Tag: Prediction markets
Tribal leaders warn of threat from unregulated prediction markets
Tribal leaders and national Indian Country organizations met Tuesday at the United Indian Nations of Oklahoma March quarterly meeting at... more
With prediction markets rattling the gambling industry, some want U.S. Supreme Court to step in
Prediction markets, which let people bet on anything from sporting events to whether Iran’s supreme leader will be removed from power... more
Ohio judge rules that Kalshi is sports betting and must adhere to state law
An Ohio federal judge on Monday said she’s obligated to “avoid absurdity” and ruled that Kalshi’s prediction... more
Kalshi expands into Brazil with XP partnership
Kalshi is expanding beyond the US for the first time through a partnership with Brazilian brokerage XP, Bloomberg reported. Under the... more
Genius looking to join dots between M&A and prediction markets growth
Genius Sports expects to surpass $1bn by the end 2026 following the acquisition of Legend at the start of the year, while also continuing... more
DraftKings is using its sports-betting playbook to win prediction markets race
DraftKings’s strategy to become the leader in prediction markets is to do exactly what it did to dominate the online sports betting... more
Kalshi’s botched Khamenei market could be a problem for its Wall Street ambitions
Kalshi’s market on the removal of Ali Khamenei as supreme leader of Iran ended last weekend with the company taking a $2.2 million loss... more
Senate bill would ban federal officials from all prediction market trades
U.S. Senators Jeff Merkley and Amy Klobuchar Thursday introduced a new bill that would ban federal elected officials from trading on... more
Michigan sues Kalshi, alleges app is skirting state’s gambling laws
Michigan Attorney General Dana Nessel has sued the parent company of Kalshi, the so-called prediction market platform that allows users to... more
Underdog lays off employees as it expands into prediction markets
Daily fantasy sports operator Underdog Fantasy has laid off at least 125 employees, which is more than 20% of its workforce, as it shifts... more









