Browsing Tag
Kalshi
4 posts
Polymarket is suddenly worth $21bn, and the hardest question is whether prediction markets are finance or gambling
Polymarket is seeking about $1 billion at a $21 billion valuation, with 1789 Capital committing roughly $300 million. The financing values the prediction-market platform at less than rival Kalshi but implies a paper value of about $4.6 billion for Intercontinental Exchange’s reported 22% stake. The harder question is whether billion-dollar annualised revenue can survive state-level legal battles, market-integrity scrutiny and a shift from speculative trading toward institutional financial infrastructure.
Robinhood (HOOD) extends its rally as crypto, tokenization, and prediction markets fuel momentum
Robinhood (HOOD) extends its rally as crypto, tokenization, and prediction markets fuel momentum, even as ARK trims and the valuation runs hot. Full analysis.
DraftKings (NASDAQ: DKNG) eyes a World Cup boost as prediction markets close in
DraftKings (NASDAQ: DKNG) finally turned a profit, then fell 30% as Kalshi and Polymarket attack its core. A World Cup summer is now the real test.
Venture capital piles into prediction markets as Kalshi secures $300m Series D
Kalshi raises $300m at a $5B valuation to expand its CFTC-regulated prediction market into 140 countries. Find out how it plans to go global.