Category: Kalshi Inc

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.
Leading Prediction Firms Share a Commonality: Donald Trump Jr.

Traders in companies with ties to the president’s eldest son can bet on the outcome of events the president affects.
Kalshi, a Prediction Market, Raises $1 Billion in New Round

The fund-raising effort, the company’s third this year, values it at $11 billion, and comes amid stiff competition in the increasingly popular industry.
Kalshi, a Fast-Growing Prediction Market, Raises New Funds

The fund-raising round comes as online prediction marketplaces gain mainstream prominence.
Stock Exchange Parent to Take Big Stake in Polymarket

The $2 billion deal values the crypto-powered betting site, where users can wager on politics, sports and more, at about $8 billion.