Prediction Markets
Kalshi confirms $1 billion raise at $22 billion valuation
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Kalshi has secured $1 billion in fresh funding, doubling its valuation to $22 billion in a round led by Coatue. The U.S.-based prediction market platform reported strong growth in institutional trading amid broader interest in event contracts.
The Commodity Futures Trading Commission has issued a no-action letter providing regulatory relief to prediction market operators. The measure eases compliance with swap data reporting rules for fully collateralized event contracts.
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Predict 2026 has attributed its decision to shift a conference from Las Vegas to New York to pressure from the Nevada Gaming Control Board. The regulator has firmly denied any such intervention. The dispute highlights ongoing tensions between prediction markets and state gaming authorities.
A 38-year-old U.S. Army Special Forces soldier who participated in the capture of Venezuelan leader Nicolás Maduro faces federal charges for using classified details from the operation to place winning bets on Polymarket. Gannon Ken Van Dyke allegedly turned $33,000 in wagers into $409,000 in profit. Prosecutors described the actions as insider trading.
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Hong Kong's government has suspended its plan to launch legal basketball betting, citing the rise of prediction markets. Home and Youth Affairs Minister Alice Mak Mei-kuen said the decision considers local circumstances and evolving external conditions to protect public interest. Former lawmaker Doreen Kong Yuk-foon called for predicting technological influences in future policy papers.
Venture capital funds in the cryptocurrency sector are redirecting investments toward artificial intelligence, prediction markets, stablecoins, and fintech, according to a Bloomberg report. This pivot comes amid declining digital asset prices and increased competition from traditional investors. The trend signals a broader reevaluation of priorities in the crypto startup landscape.
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DraftKings has partnered with Crypto.com to broaden its prediction markets offerings, introducing the first player-specific sports event contracts for the NFL and NBA. This collaboration enhances access to various sports predictions and lays groundwork for future categories like politics and entertainment. The expansion is available in select U.S. states through the DraftKings Predictions app.
MoonPay acquires Dawn Labs and launches AI trading tool
May 10, 2026 02:59White House adviser says Clarity Act could become law by July 4
May 09, 2026 18:35Executives call for federal rules on sports betting as financial product
May 04, 2026 14:46SEC delays review of prediction market ETFs
April 30, 2026 16:12Gemini secures CFTC derivatives license for prediction markets
March 18, 2026 13:46Hypebeast releases week 2 college hoops culture report
March 13, 2026 20:30Hypebeast introduces college hoops culture report for March tournament
March 03, 2026 17:59Kalshi and Bezel launch Watch Futures prediction market for luxury watches
February 25, 2026 11:36Kalshi suspends MrBeast editor and California candidate for insider trading
February 22, 2026 15:38Bitwise CIO challenges Layer 1 commoditization view