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The Latest Breaking News from Tarek Mansour

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.

International Business Times UK

Kalshi caught up in firestorm of controversy over bets placed on death of Iran’s Ayatollah Ali Khamenei

Kalshi caught up in firestorm of controversy over bets placed on death of Iran’s Ayatollah Ali Khamenei

The predictions market says promotion was ‘grammatically ambiguous’ and misunderstood by customers, reiterating that it ‘does not offer markets that settle on death’

The Independent UK

Surging prediction markets face legal backlash in US: ‘Lines have been blurred’

Surging prediction markets face legal backlash in US: ‘Lines have been blurred’

At least 20 federal suits filed against companies like Kalshi and Polymarket as lawmakers call it ‘loophole’ for gambling

The Guardian - US

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Prediction market Kalshi reached $1bn in trading volume during Super Bowl

Kalshi says ‘incredible weekend’ after $145m in bets on Bad Bunny’s opening song and guests during half-time show

The Guardian - US

An anonymous Polymarket trader made $400,000 betting on Maduro’s downfall—and now Washington wants answers

One congressman wants to pass a bill that would ban government employees from insider trading on prediction markets. But is it enough?

There are more self-made billionaires under 30 than ever before—11 of them have made the ultra-wealthy club in the last 3 months thanks to AI

While many Gen Zers are struggling to land entry-level jobs thanks to AI, the same technology is also fueling a new wave of young billionaires.

Former ballerina overtakes Taylor Swift to become the youngest ever female self-made billionaire

Luana Lopes Lara, co-founder of the online ‘prediction market’ start-up Kalshi, is now worth an estimated $1.3bn after her latest investment round

The Independent UK

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Meet Luana Lopes Lara: The 29-year-old ballerina spent college summers working for Ray Dalio—now she’s world's youngest female self-made billionaire

Meet Luana Lopes Lara: The 29-year-old ballerina spent college summers working for Ray Dalio—now she’s world's youngest female self-made billionaire

Following in the footsteps of Taylor Swift and Scale AI's Lucy Guo, Luana Lopes Lara has just been crowned the world's youngest female self-made billionaire. The millennial founder built an $11 billion startup in just six years.

10 Photos of Luana Lopes Lara: Kalshi Co-Founder Who Just Passed Taylor Swift as the Youngest Self-Made Female Billionaire

10 Photos of Luana Lopes Lara: Kalshi Co-Founder Who Just Passed Taylor Swift as the Youngest Self-Made Female Billionaire

Luana Lopes Lara becomes the youngest self-made woman billionaire after building Kalshi into an $11bn fintech powerhouse at just 29 years old.

International Business Times UK

Polymarket Rival Kalshi Announced Hitting $11 Billion in Valuation as Prediction Markets Rise to Popularity

Polymarket Rival Kalshi Announced Hitting $11 Billion in Valuation as Prediction Markets Rise to Popularity

Prediction market Kalshi announced a $1 billion funding round on Tuesday valued at $11 billion, as real-life events future betting platforms surge in popularity.

International Business Times UK

Investors are betting big on 'prediction markets' Kalshi and Polymarket—will the gamble pay off?

Investors are betting big on 'prediction markets' Kalshi and Polymarket—will the gamble pay off?

The two startups generated huge buzz by accurately predicting the 2024 election results. Their young founders still face long odds.

‘Betting’ site Kalshi, which predicted both Trump and Mamdani’s wins, parlays $2 billion valuation

‘Betting’ site Kalshi, which predicted both Trump and Mamdani’s wins, parlays $2 billion valuation

New York mayoral candidate Zohran Mamdani beat Andrew Cuomo for the Democratic nomination in a huge upset

The Independent UK

Prediction Market Kalshi Raises $185M, Surges To $2B Valuation

Prediction Market Kalshi Raises $185M, Surges To $2B Valuation

Prediction market platform Kalshi has secured a $185 million Series C funding round, pushing the company's valuation to $2 billion.

Prediction market Kalshi enters sports betting ahead of Super Bowl, after naming Donald Trump Jr. as an advisor

Prediction market Kalshi enters sports betting ahead of Super Bowl, after naming Donald Trump Jr. as an advisor

“Today, on the heels of our explosive growth, Kalshi takes its next big step: Sports.”

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The Guardian - UK

TechScape: Betting markets come for everything – and the FBI comes for a betting market

This week in tech news, online predictors are riding high after a slew of accurate US election wagers. Plus, Trump and Musk try to weaponize the communications regulator•

The Guardian - US

Online prediction betting markets look ahead after US presidential election triumph: ‘We’re just getting started’

Wagering platforms like Kalshi and Polymarket want to expand rapidly, offering bets on awards, epidemics, the economy and more, after ‘astronomical’ election growth

Exclusive: Prediction market Kalshi launches crypto deposits as Trump maintains big lead on betting sites

Kalshi still lags behind Polymarket, the offshore leader among electoral betting markets.

Kalshi points to a Trump win. Its 28-year-old CEO says the betting market is more reliable than polling

Meet the man trying to turn electoral betting into a $1 trillion market.

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The Independent UK

Betting on the election will soon be legal in US after massive court ruling

Betters have already poured hundreds of millions of dollars into the political prediction market

Some companies want to bet on US elections. Not everyone agrees.

Critics are concerned platforms like Kalshi’s plans to offer bets on upcoming elections could sway the outcome.

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