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The Latest Breaking News from Kalshi

Traders placed over $1bn in perfectly timed bets on the Iran war. What is going on?

Suspicious wagers on the US-Israel war in Iran are creating huge windfalls and raising concerns among lawmakers

The Guardian - US

‘Abhorrent’: the inside story of the Polymarket gamblers betting millions on war

A Guardian investigation reveals how the prediction market can shape news – and how it rules on ‘the truth’

The Guardian - UK

Prediction markets have made betting easier than ever—and young men are paying the price

“I think about that money I lost every single day,” says Samuel Sharkey, a 23-year-old who lost about $10,000 on Kalshi.

Fortune

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White House warns staffers not to place bets on prediction markets amid the Iran war: report

Three new Polymarket accounts raked in over half a million dollars after accurately predicting the Iran War ceasefire

The Independent UK

Prediction markets are back the spotlight, this time because of the war in Iran

Prediction markets let people wager on anything from a basketball game to the outcome of a presidential election — and recently, even the fate of the U.S. and Israel’s war against Iran

The Independent UK

Betting Against George RR Martin: Why Prediction Markets Give The Winds of Winter a Staggering 83% Chance of Failure

Prediction markets on US exchange Kalshi now assign only a slim chance that George RR Martin will announce a release date for The Winds of Winter by the end of 2026.

International Business Times UK

WATCH: Kalshi founders talk insider trading, gambling, Don Jr. on "The Axios Show"

Kalshi has become very big business.

Axios

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Iraq vet lashes out at Polymarket for ‘disgusting’ bets on airmen’s lives in the Iran war

Online betting platform Polymarket has finally stopped accepting wagers on when U.S. warplane crew members, shot down in Iran, might be rescued, promising an investigation into how such a market ever appeared. According to The Guardian, this move comes after significant criticism, particularly from a federal lawmaker who called the…

The Mary Sue

Polymarket apologizes after letting users bet on downed U.S. pilots in Iran: 'It should not have been posted'

Prediction market bets on outcomes of the war in Iran have sparked ethical concerns. Polymarket CEO Shayne Coplan said similar markets create “more money, more problems.”

Fortune

Is Trump Being Forced Out Under The 25th Amendment? Calls To Oust The President Rise Amid Intensifying Scrutiny

Donald Trump's Easter Sunday post targeting Iran has led to increased calls for the 25th Amendment, reflecting a growing political crisis.

International Business Times UK

Prediction markets challenge tribal casinos’ hard-won place in US gambling

At the Indian Gaming Association’s annual convention in San Diego this week, two words have dominated the agenda: Prediction markets

The Independent UK

US government sues Illinois, alleging unlawful efforts to regulate prediction markets

Booming prediction market sites, such as Kalshi and Polymarket, face scrutiny from states and Congress

The Guardian - US

Prediction markets caught insider traders in real time. Congress wants to shut them down anyway

Blockchain-based platforms Polymarket and Kalshi are doing what Wall Street regulators never could—leaving a public, immutable trail of suspicious trades.

Fortune

Prediction markets have sparked a golden age of insider trading—but the party may be coming to an end

Suspicious wagers on everything from U.S. military actions to MrBeast episodes have finally roused officials to take action.

Fortune

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Fortune

New top federal enforcer has his sights set on ending insider trading in prediction markets

“We will aggressively detect, investigate, and where appropriate, prosecute insider trading in the prediction markets,” said CFTC director of enforcement David Miller.

Fortune

Paradigm, a major investor in Kalshi, is building its own prediction markets trading terminal, sources say

The longtime crypto venture firm has invested three times over into Kalshi, and Paradigm’s managing partner Matt Huang is on the startup’s board.

The Conversation

How polling failures, gambling legalization and political gridlock paved the way for the explosive rise of prediction markets

Though prediction markets have been legal in the U.S. for less than 18 months, they can’t stop making news and making money.

The Mary Sue

‘I’m signing an executive order’: Gavin Newsom just pulled a president-worthy move, and Donald Trump won’t recover anytime soon

California Governor Gavin Newsom is signing an executive order today that bans state officials with insider information from betting on prediction markets. This move directly expands existing ethics rules, prohibiting state appointees from using non-public information to enrich themselves or their family members through these fast-growing platforms. The order takes…

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We Got This Covered

I’m signing an executive order’: Gavin Newsom makes his first president-worthy move, and it’s a direct slap in Donald Trump’s face

The public will always lose out to the Trump clan.

The Independent UK

Polymarket opens pop-up bar for in person bets - but its first night was a bust

Polymarket’s ‘Monitoring the Situation’ bar was a three-day pop-up event in Washington, D.C.

The Independent UK

Kalshi and Polymarket rush to ban insider trading as senators move to curb prediction markets

Kalshi and Polymarket are tightening their rules on insider trading as Congress appears to be moving closer to cracking down on prediction markets

Barchart

DraftKings Stock Is Challenging Its 20-Day Moving Average as Lawmakers Push to Limit Prediction Markets. Should You Chase the Rally Here?

DraftKings shares gain as U.S. lawmakers introduce a bipartisan bill to ban sports betting on prediction markets. Here’s why that warrants buying DKNG stock.

Fortune

Kalshi takes a page from Warren Buffett’s March Madness playbook by offering $1 billion for a perfect bracket

For less-than-perfect brackets, Kalshi is promising $1 million to the user who correctly guesses the most winners.

The Independent UK

Move to ban sports betting on prediction sites sees bipartisan support

IN FULL

The Independent UK

Senators want to ban sports betting on prediction sites like Polymarket and Kalshi: report

Sens. Adam Schiff and John Curtis want to prevent the apps from allowing sports betting as the practice becomes more integrated in professional leagues

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