada for Acting as an Unlicensed Gaming Business The conflict … Read more

Markets Double Down on Fed Pause After March Decision: Traders See No Fold Ahead of April Meeting

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Markets are leaning heavily toward a Federal Reserve pause following this week’s Federal Open Market Committee (FOMC) decision, with traders signaling little belief that policymakers will pivot under pressure at the April 29, 2026, meeting. Markets Show Little Faith in Fed Rate Cuts After March While Fed Chair Jerome Powell sits in office, until his … Read more

Arizona Challenges Kalshi’s Federal Status With Unlicensed Gambling Charges

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Arizona prosecutors have filed charges against prediction market operator Kalshi, alleging the company ran an unlicensed gambling operation and accepted illegal election wagers within the state. Prediction Market Kalshi Charged in Arizona for Sports and Election Betting Arizona Attorney General Kris Mayes on March 17 filed a 20-count criminal information in Maricopa County Superior Court … Read more

Middle East Conflict Shakes Prediction Markets as Rubio and Newsom Gain in 2028 Election Odds

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Prediction markets tracking U.S. politics are heating up as traders wager millions on the 2026 midterms and the 2028 presidential race, with activity on Polymarket and Kalshi revealing how bettors think Washington’s next political chapter might unfold. Traders Rotate Bets as Democrats Lead Midterm Odds and Rubio, Newsom Rise in 2028 Race The “Balance of … Read more

Kalshi Partners With XP to Launch Prediction Markets in Brazil

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Customers of Clear, a brand of the XP Group, who hold an international investment account, will be able to participate in regulated prediction markets. XP is the first company to bring regulated prediction markets outside the U.S., with a focus on financial and economic events. Kalshi Partners With XP to Bring Regulated Prediction Markets to … Read more

Report: Prediction Markets Polymarket and Kalshi Eye $20B Valuations as Investor Interest Builds

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According to a recent report, the two heavyweight prediction markets, Polymarket and Kalshi, are said to be chatting with prospective backers about fresh fundraising rounds. Current figures place Kalshi’s valuation near $11 billion and Polymarket’s around $9 billion, and if capital does come calling, each company is eyeing a lofty $20 billion post-money valuation. Polymarket … Read more

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