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Event-driven trading heats up, Kalshi raises $185 million with a valuation of $2 billion, Polymarket also set to complete massive fundraising.

Event-driven trading heats up, Kalshi raises $185 million with a valuation of $2 billion, Polymarket also set to complete massive fundraising.

Driven by legal developments and the market's growing interest in predictive trading, the US event contracts trading platform Kalshi announced the completion of a $185 million Series C funding round, with a post-money valuation of $2 billion. This round was led by Paradigm, with participation from S

34like·0commentA week ago
Kalshi's valuation surpasses $2 billion, igniting a new trend in the "prediction market" with its fundraising.

Kalshi's valuation surpasses $2 billion, igniting a new trend in the "prediction market" with its fundraising.

The American prediction market platform Kalshi recently completed a new Series C funding round, raising a substantial $185 million, which boosted its valuation to $2 billion, making it one of the most notable "unicorns" in the field. This funding round was led by Paradigm, a venture capital firm foc

28like·0commentA week ago
Quintenz attends confirmation hearing, reaffirms strong support for predictive markets: Future regulatory direction of CFTC raises concerns

Quintenz attends confirmation hearing, reaffirms strong support for predictive markets: Future regulatory direction of CFTC raises concerns

The U.S. Senate Committee on Agriculture, Nutrition, and Forestry held a highly anticipated confirmation hearing for Brian Quintenz as chairman of the Commodity Futures Trading Commission (CFTC). Although the primary responsibility of the CFTC is to regulate the derivatives market, the agency's impo

31like·0comment06-17
The Boundaries and Future of Sports Betting Transactions: Sporttrade CEO Discusses Prediction Markets, Regulatory Games, and Tribal Roles

The Boundaries and Future of Sports Betting Transactions: Sporttrade CEO Discusses Prediction Markets, Regulatory Games, and Tribal Roles

Alex Kane, CEO of Sporttrade, deeply explored the integration of prediction markets and sports betting from a philosophical perspective in a recent webinar, highlighting the potential strategic role of tribes in this field. He analyzed the emerging field with a gentle yet sharp perspective, noting t

30like·0comment05-27
The rise of the U.S. prediction gambling market poses a new threat to tribal gambling industries.

The rise of the U.S. prediction gambling market poses a new threat to tribal gambling industries.

In the modern economic history of the United States, Indian tribal gaming is recognized as one of the most successful economic development models on reservations. Over the past forty years, the industry has not only helped communities escape poverty but also granted Native Americans unprecedented ec

30like·0comment05-15
CFTC voluntarily dismisses lawsuit, election betting regulation takes a sudden turn: Prediction markets may enter a "legalization era"

CFTC voluntarily dismisses lawsuit, election betting regulation takes a sudden turn: Prediction markets may enter a "legalization era"

The U.S. Commodity Futures Trading Commission (CFTC) this week voluntarily withdrew its appeal against the Kalshi exchange, marking an official end to its policy of cracking down on election betting. This move not only represents a significant shift in regulatory attitudes but also signals the gradu

28like·0comment05-09
The NBA calls on the CFTC to establish a regulatory framework for sports prediction markets, focusing on the industry's rapid growth.

The NBA calls on the CFTC to establish a regulatory framework for sports prediction markets, focusing on the industry's rapid growth.

The National Basketball Association (NBA) has submitted a letter to Caroline D. Pham, the acting chair of the Commodity Futures Trading Commission (CFTC), specifically discussing the expansion of sports prediction markets.The letter outlines the potential risks to the fairness of NBA games, as these

33like·0comment05-06
Defying state regulators, Kalshi ‘won’t stop’ offering event contracts

Defying state regulators, Kalshi ‘won’t stop’ offering event contracts

A controversial prediction market platform founder declared his company answers to the Commodity Futures Trading Commission (CFTC) only.Kalshi’s Tarek Mansour stated during an interview with TechCrunch on Friday he isn’t “necessarily very concerned” about cease-and-desist orders he received from fiv

31like·0comment04-08
Illinois Joins C&D Pile-On, Is CFTC Approval Preordained? 

Illinois Joins C&D Pile-On, Is CFTC Approval Preordained? 

The Illinois Gaming Board has told Kalshi, Robinhood, and Crypto.com to cease and desist. The regulator claims the company is engaging in unlicensed sports wagering.Illinois joins Ohio, New Jersey, and Nevada in states that have deemed the increasing adoption of sports events contracts to be against

25like·0comment04-03
Bank of America analysts talks future of prediction markets

Bank of America analysts talks future of prediction markets

Bank of America analyst Shaun Kelley has offered his prediction of the prediction markets entering into the sports betting space that online sports operators and investors should closely monitor.Since late December, prediction markets such as Kalshi, Crypto.com, and Polymarket have rapidly joined th

22like·0comment03-19
Robinhood Unveils Prediction Markets Hub in Time for March Madness

Robinhood Unveils Prediction Markets Hub in Time for March Madness

Robinhood Unveils Prediction Markets Hub in Time for March MadnessTrading platform Robinhood is seeking to capitalize on the March Madness hype with markets for this year’s edition of the tournament. Customers can expect to find offerings involving their favorite basketball teams and players.The off

30like·0comment03-19
What’s next for Kalshi?

What’s next for Kalshi?

The financial exchange and prediction market that lets U.S. bettors trade on the outcome of future events has continued its expansion into sports.This has some wondering if it will evolve into a competitor to traditional online sportsbooks.Kalshi’s strong performance during Super Bowl LIX- in which

29like·0comment03-18
DraftKings Moves Toward Prediction Markets with NFA Registration

DraftKings Moves Toward Prediction Markets with NFA Registration

DraftKings Moves Toward Prediction Markets with NFA RegistrationDraftKings seems to be getting ready to jump into the prediction market arena. The company has registered a new entity, DraftKings Predict, with the National Futures Association (NFA). This step shows that DraftKings wants to grow beyon

33like·0comment03-18
President Trump Nominates Kalshi Board Member Brian Quintenz as CFTC Chairman

President Trump Nominates Kalshi Board Member Brian Quintenz as CFTC Chairman

President Trump has nominated Brian Quintenz to become Chairman of the Commodity Futures Trading Commission (CFTC).Quintenz currently serves on the board of prediction market site Kalshi, which is regulated by the CFTC.The prospective chairman took to social media platform X to announce his nominati

25like·0comment02-14
Tottenham Report: Another fine mess

Tottenham Report: Another fine mess

The gambling world seems to be tying itself in knots about what is gambling and should be regulated and what isn’t and/or should be exempt from gambling regulations.There has been much discussion, some of it quite heated, about the rise of sweepstake casinos in the United States. Arguments have gone

24like·0comment02-13
ROBINHOOD PULLS SUPER BOWL EVENT BETTING AFTER ONE DAY

ROBINHOOD PULLS SUPER BOWL EVENT BETTING AFTER ONE DAY

Robinhoodsaid on Tuesday it is rolling back the event contracts that would let users bet on the result of the Super Bowl clash this weekend, after the online brokerage received a request from the U.S. Commodity Futures Trading Commission.The halt comes justa day after the launchof the product. Robin

26like·0comment02-05
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