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The Latest Breaking News from Kalshi

DraftKings Stock Is Challenging Its 20-Day Moving Average as Lawmakers Push to Limit Prediction Markets. Should You Chase the Rally Here?

DraftKings shares gain as U.S. lawmakers introduce a bipartisan bill to ban sports betting on prediction markets. Here’s why that warrants buying DKNG stock.

Barchart

Kalshi takes a page from Warren Buffett’s March Madness playbook by offering $1 billion for a perfect bracket

For less-than-perfect brackets, Kalshi is promising $1 million to the user who correctly guesses the most winners.

Fortune

Move to ban sports betting on prediction sites sees bipartisan support

IN FULL

The Independent UK

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Senators want to ban sports betting on prediction sites like Polymarket and Kalshi: report

Sens. Adam Schiff and John Curtis want to prevent the apps from allowing sports betting as the practice becomes more integrated in professional leagues

The Independent UK

Early Kalshi employees raising up to $35 million for a prediction market VC fund with backing from the CEOs of both Kalshi and Polymarket

Other investors include Marc Andreessen through the fund Moneta Luna and Micky Malka of the fintech investment firm Ribbit Capital.

Fortune

Trump impeachment odds reach record high on betting sites

IN FULL

The Independent UK

Trump impeachment odds soar to record high 69% on popular online betting platform

This figure has steadily risen over time, growing from 33 percent the week after the election to 59 percent after his inauguration

The Independent UK

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Kalshi locks in $22 billion valuation, gaining slight edge over its fierce rival Polymarket

The startup has doubled its valuation in about two months.

Fortune

'A month ago, no one would have believed this': June Fed rate hike odds just surpassed rate cut odds as stagflation fears grow

The Atlanta Fed’s Market Probability Tracker places the odds of a rate hike at about 15% within the next three months.

Fortune

MLB partners with Polymarket, makes integrity pact with federal commission on prediction markets

Major League Baseball is entering an official partnership with Polymarket and has an agreement with the federal commission overseeing prediction markets to collaborate on integrity concerns

The Independent UK

Mick Mulvaney: Stop calling it a 'prediction market.' It’s sports betting

The former White House chief of staff says it's time to call the illegal gambling operation, run through a regulatory backdoor, what it really is.

Fortune

Arizona Charges Kalshi in Crackdown on Alleged Illegal Gambling

The web-based prediction market platform Kalshi is facing criminal charges brought by the state of Arizona for operating an alleged illegal gambling business, allowing users to bet on elections.

International Business Times

Marshall drops plans to eliminate women's swimming and diving a week after student-led lawsuit

Marshall has dropped plans to eliminate its women's swimming and diving program

The Independent UK

Arizona hits Kalshi with criminal charges, escalating fight between states and prediction markets

Arizona has become the first state to file criminal charges against Kalshi, accusing the prediction market platform of operating an illegal gambling business within its borders

The Independent UK

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Fortune

McDonald's newest $3 value menu is sounding an alarm about America's K-shaped economy

The fast food giant's affordability push comes as lower-income consumers pull back on spending.

International Business Times UK

Why Prediction Market Kalshi Refused to Pay Out $54 Million Following Ayatollah Ali Khamenei's Death

Kalshi is under fire for not paying out $54 million to traders who bet on Ayatollah Khamenei's removal, raising questions about prediction market rules.

The Independent UK

Kalshi announces $1 billion jackpot for a perfect March Madness bracket

‘You probably won’t win this contest,’ said the online betting company in a severe understatement

Fortune

Betting on 5-minute swings on Bitcoin price are the hot new thing on prediction markets

As Kalshi and Polymarket balloon in popularity, so too do quick-hit bets on crypto.

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news in one place.

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The Independent UK

Trump gives JD Vance a job: Go find ‘fraud’ in Democrat-led states like Minnesota

Trump will sign order tasking Vance with overseeing partisan initiative aimed at punishing states with Democratic governors

Barchart

Palantir Is Now a Sports Betting Stock. Does That Make PLTR a Buy Here?

Palantir still looks like a richly valued core AI infrastructure name where the sports-betting angle is a nice add-on — worth holding or buying on pullbacks, but not chasing blindly at more than 150 times forward earnings.

The Independent UK

Utah’s anti-gambling tradition meets Kalshi and Polymarket in a new legal fight

Utah has found itself at the forefront of a states' rights battle between itself and prediction markets like Kalshi and Polymarket

The Independent UK

Top Trump official is new frontrunner for 2028 presidential election

IN FULL

The Independent UK

Betting markets have a new favorite for the 2028 presidential election

Questions are mounting about who could run for the White House in 2028

Fortune

Polymarket taps Palantir AI to police sports betting before it's too late

The move is a reversal of the company’s previous stance that the platform could self-police.

The Conversation

Gamblers can now bet on the outcome of wars – and that’s a problem

The growing threat of conflict in the Middle East last week prompted a flood of activity in a little-known area of betting: prediction markets in which users can bet on a particular military action.

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