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The Latest Breaking News from Kalshi

Bitcoin takes another plunge, chances of reclaiming $100,000 by year end drop to 24% on prediction markets

Bettors on Kalshi are putting their money on bearish positions.

Fortune

Coinbase Promises New Products In December, A Prediction Market Appears To Be One Of Them

Cryptocurrency exchange Coinbase (NASDAQ:COIN) has teased a launch of new products alongside a showcase event.

Benzinga

Detroit Lions, Dallas Cowboys Continue Thanksgiving Day NFL Tradition: Here's Why These 2 Teams Always Play On Holiday

For years, NFL fans have come to know that the Detroit Lions and Dallas Cowboys always play on Thanksgiving Day. These games often see high viewership with family gatherings taking place and people off of work with many places closed for the day, including the country's major stock markets.

Benzinga

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read the most diverse news in one place.

Kalshi Faces Setback After Nevada Judge Reverses Earlier Court Victory On Sports Betting

A federal judge reversed a crucial court win for prediction market platform Kalshi, ruling on Tuesday that contracts based on sporting event outcomes are not subject to the Commodity Futures Trading Commission (CFTC).

Benzinga

MGM CEO thanks Nevada Gaming Commission for action against prediction markets

Bill Hornbuckle said that prediction markets are ‘without a doubt sports betting’ as he thanked regulators for taking action on such platforms

The Independent UK

Bitcoin Snubbed By Magnificent Seven: Prediction Market Odds Crash To 5% From 69%

The Magnificent Seven stocks are among the largest companies in the world. Their earnings reports can cause high volatility in the market and what management says can send entire sectors up or down. If a Magnificent Seven company added Bitcoin (CRYPTO: BTC) to its balance sheet, the price of the…

Benzinga

How Kalshi Is Becoming Wall Street's New Obsession

Kalshi, the U.S. prediction-market platform backed by major venture firms, is fast growing in popularity thanks to a new funding round.

Benzinga

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Polymarket Bags Partnerships With PrizePicks, Yahoo Finance As Preparations For U.S. Return Gather Steam

The partnerships are pouring in for blockchain-based prediction market Polymarket as it prepares to reenter the U.S.

Benzinga

New York's Move To Ban Sports Betting In Prediction Markets Like Kalshi Sends These Stocks Lower: What You Should Know

Shares of sports-focused firms declined in Wednesday's after-hours session following a New York State bill seeking to ban sports-related prediction markets for residents.

Benzinga

Google To Leverage Polymarket, Kalshi's Prediction Markets Data To Harness 'Wisdom Of The Crowds'

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Google said Thursday it will integrate prediction market data from Polymarket and Kalshi on its Google Finance platform.

Benzinga

Robinhood is pulling in big money on prediction markets—but doesn’t want one of its own

CEO Vlad Tenev said Robinhood’s distribution channels mean it can rely on partner firms like Kalshi to supply prediction market exchanges.

Fortune

Taylor Swift, Elon Musk, Donald Trump, MrBeast — Robinhood Just Made Their Mojo Tradable

Robinhood Markets (NASDAQ:HOOD) launched prediction markets on the 2024 presidential election and sports outcomes through a partnership with Kalshi. The move, which was viewed as a potential disruptor to the sports betting sector, is now expanding into the entertainment and financial spaces with hundreds of new markets launched.

Benzinga

Prediction Markets Are Coming: Can DraftKings & FanDuel Survive?

Prediction markets are growing exponentially in the U.S., and sports books are feeling the pain. Can traditional betting platforms survive this new competition?

MarketBeat

Trump media firm dives into red hot prediction markets with Crypto.com

Prediction contracts will be available on the social media site Truth Social, allowing users to bet on elections and sports, among other events.

Fortune

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Benzinga

Trump Media To Challenge Polymarket, Kalshi? DJT Stock Surges On Prediction Market Announcement

Trump Media Technology Group Corp. (NASDAQ:DJT) jumped more than 6% on Tuesday's after announcing plans to launch Truth Predict, a new prediction markets platform inside its Truth Social app.

Benzinga

Polymarket Plans Token Launch, Eyes $15 Billion Valuation In New Funding Round

Prediction market giant Polymarket is preparing to launch a native token and airdrop as it seeks to raise fresh capital at a higher valuation.

Barchart

Traders Are Betting That the Government Shutdown Will Last More Than 41 Days. Here’s Who Isn’t Getting Paid.

Traders are betting that this latest government shutdown will be the longest in U.S. history. Unfortunately, that has serious financial ramifications for a whole lot of Americans.

Benzinga

Cathie Wood Goes All-In On DraftKings With $8 Million Stock Purchase As Rivals Like Kalshi Threatens Market Share, Sells Hot Stock Rocket Lab

On Tuesday, Cathie Wood-led Ark Invest executed significant trades involving DraftKings Inc. (NASDAQ:DKNG), Rocket Lab Corp (NASDAQ:RKLB), and DoorDash Inc. (NASDAQ:DASH).

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Fortune

Kalshi is the early leader in prediction markets, but its rival Polymarket is worth nearly twice as much. Why?

Polymarket is a crypto-native company, which could put it in position for a windfall.

Benzinga

Kalshi's $5 Billion Valuation Threatens DraftKings, ETF Traders Hedge Their Bets

Sports betting ETFs are experiencing a buildup in activity as DraftKings Inc (NASDAQ:DKNG) shares plummet, highlighting the way growing competition from prediction platforms is spilling over into ETF markets based on gaming and gambling.

Benzinga

DraftKings Vs. Kalshi Vs. Polymarket: Q3 Results, Guidance To Show Who's Leading NFL Betting Market

DraftKings Inc (NASDAQ:DKNG) could benefit from the expected record $30 billion to be legally wagered on the 2025 NFL season. That’s an 8.5% increase from last year's betting handle.

Benzinga

DraftKings (DKNG) Stock Is Trading Lower Tuesday: What's Driving The Action?

DraftKings Inc (NASDAQ:DKNG) shares are trading lower on Tuesday afternoon as investors process growing competitive pressures that overshadowed a major media partnership. Here’s what investors need to know.

Fortune

New York Stock Exchange parent company invests $2 billion in Polymarket at $9 billion valuation

The investment follows a previous venture round that reportedly valued the prediction market at more than $1 billion.

MarketBeat

Robinhood Up 12%—Could Prediction Markets Be Its Secret Weapon?

Robinhood's event contracts doubled in Q3, sparking a 12% stock surge. Here's how prediction markets may fuel HOOD’s long-term revenue growth.

Benzinga

Bear Cave Sees 'More Problems' Ahead For DraftKings As Prediction Market Volumes Continue To 'Explode'

Shares of DraftKings Inc (NASDAQ:DKNG) are in the spotlight on Thursday after research firm The Bear Cave published a new report detailing a growing competitive threat from prediction markets. Here’s what investors need to know.

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