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The Latest Breaking News from Kalshi

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

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.

Fortune

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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 Conversation

‘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…

The Mary Sue

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.

We Got This Covered

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

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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

The Independent UK

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.

Barchart

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.

Fortune

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

The Independent UK

Early Kalshi employees raising up to $35 million for a prediction market VC fund with backing from the CEOs of both Kalshi and Polymarket

Other investors include Marc Andreessen through the fund Moneta Luna and Micky Malka of the fintech investment firm Ribbit Capital.

Fortune

Trump impeachment odds reach record high on betting sites

IN FULL

The Independent UK

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The Independent UK

Trump impeachment odds soar to record high 69% on popular online betting platform

This figure has steadily risen over time, growing from 33 percent the week after the election to 59 percent after his inauguration

Fortune

Kalshi locks in $22 billion valuation, gaining slight edge over its fierce rival Polymarket

The startup has doubled its valuation in about two months.

Fortune

'A month ago, no one would have believed this': June Fed rate hike odds just surpassed rate cut odds as stagflation fears grow

The Atlanta Fed’s Market Probability Tracker places the odds of a rate hike at about 15% within the next three months.

The Independent UK

MLB partners with Polymarket, makes integrity pact with federal commission on prediction markets

Major League Baseball is entering an official partnership with Polymarket and has an agreement with the federal commission overseeing prediction markets to collaborate on integrity concerns

Get all your
news in one place.

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Fortune

Mick Mulvaney: Stop calling it a 'prediction market.' It’s sports betting

The former White House chief of staff says it's time to call the illegal gambling operation, run through a regulatory backdoor, what it really is.

International Business Times

Arizona Charges Kalshi in Crackdown on Alleged Illegal Gambling

The web-based prediction market platform Kalshi is facing criminal charges brought by the state of Arizona for operating an alleged illegal gambling business, allowing users to bet on elections.

The Independent UK

Marshall drops plans to eliminate women's swimming and diving a week after student-led lawsuit

Marshall has dropped plans to eliminate its women's swimming and diving program

The Independent UK

Arizona hits Kalshi with criminal charges, escalating fight between states and prediction markets

Arizona has become the first state to file criminal charges against Kalshi, accusing the prediction market platform of operating an illegal gambling business within its borders

Fortune

McDonald's newest $3 value menu is sounding an alarm about America's K-shaped economy

The fast food giant's affordability push comes as lower-income consumers pull back on spending.

International Business Times UK

Why Prediction Market Kalshi Refused to Pay Out $54 Million Following Ayatollah Ali Khamenei's Death

Kalshi is under fire for not paying out $54 million to traders who bet on Ayatollah Khamenei's removal, raising questions about prediction market rules.

The Independent UK

Kalshi announces $1 billion jackpot for a perfect March Madness bracket

‘You probably won’t win this contest,’ said the online betting company in a severe understatement

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