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The Latest Breaking News from Polymarket

LeBron James, the only billionaire currently active in the NBA, signs a minimum contract with the Philadelphia 76ers

"I’ve never been able to have no clue what to do and take real time to just think," the chosen one said about his latest decision.

Fortune

Stock Market: Will S&P 500 Open Up or Down Today?

The S&P 500 suffered its steepest one-day decline in a month on Thursday as surging oil prices and earnings from Tesla Inc. (NASDAQ:TSLA) and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) rattled investors, but Polymarket traders are betting the benchmark index will rebound at Friday’s open.

Benzinga

The Miami Heat, LeBron James, and prediction markets: How a ‘mistake’ social media post turbocharged a $245 million wager

“There’s a market for everything, and I think people have recognized that there’s a market for everything,” Georgetown’s Marty Conway told Fortune.

Fortune

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Trump Jr.'s Investment Firm Posts 200% Returns, Helped by Polymarket's Meteoric Rise

Donald Trump Jr.’s investment firm 1789 Capital has reportedly generated returns of roughly 200%, driven partly by an early bet on prediction market platform Polymarket.

Benzinga

Polymarket Traders See Rising Odds of Cilia Flores' Release as Speculation Grows Over Possible U.S.-Venezuela Deal

Prediction market bettors are increasingly wagering that Cilia Flores, the wife of former Venezuelan leader Nicolás Maduro, could be released from U.S. custody before the end of the year, fueling speculation that Washington and Caracas may eventually reach some form of negotiated agreement.

Latin Times

Prediction market Kalshi now has a ‘hub’ for bets on everything tied to the midterm elections

As interest in political betting grows, so do concerns about the potential for corruption and inside trading tied to popular exchanges

The Independent UK

Inside 1789 Capital - the investment firm run by Don Jr cashing in on his father’s policies

Critics said the rate at which 1789 Capital benefited from its proximity to the White House is ‘unprecedented’

The Independent UK

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Polymarket and Kalshi Are 'Likely' Underestimating Odds of Crypto Bill Passage Due to Insider Trading Restrictions, Says Fundstrat's Tom Lee

Tom Lee, co-Founder and Head of Research at Fundstrat Global Advisors, said on Tuesday that the Clarity Act has stronger passage odds than shown in prediction markets like Polymarket and Kalshi.

Benzinga

Stock Market: Will S&P 500 Open Up or Down Today?

The S&P 500 rallied on Tuesday as strong corporate earnings and a rebound in semiconductor stocks lifted equities. However, Polymarket traders are betting the benchmark index will open lower on Wednesday as rising oil prices and renewed inflation concerns cloud the outlook.

Benzinga

Did Congress Waste Warsh Hearings on AI While Inflation Runs Hot? Cato Blasts Focus on 'Trendy Topics'

New Federal Reserve Chairman Kevin Warsh faced Congress last week for the first time, but a Cato Institute economist says lawmakers may have squandered their best chance to press him before rates move.

Benzinga

Stock Market: Will S&P 500 Open Up or Down Today?

U.S. stock futures were higher heading into Monday morning as investors weighed an escalating military campaign against Iran, rising American casualties, and renewed concerns over global oil supplies.

Benzinga

World Cup's New Playbook: Prediction Markets Grab Spotlight, Sports Gambling Trails

Kalshi and Polymarket made an all out effort to boost their prospects through aggressive marketing campaigns in sync with the round-the-clock coverage across the globe the tournament generated.

International Business Times

Rep. Anna Paulina Luna tipped off MAGA influencer on Trump’s VP pick for Polymarket bet: report

The tip allegedly inspired an investigation by federal regulators amid growing concern over insider political betting

The Independent UK

UFC Prediction Markets Lopsided for Du Plessis vs. Usman

Polymarket heavily leans on Dricus Du Plessis over Kamaru Usman at UFC Fight Night. Usman has lost three of his last four bouts.

Sports Illustrated

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Fortune

World Cup final is already the biggest ever prediction market as Kalshi bets top $1.27 billion—with Spain favored to beat Argentina

Overall prediction market bets tied to the World Cup on Kalshi and Polymarket have collectively exceeded $29 billion in total trading volume.

France 24

France orders internet providers to block access to Polymarket prediction site

France's main gambling sector regulator said ⁠on Friday it had ‌instructed the ‌country's internet service providers to block access to the Polymarket website, one of a number of online prediction markets that allow people to bet on the outcome of future events. The move aims to enforce an existing ban…

The Times of India

Trump's teleprompter operator under federal probe over alleged $90,000 Kalshi insider trading bets

Donald Trump's teleprompter operator, Gabriel Perez, faces federal investigation for alleged insider trading. He is currently on unpaid leave from the White House after this development. The investigation focuses on trades made on prediction market platform Kalshi. Kalshi detected suspicious activity and alerted regulators, freezing Perez's account. Perez is reportedly…

Fortune

Exclusive: Prediction market startup Pascal raises $9 million to challenge heavyweights Kalshi and Polymarket

The New York-based startup raised a Series A led by Union Square Ventures.

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Sports Illustrated

Polymarket is trending towards the New York Yankees on its latest World Series price shift.

The Times of India

Clavicular and Congresswoman exchange sharp words as looksmaxxing and geomaxxing debate takes another dramatic turn

Clavicular’s response to Alexandria Ocasio Cortez’s comments has turned a discussion about looksmaxxing into a much wider debate. After introducing his geomaxxing idea, he drew mixed reactions online. Polymarket then joined the moment with a prediction market about his possible travels, adding humor while keeping attention on an already controversial…

Benzinga

'Big Short' Investor Steve Eisman Says AI Has 'No Moats,' Which Is 'Not A Recipe For Longevity'

Steve Eisman, the investor made famous by “The Big Short,” warned this week that the artificial intelligence giants driving the stock market may lack the one thing that justifies their spending: a moat.

Benzinga

Stock Market: Will S&P 500 Open Up or Down Today?

The S&P 500 ended higher on Tuesday after a softer-than-expected inflation report boosted hopes that the Federal Reserve may not need to tighten monetary policy as aggressively this year. Polymarket traders now expect the benchmark index to extend those gains at Wednesday’s open.

Bangkok Post

OpenAI is showing Kalshi’s World Cup odds in ChatGPT

NEW YORK — Kalshi, the startup that lets users wager on almost anything, has struck a partnership with artificial intelligence (AI) company OpenAI to show World Cup prediction market data in ChatGPT search results.

MarketBeat

Why "Big Short" Investor Michael Burry Sees Upside in Beaten-Down Sportbook Stocks

Michael Burry bought DraftKings and Flutter shares, betting regulation will curb prediction markets like Kalshi, as Wall Street analysts also see both sportsbook stocks as undervalued.

Marie Claire

The Manosphere Is Ruining 'Love Island USA'

After years of being for the girls and gays, toxic masculinity is taking over the hit dating show on- and off-screen.

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