Category: Kalshi Inc

Kalshi to Become a World Cup Partner as It Pursues More Growth

The New York Times – Business:
The prediction market is betting that the association with the soccer tournament will help bolster betting volumes as it works toward an I.P.O.
A Viral Knicks Moment, Brought to You by a Prediction Market

The New York Times – Business:
What do a Jalen Brunson look-alike contest, a buzzy catchphrase and a dancing robot outside Madison Square Garden have in common?
Perfect Timing, Big Payouts: Insider Trading Red Flags Emerge on Polymarket

The New York Times – Business:
Dozens of long-shot bets on Polymarket, from the war with Iran to the cryptocurrency market, have defied the odds, according to a New York Times examination.
Why Investors Are Still Betting Big on Kalshi

The New York Times – Business:
The popular prediction market platform has just raised a new funding round that values it at $22 billion, double what it was worth in December.
Kalshi, the Prediction Market, Raises $1 Billion at a $22 Billion Valuation

The New York Times – Business:
The platform for betting on sports, politics, the weather and more has raised $1 billion and sees big financial firms as a key source of growth.
Trump Says He Dislikes Prediction Markets. His Family Invests in Them.

The New York Times – Business:
The White House has warned staff not to wager on government decisions, but his family’s involvement with these firms undermines the president’s message.
What Are Prediction Markets, and Why Are They Causing Controversy?

The New York Times – Business:
The indictment of a soldier who bet on the U.S. operation to capture President Nicolás Maduro of Venezuela put renewed focus on a new way to gamble, and a new way to cheat.
Arizona Files Criminal Charges Against Kalshi, the Prediction Site

The New York Times – Business:
The state accused Kalshi on Tuesday of operating an illegal gambling business, escalating the legal battle between states and prediction markets.
How Anonymous Bettors Cashed In on the Iran Strike, Just Hours Before It Happened

The New York Times – Business:
Polymarket users placed hundreds of bets of at least $1,000 predicting an imminent American strike, raising concerns about insider trading.
Kalshi Accuses a ‘MrBeast’ Employee of Insider Trading

The New York Times – Business:
The prediction-market platform said it had reported the employee to federal regulators. The show’s parent company said it had “no tolerance for this behavior.”
Betting on Prediction Markets Is Their Job. They Make Millions.

Welcome to the era of the Polymarket sharp.
The Rise of Prediction Markets

Billions of dollars are trading hands on sites like Polymarket and Kalshi, where people bet on everything from Taylor Swift’s wedding date to election outcomes.