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The Latest Breaking News from Tarek Mansour

Investors are betting big on 'prediction markets' Kalshi and Polymarket—will the gamble pay off?

The two startups generated huge buzz by accurately predicting the 2024 election results. Their young founders still face long odds.

‘Betting’ site Kalshi, which predicted both Trump and Mamdani’s wins, parlays $2 billion valuation

‘Betting’ site Kalshi, which predicted both Trump and Mamdani’s wins, parlays $2 billion valuation

New York mayoral candidate Zohran Mamdani beat Andrew Cuomo for the Democratic nomination in a huge upset

The Independent UK

Prediction Market Kalshi Raises $185M, Surges To $2B Valuation

Prediction Market Kalshi Raises $185M, Surges To $2B Valuation

Prediction market platform Kalshi has secured a $185 million Series C funding round, pushing the company's valuation to $2 billion.

From analysis to the latest developments in health,
read the most diverse news in one place.

inkl

Prediction market Kalshi enters sports betting ahead of Super Bowl, after naming Donald Trump Jr. as an advisor

“Today, on the heels of our explosive growth, Kalshi takes its next big step: Sports.”

TechScape: Betting markets come for everything – and the FBI comes for a betting market

This week in tech news, online predictors are riding high after a slew of accurate US election wagers. Plus, Trump and Musk try to weaponize the communications regulator•

The Guardian - UK

Online prediction betting markets look ahead after US presidential election triumph: ‘We’re just getting started’

Wagering platforms like Kalshi and Polymarket want to expand rapidly, offering bets on awards, epidemics, the economy and more, after ‘astronomical’ election growth

The Guardian - US

Exclusive: Prediction market Kalshi launches crypto deposits as Trump maintains big lead on betting sites

Kalshi still lags behind Polymarket, the offshore leader among electoral betting markets.

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Kalshi points to a Trump win. Its 28-year-old CEO says the betting market is more reliable than polling

Kalshi points to a Trump win. Its 28-year-old CEO says the betting market is more reliable than polling

Meet the man trying to turn electoral betting into a $1 trillion market.

Betting on the election will soon be legal in US after massive court ruling

Betting on the election will soon be legal in US after massive court ruling

Betters have already poured hundreds of millions of dollars into the political prediction market

The Independent UK

Some companies want to bet on US elections. Not everyone agrees.

Some companies want to bet on US elections. Not everyone agrees.

Critics are concerned platforms like Kalshi’s plans to offer bets on upcoming elections could sway the outcome.

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