A law enacted after a brazen scheme to rig onion prices in the 1950s puts the vegetable, as well as box office receipts, off-limits for prediction markets.
Category: Mansour, Tarek
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Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?
The New York Times – Business:The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.
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Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?
The New York Times – Business:The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.
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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.
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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.
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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.
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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.
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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.