Tag: Prediction Markets
As second quarter yields record revenue, DraftKings Chief Executive Jason Robins pledges to monitor prediction markets
7 August 2025 at 12:11pm UTC-4
DraftKings Chief Executive Jason Robins is not ruling out getting into prediction markets.
During Thursday’s investors call, Robins said the company will take a wait-and-see ...
Coinbase to launch US prediction platform in the coming months
4 August 2025 at 6:38am UTC-4
Cryptocurrency exchange Coinbase has revealed plans to expand its operations in the US to include prediction markets and other services.
Prediction markets allow customers to ...
Wondr Nation launches pop culture online game
1 August 2025 at 1:55pm UTC-4
Questions about movies, music and other trending pop culture ephemera seem to have little to do with the gaming industry.
But Wondr Nation’s newest venture intends to act as ...
Robinhood’s second quarter beats Wall Street expectations
1 August 2025 at 7:11am UTC-4
Prediction platform Robinhood reported US$989 million in second-quarter revenue, a 45% year-over-year increase, beating Wall Street’s estimate of US$908 million.
Net interest ...
Kalshi announces partnership with Elon Musk’s xAI
28 July 2025 at 6:52am UTC-4
Online prediction platform Kalshi has confirmed a partnership with Elon Musk’s artificial intelligence startup xAI, bringing the Grok chatbox to Kalshi’s trading platform ...
DraftKings mulls acquisition of prediction market Railbird Exchange
16 July 2025 at 6:12am UTC-4
DraftKings is in talks to acquire Railbird Exchange, a federally licensed prediction market platform, as reported by Front Office Sports.
According to a Front Office Sports ...
Mescalero tribe urges crackdown on online sports betting in New Mexico
10 July 2025 at 5:34am UTC-4
The Mescalero Apache Tribe is urging the New Mexico legislature and the Attorney General’s Office to help stop online gambling platforms that it claims are violating tribal ...
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 ...
