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The Latest Breaking News from Kalshi

Robinhood's Prediction-Market Revenue Running Above $200 Million Annualized In September

Robinhood Markets, Inc.’s (NASDAQ:HOOD) event-contracts business is accelerating, with September revenue pacing above a $200 million annualized rate as partner Kalshi’s volumes surge on NFL and NCAAF (college) football.

Benzinga

DraftKings (DKNG) Stock Pressured By Bear Cave Report On Growing Prediction Market Threat

Shares of DraftKings Inc (NASDAQ:DKNG) are trading off session highs Thursday following a new report from The Bear Cave highlighting a growing competitive threat from prediction markets.

Benzinga

Fed Preview: A Rate Cut Is Baked In, Will Trump Get The 'Big Cut' He Wants

The Federal Reserve is expected to cut rates on Wednesday at the Federal Open Market Committee meeting for September.

Benzinga

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Cracker Barrel Q4 Preview: Analyst Says Rebranding Backlash 'Largely Temporary'

Restaurant company Cracker Barrel Old Country Store (NASDAQ:CBRL) will try to get investors and analysts focused on growth plans instead of a poorly received logo change when the company reports fourth-quarter financial results after market close on Wednesday.

Benzinga

Nvidia's Market Capitalization Surpasses Canada's GDP, As McKinsey Projects $1.7 Trillion AI Data Center Spend By 2030

Nvidia Corp.’s (NASDAQ:NVDA) market capitalization has reached a staggering $4.32 trillion, surpassing the gross domestic product (GDP) of Canada's entire economy, as new forecasts point to explosive global demand for AI-driven data centers.

Benzinga

Federal loopholes may have opened the door for sports betting alternatives that skirt Texas’ gambling ban

While the state's strict ban on gambling hasn’t changed, fast-growing daily fantasy sports and prediction market apps are giving Texans new ways to wager without leaving home.

The Texas Tribune

DraftKings Faces Parlay Blow As NFL Betting Action Heats Up

Bank of America Securities analysts weighed in on the U.S. sports betting landscape following the opening week of National Football League and college football action, observing a complex yet broadly favorable environment for operators.

Benzinga

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Cathie Wood Ditches DraftKings Stock Ahead Of NFL Season, Turns To Prediction Markets: 'Could Reshape The Way'

Ark Invest and Cathie Wood appear ready to place their bets on the winner in the sports betting market ahead of the 2025 NFL season.

Benzinga

Polymarket's New Rival? Coinbase-Backed Startup Bags $15 Million In Seed Funding For Blockchain-Based Prediction Platform

A former Polymarket executive disclosed on Wednesday a $15 million seed funding round for a new venture named The Clearing Company, which aims to compete in the prediction market space.

Benzinga

Nayib Bukele's 'Funniest Things' Remark Leaves Crypto Community Buzzing, El Salvador On Its Way To Reaching $1 Billion Bitcoin Reserves?

El Salvadoran president Nayib Bukele hinted at boosting the country’s Bitcoin (CRYPTO: BTC) holdings to $1 billion on Wednesday, causing a spike in odds on prediction markets.

Benzinga

Swiftonomics: How brands may cash in on Taylor and Travis’ engagement

Singer Taylor Swift and football player Travis Kelce announced their engagement on Tuesday afternoon.

Euronews

Donald Trump Jr. Reportedly Investing Eight Figures In Polymarket

Donald Trump Jr.'s venture capital fund, 1789 Capital, has made a multi-million-dollar investment in Polymarket, the blockchain-based prediction platform recently valued at more than $1 billion.

Benzinga

Robinhood Snubbed By S&P 500 Again, But Cathie Wood's Ark Invest Sees Big Upside In Sports-Finance Convergence

Shares of Robinhood Markets Inc. (NASDAQ:HOOD) have stumbled, falling over 7% in the last five trading sessions, as it didn’t make it into the SP 500 index again; however, a bullish outlook from Cathie Wood‘s Ark Invest sees the company poised to disrupt the multi-billion-dollar sports betting industry.

Benzinga

Are sports prediction markets betting or investing? Two new Robinhood lawsuits could define how they are regulated going forward

Robinhood is suing both New Jersey and Nevada to argue that its users should have access to sports contracts.

Fortune

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Benzinga

Mark Cuban Asks: Have IPOs Turned Into 'Meme Coins' As Hype, Listing Gains, Volatility Levels Collide

Investor Mark Cuban is drawing parallels between the initial public offerings of several companies in recent months and “meme coins” such as Dogecoin and the TRUMP coin, among others.

Benzinga

Scoring Big: How Kalshi Is Shaking Up DraftKings, FanDuel This NFL Season

With weeks to go until the 2025 National Football League season starts, sportsbooks are already feeling increased pressure and competition from the likes of Robinhood Markets Inc (NASDAQ:HOOD) and Kalshi.

Benzinga

Elon Musk Just Put Grok In Charge Of The Future

Could the future of finance hinge on a conversation with a chatbot? Two of America's fastest-growing disruptors—xAI and Kalshi—just teamed up to fuse AI with prediction markets. Effective immediately, Grok, xAI's flagship chatbot, will power Kalshi's event betting platform, marking a bold new frontier for both companies.

Fortune

Polymarket and Kalshi see massive drop in users—but big opportunities ahead

New data shows prediction markets, which have attracted plenty of buzz, are still figuring out a business model.

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Latin Times

AOC's Chances of Clinching The Dem Nomination See Slight Spike After Clapping Back Against Claims of Supporting Military Spending

AOC's chances of clinching the 2028 Democratic presidential nomination saw a slight spike after clapping back against claims she voted for military spending.

MarketBeat

How Robinhood Stock Benefits From New Pro Gambling Tax Changes

New gambling laws in the OBBB Act are wreaking havoc on the U.S. sports betting scene. Here's why Robinhood will emerge as an unlikely sports betting winner.

Benzinga

2028 Election Odds Out From Polymarket: Vance Tops List At 27%, Trump Has 5%, Here's What Voters Say In New Poll

President Donald Trump has been in office for nearly six months of a four-year term. While Trump has more than three years left, prediction markets and polls for the 2028 presidential election are already heating up.

Latin Times

Dan Bongino's Chances of Leaving Trump Admin As MAGA Influencer Predicts His Resignation Over Epstein Files Debacle

After a MAGA influencer speculated that FBI Deputy Director Dan Bongino would depart "in the next week," bettors try to predict who will leave the administration next.

Latin Times

Ken Paxton's Chances of Unseating John Cornyn in Wake of Alleged Affair-Driven Divorce, According to the Betting Market

Texas Attorney General Ken Paxton's lead over Sen. John Cornyn to be the Republican candidate for Senate dropped following Paxton's alleged affair-driven divorce.

Latin Times

Bettors Race to Predict Pam Bondi's Ousting in Wake of MAGA Outrage Over 'Epstein List'

As MAGA hardliners' frustration with the Trump administration's handling of the Jeffrey Epstein investigation continues to mount, online bettors are rushing to the open market to predict when the first big domino will fall.

Benzinga

Trump And Wall Street Want Rate Cuts—The Data Says: Keep Waiting

A stronger-than-expected labor report just crushed any hopes that the Federal Reserve would lower rates this month—despite speculation from Wall Street and direct demands from President Donald Trump.

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