Tag: Prediction Markets
Higher taxes to crimp DraftKings earnings but not Rush Street’s, Jefferies analyst says
3 July 2025 at 12:15pm UTC-4
New, state-level tax increases and the cost of entering the prediction markets will be a squeeze on DraftKings’ revenue in the near future. That’s the forecast of Jefferies ...
Kalshi hits US$2 billion valuation after latest funding round
27 June 2025 at 7:14am UTC-4
Tarek Mansour, CEO of prediction platform Kalshi, announced in an X post that the company has closed a US$185 million funding round and is valued at US$2 billion.
Paradigm, a ...
Polymarket close to finalizing US$200 million funding round
25 June 2025 at 6:26am UTC-4
Blockchain-based prediction market company Polymarket is reportedly close to finalizing a US$200 million funding round that would value the company at more than US$1 billion ...
Kalshi director and CFTC nominee advocates for prediction markets
12 June 2025 at 8:19am UTC-4
President Donald Trump’s nominee to lead the Commodity Futures Trading Commission, Brian Quintez, was questioned about his links to trading platform Kalshi in front of a Senate ...
Polymarket ties up with X as official prediction market partner
9 June 2025 at 7:42am UTC-4
Prediction markets operator Polymarket has joined forces with social media giant X, as its official prediction market partner.
As part of the deal, Polymarket and X will ...
Prediction markets are gaming’s next big shortcut to 50-state access
31 May 2025 at 11:28am UTC-4
Prediction markets are creeping into the national spotlight and depending who you ask, they're either the future of federally regulated gambling or a dressed-up loophole designed ...
Court to rule over Nevada Resort Association joining Kalshi case
28 May 2025 at 7:25am UTC-4
A US District Court judge will have to decide whether to allow the Nevada Resort Association to intervene in a case over the legality of prediction markets.
The New York-based ...
Judge commits to move quickly on Kalshi Nevada judgment
20 May 2025 at 5:41am UTC-4
A District Court judge has confirmed that he will be aiming to bring a quick judgment in a case that could have profound implications for the US sports betting sector.
Judge ...
Prediction markets seem to be inevitable, panel says
15 May 2025 at 4:31pm UTC-4
During Wednesday’s panel discussion “Trading on the Future: Prediction Markets are Here to Stay” at SBC Summit Americas in Fort Lauderdale, Florida, panelists vociferously ...
CFTC drops Kalshi election betting appeal
7 May 2025 at 6:21am UTC-4
The Commodity Futures Trading Commission has dropped its appeal against online predictions platform Kalshi after a federal judge ruled that Kalshi could take bets on the outcome ...
