Category: Kalshi Inc

Teleprompter Operator Who Bet on Trump Speeches Is Ordered to Pay Fine

The New York Times – Business:
Gabriel Perez had access to the president’s speeches before they were delivered and was accused of placing unlawful wagers on words that would be spoken.
Prediction Markets Should Be Regulated as Gambling, Appeals Court Says

The New York Times – Business:
The outcome contradicted an earlier appeals court decision. Federal regulators said the split rulings called for resolution by the Supreme Court.
Prediction Markets and States Clashed, Setting Off a Furious Political Battle

The New York Times – Business:
A legal dispute over the future of Kalshi, Polymarket and others has drawn in the Trump administration, the president’s son and nearly every state attorney general.
Kalshi Ordered to Cease Most Operations in Washington State

The New York Times – Business:
In a preliminary injunction, a state judge barred the prediction market from allowing residents to place bets on the bulk of its offerings.
Prediction Firms Are Flagging Insider Traders. Many Will Not Face Charges.

The New York Times – Business:
The agency that polices the industry does not have the staffing, the legal tools or the will to broadly crack down on wagers that are easily manipulated, experts say.
Kalshi’s Tarek Mansour Isn’t Interested in Management Advice

The New York Times – Business:
Tarek Mansour co-founded the fast-growing prediction market company shortly after graduating from M.I.T., aiming to provide a “mathematical, objective” view of the world.
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.