Kalshi seeks a $40 billion valuation, nearly doubling its April $22 billion price, weeks after raising $1 billion. A higher valuation would assert dominance in…

Kalshi sued Illinois over a new tax on prediction markets, arguing it unfairly targets their non-sports betting model. The case could set a precedent for how s…

Meta is developing "Arena," a gamified prediction markets app using points instead of real money. The move by Meta could disrupt the betting industry and raise…

Elon Musk became the world's first trillionaire thanks to his stake in SpaceX after the company's public debut on June 12. Prediction market traders think that…

A plurality of respondents to a new poll believes placing prediction market bets on election outcomes should be illegal. The Politico survey found that 44 perc…

The offering from the financial services company will reportedly only include yes-or-no bets on whether the S&P 500 closes above or below a target price.

Global financial institution Charles Schwab is the latest firm hoping to steal a piece of the growing prediction market pie.

The bill is meant to curb potential insider trading, blocking lawmakers and family members from policy-related prediction market bets.

The bill did not specifically bar members of the US Congress from using the platforms or making sports bets, but prohibited policy wagers.

Bitcoin Magazine Prediction Market Kalshi Eyes IPO as Revenue Hits $2 Billion Prediction market giant Kalshi is exploring a potential IPO for 2027 or 2028 afte…

The prediction market platform is reportedly exploring a public listing after surpassing $2 billion in annualized revenue as sports contracts face mounting leg…