Prediction Markets
Kalshi Joins Polymarket in Unicorn Club With Latest Fundraise: Report
Kalshi has raised$185 million at a valuation of $2 billion, according to a release.
Trump's CFTC Pick Says U.S. Can Boost Crypto Innovation and Shield Consumers
Brian Quintenz told senators at his confirmation hearing for CFTC chairman that Congress needs to ensure "full promise" of digital assets' potential.
Prediction Markets Traders Bet Big on Easy Liberal Win as Canadians Head to the Polls
Political betting platforms show Mark Carney leading with a 78% chance of becoming Canada's next Prime Minister, while Pierre Poilievre has a 22% chance.
Polymarket, UMA Communities Lock Horns After $7M Ukraine Bet Resolves
The bet was resolved as 'yes' despite no official agreement, leading to suspicions of manipulation by a large UMA token holder, but Polymarket defended the UMA voting process.
Trump's CFTC Head Slams Prediction Markets Resistance Under Predecessor
Caroline Pham, the agency's acting chairman, is scheduling an experts roundtable to reset the CFTC's course on this "sinkhole of legal uncertainty."
Polymarket's Customer Data Sought by CFTC Subpoena of Coinbase, Source Says
The U.S. Commodity Futures Trading Commission is said to be seeking information about customers' interactions with the prediction market site Polymarket.
Shayne Coplan: He Took Prediction Markets Mainstream
In so doing, Polymarket's founder demonstrated a real-world consumer use case for crypto, earning him a spot on CoinDesk's Most Influential 2024 list.
Only Congress Can Ban Election Betting, Kalshi Tells Appeals Court in New Filing
Kalshi blasted the regulator’s attempt to create a “Goldilocks” definition of gaming that would include elections as “arbitrary, outcome-driven gerrymandering with no basis in the statute," in its ongoing defense against the CFTC's move to ban its prediction markets.
Polymarket Trader Loses Millions on Tyson After Making Bank on Trump
Plus: the market is not confident if Matt Gaetz will be confirmed as Trump's attorney general.
Polymarket CEO's Home Is Raided by FBI
"This is obvious political retribution," said a Polymarket spokesperson. Bloomberg reported that DOJ is investigating the company for letting U.S. users access the site.
