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The rise of Maria Corina Machado, a Venezuelan opposition leader, as the leading option in Polymarket for winning the Nobel Peace Prize hours after the announcement of her victory, sparked speculation about possible information leaks and insider trading activity on social media. Maria Corina Machado Rises as Dark Horse in Nobel Peace Prize Bet Hours … 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
Polymarket, a blockchain-based prediction platform, has received a $2 billion investment from Intercontinental Exchange (ICE), marking a pivotal step in merging traditional finance (TradFi) with decentralized markets. Inside ICE’s Polymarket Deal: A Turning Point for Crypto Prediction Platforms Polymarket, a decentralized prediction market built on the Polygon blockchain, is entering a new phase of growth … Read more
Robinhood is reportedly taking its prediction markets global, betting that the world is just as eager to wager on everything from elections to sports. Not content with just disrupting domestic investing, Robinhood is now taking its prediction markets global, according to a recent Bloomberg report. The move aims to capitalize on soaring international demand for … Read more
Users of the largest prediction markets, Kalshi and Polymarket, consider the U.S. government shutdown a done deal. Bets open on both platforms put the probability above 78% as both parties refuse to budge. Kalshi, Polymarket Degens Bet on US Government Shutdown Event Prediction markets, including Kalshi and Polymarket, have become the center of attention when … Read more
Eric Trump, son of President Donald Trump, said he believes bitcoin will surpass $1 million and is extremely bullish on the cryptocurrency’s future. Prediction markets put the probability of that happening in 2025 at under 1%. Eric Trump Believes Bitcoin Will Reach Well Over $1M — Traders Say It Won’t Happen This Year While the … 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
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
Following Federal Reserve Chair Jerome Powell’s dovish remarks at Jackson Hole, markets are bracing for a possible rate cut in September. The Fed’s September Call Has Traders on Edge — And the Wager Pile Just Got Bigger CME’s Fedwatch tool, along with bets placed on Polymarket and Kalshi, point to easing next month. Data from … Read more