Key Takeaways France holds a 35.4% chance to win the World Cup on Polymarket’s $3.9 billion market. Kalshi’s World Cup market reached $961,962,750 in volume, with France trading at 35.5%. Prediction platforms processed $50.69 billion […]
TLDR Spotify asked Kalshi and Polymarket to remove branding after manipulated streams affected music betting markets. More than 500,000 artificial streams pushed Malcolm Todd’s “Earrings” higher before Spotify completed review process. Kalshi’s Spotify song market […]
TLDR Kalshi and Polymarket recorded a combined $44.8 billion trading volume in June, marking a 75% increase from May. Kalshi led the growth with an 87.4% surge, reaching $31.5 billion in monthly trading volume. Polymarket’s […]
The rapid consolidation of the prediction market technology stack is raising the odds of a new wave of mergers and acquisitions across sports betting and financial markets, according to Wall Street broker Bernstein. Over the […]
Key Takeaways Kalshi traders assign a 76% probability that bitcoin hits $50,000 before $100,000, up 35% in recent weeks. Polymarket’s $45M annual bitcoin market prices a 64% chance BTC falls to $50,000 or lower before […]
Key Takeaways A trader netted $8.47 million in a day thanks to bets on the Sweden-Japan and Ecuador-Germany games. The Sweden-Japan match ended 1-1, paying the trader about $4.38 million on a $7.19 million position. […]
Key Takeaways Polymarket said hackers stole about $3 million from 11-plus users via a compromised third-party vendor. Peckshield traced the exploit to malicious frontend code that phished users into approving fraudulent transactions. Polymarket has stated […]
The regulatory fight over prediction markets has moved into another federal courtroom, with the Commodity Futures Trading Commission suing Kentucky officials in a case that could shape how event contracts are treated across the United […]
Kalshi is reportedly seeking fresh funding at a valuation of around $40 billion, a striking figure that shows how quickly prediction markets have moved from niche trading venues to one of the most closely watched […]
Key Takeaways NYT reports that Meta’s founder Mark Zuckerberg prioritizes Arena, a prediction markets app targeting 3.56 billion daily users. Arena will initially use a points system, with real-money wagering not ruled out for future […]
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