News
Kalshi Hits $22 Billion Valuation as Wall Street Bets Big on Prediction Markets
Kalshi, the New York-based prediction market platform, announced that it has closed a $1 billion Series F funding round at a $22 billion valuation. The round was led by Coatue,…
May 7, 2026
Prediction Market Apps Hit Record Volume, While Most Traders Are Losing
Prediction market apps have exploded in the past year, drawing traditional sportsbook users and new customers in states without sports betting. Last month, the total monthly volume between Kalshi and…
May 7, 2026
Politics Could Present Problems For Prediction Markets
Prediction markets are making a lot of noise of late with sports, jumping into a realm previously reserved for sports betting. And keep in mind, widespread legal/regulated sports betting is…
May 6, 2026 Kalshi Hardens Safeguards Against Underage Trading
In a proactive move to address growing concerns over market integrity and underage access, Kalshi has announced a suite of expanded customer protection measures. The new safeguards are designed to…
May 6, 2026
NBA Demands Strict CFTC Oversight of Sports Prediction Markets
In a formal push for federal oversight, the National Basketball Association (NBA) has called on the Commodity Futures Trading Commission (CFTC) to establish a “robust and comprehensive” regulatory framework for…
May 5, 2026
Senate Bans Members, Staff from Prediction Market Trading
In a rare display of bipartisan unity, the U.S. Senate voted unanimously on Thursday to ban its own members and their staff from trading on prediction markets. The move, codified…
May 4, 2026
Prediction Markets Face Public Scrutiny Over Insider Trading Risks
A new survey finds that many people are worried about websites that let users bet on events like elections and military actions. There is also little trust that these prediction…
April 30, 2026
Federal Government Sues Wisconsin Over Prediction Market Crackdown
The battle for regulatory control over prediction markets reached a new fever pitch this week as the federal government filed a lawsuit against the state of Wisconsin. The legal action,…
April 30, 2026
Polymarket, Kalshi Set to Join Crypto World
Polymarket and Kalshi, industry heavyweights when it comes to prediction markets, are both poised to pursue a new avenue. With the prominence of crypto always increasing, the two prediction markets…
April 29, 2026
Is Insider Trading Good for Prediction Market Users?
Insider trading scandals involving prediction markets have been all over the news in recent weeks. A U.S. Army soldier reportedly used classified information from the Nicolas Maduro raid in Venezuela…
April 28, 2026