The prediction market is rolling out tokenized contracts on Solana to meet crypto traders where they already are, Kalshi told CNBC.
If you open your brokerage this year and a “Markets” tab seems to be sprouting unfamiliar yes/no questions (“Will the Fed cut rates in March?”, “Will a major ETF get approved this quarter?”), you wouldn’t necessarily be hallucinating. The recent regulatory green-light for Polymarket via a cleared path under its newest acquisition of an exchange […]
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Market share data shows the pair now dominates sector-wide flows, forming a fast-consolidating duopoly amid growing capital formation.
The court cases will continue for the moment.
Prediction markets have quickly become one of the hottest private market themes in crypto and fintech, echoing earlier cycles.
Nevada’s ruling says sports outcome contracts on a federally regulated exchange are not swaps, opening the door for state gambling laws to apply.
Robinhood is deepening its foray into prediction markets with plans to launch a derivatives exchange through a new JV with Susquehanna.
Polymarket and Kalshi are the two dominant prediction market platforms, which have seen around $42.4 billion in cumulative volume.
Investors participating in the round include Sequoia, CapitalG, a16z, Paradigm, Anthos Capital, and Neo, according to TechCrunch.
The CFTC-regulated exchange is gaining ground on crypto-native Polymarket, offering event contracts with fiat access and legal clarity.
The FanDuel Predicts app is set to offer event contracts on sports, crypto prices and other benchmark assets, according to the release.
This marks a milestone for Polymarket, which left the US due to an enforcement case with the Commodity Futures Trading Commission.
The news comes a week after Google said it will integrate predictions data from Polymarket and Kalshi directly into its search results.
Led by Polymarket and Kalshi, prediction markets have become a high-growth sector within digital assets as they let users wager on events.
Polymarket is preparing to relaunch in the US by the end of this month, and has teased an upcoming token launch.
Polymarket’s U.S. comeback follows record trading volumes and growing competition in the prediction market sector.
Kalshi argues that the CFTC has exclusive jurisdiction over derivatives on federally regulated exchanges, and state interference would fragment the system.
That level would mark a more than 10-fold increase since June, when Polymarket raised $200 million at a $1 billion valuation.
Less than two weeks ago, the prediction platform startup raised more than $300 million at a $5 billion valuation.
The league's first-ever licensing agreements with non-sportsbook platforms mark a shift in pro sports’ embrace of event-based derivatives.
The platform, powered by Kalshi, allows users to speculate on the race outcome, with initial trading limits set to ensure stability.
Polymarket has launched up/down equity and index markets in a new Finance hub weeks after its U.S.-cleared earnings markets debuted.
The two platforms combined for a record-setting $1.44 billion in volume during September, reflecting surging mainstream interest.
A high-stakes capital race has redefined the prediction market. Kalshi’s $300 million raise at a $5 billion valuation positioned it as the most valuable CFTC-regulated event-contract exchange in history. The firm’s expansion into 140 countries and growing list of macro and cultural markets seemed to cement its place as the global leader. Around the same […]
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Kalshi raised $300 million at a $5 billion valuation on Friday after recently overtaking Polymarket in global market share.
The funding round was led by major investors including Sequoia Capital, Andreessen Horowitz, Paradigm, CapitalG and Coinbase Ventures.
ICE is in advanced talks to invest $2 billion in Polymarket, potentially valuing the platform between $8 billion and $10 billion, according to WSJ.
Wang said prediction markets are the 'Trojan Horse' for crypto, as it's a more accessible form of crypto options.
Kalshi’s weekly trading volume exceeded $500 million with an average open interest of around $189 million, surpassing Polymarket’s figures, according to Dune analytics data.
Kalshi's prediction markets for sports resemble licensed sports wagering products, the lawsuit said.