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Kalshi has raised $1 billion in new funding at an $11 billion valuation, per TechCrunch. The round, led by returning investors Sequoia and CapitalG, comes less than two months after the prediction market operator clo...
Coinbase removed public access to an unreleased prediction markets platform on Wednesday, just 24 hours after tech researcher Jane Manchun Wong published screenshots revealing the company’s plans to allow users to trade on everything.
Wong, href="https://x.com/wongm...
Democratic Senators pressed Mike Selig, President Trump’s nomination as the next head of the Commodity Future Trading Commission, about sports event contracts during a hearing before the Agriculture, Nutrition and Forestry Committee today.
Selig’s responses were consistent: As CFTC chair, he will rely on the courts ...
Unless it’s repealed, a new tax provision capping the losses gamblers can deduct at 90% takes effect on Jan. 1, 2026. Meanwhile, prediction markets are rising in prominence.
A potential result of this dynamic: A migration of big gamblers — professionals and whales, ali...
Shayne Coplan, founder and chief executive officer of Polymarket, appeared on Tuesday at the Axios BFD Summit in New York City, saying that the traditional betting market is shifting away from sportsbooks toward prediction markets. Coplan didn’t spare his criticism of the current sports wagering market and its leading operato...
