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: Prediction Markets
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Polymarket Is Investigating Suspicious Bets on Israeli Election
The New York Times – Business:The company said it was looking into hundreds of new accounts that had placed wagers in two markets related to the election on Tuesday.
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Polymarket Is Investigating Suspicious Bets on Israeli Election
The New York Times – Business:The company said it was looking into hundreds of new accounts that had placed wagers in two markets related to the election on Tuesday.
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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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Federal Watchdog Investigates Adam Kinzinger for Kalshi Bets on His Pardon
The New York Times – Business:The inquiry by the Commodity Futures Trading Commission centers on bets the former congressman made on Kalshi in the weeks before he was pardoned in January 2025.
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Native American Tribe Teams Up With Kalshi on New Prediction Market
The New York Times – Business:The Tunica-Biloxi of Louisiana plan to release a platform that uses infrastructure by Kalshi, the industry leader. Other tribes have taken aim at the company.
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How Minnesota Became the Front Line in the Fight Over Prediction Markets
The New York Times – Business:The state was the first to pass a law banning Kalshi and Polymarket. A lawsuit filed by a federal agency may set a precedent on who gets to regulate them.
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Donald Trump Jr.’s Firm Leads $1 Billion Funding Round for Polymarket
The New York Times – Business: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.
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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.