The new round values the prediction market at $21 billion, up from $15 billion. Mr. Trump’s firm, 1789 Capital, will invest around $300 million.
Category: Prediction Markets
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Donald Trump Jr.’s Firm Leads $1 Billion Funding Round for Polymarket
The New York Times – Business: -
Kalshi Permanently Bars George Santos From the Platform
The New York Times – Business:The prediction market said it had barred George Santos, the former congressman from New York, and fined him $71,356 over evidence he engaged in insider trading.
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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.
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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.
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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 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.
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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.
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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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How Polymarket Traders Revolted Over One Silly Syllable
The New York Times – Business:How one silly syllable ignited a bitter dispute over the nature of reality on Polymarket.
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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.