All articles tagged with #kalshi
Online prediction markets such as Polymarket and Kalshi now let people bet on whether U.S. and major metro home prices will end the month within a range, underscoring a broader shift toward treating homes as tradable assets and prompting debate over usefulness, hedging, and who benefits from price discovery.
An anonymous trader earned over $400,000 on Polymarket by betting Maduro would be ousted, just hours before a nighttime raid was announced, fueling scrutiny of insider trading risks in 24/7 prediction markets. The piece explains how these markets work, their volatile yet growing use, and the regulatory landscape in the U.S. with competitors like Kalshi and calls for tighter rules.
Kalshi, a prediction market platform, has notified regulators of plans to list markets on whether college athletes will enter the transfer portal, drawing criticism from the NCAA due to concerns over athlete pressure and integrity. While Kalshi states it has no immediate plans to offer such trading, the move highlights ongoing tensions between emerging prediction markets and sports regulatory bodies.
Luana Lopes Lara, a former ballerina and MIT graduate, has become the world's youngest self-made woman billionaire after her prediction market platform, Kalshi, reached an $11 billion valuation, driven by rapid growth and successful regulatory milestones.
Luana Lopes Lara, a former professional ballerina and MIT graduate, co-founded Kalshi, an innovative prediction market platform now valued at $11 billion, making her the world's youngest self-made woman billionaire. The company faced regulatory hurdles but succeeded in establishing a new asset class for trading on future events, and has seen rapid growth and expansion into crypto and partnerships, despite ongoing legal challenges.
The NHL has signed multiyear deals with prediction market companies Kalshi and Polymarket, marking the first such agreements between a major U.S. sports league and prediction markets, which operate across all states and allow trading on event outcomes, including sports. The partnership aims to integrate prediction markets into the sports ecosystem, despite regulatory and integrity concerns raised by some industry groups.
The NHL has announced multiyear partnerships with Kalshi and Polymarket, making them official prediction market partners, providing brand exposure and access to NHL data, signaling growth and acceptance of prediction markets in sports fan engagement.
Prediction markets are rapidly gaining popularity and posing a significant threat to traditional online gambling companies like DraftKings and FanDuel, driven by surging wagers on platforms like Robinhood and Kalshi, especially with the upcoming 2024 elections and new features like customizable parlays. This shift is causing stock declines and strategic reevaluations in the industry, highlighting a potential industry shakeup.
Billionaires are increasingly investing in prediction markets like Kalshi, which have gained regulatory approval and are expanding rapidly, driven by their potential to revolutionize how future events are traded and predicted, with the market size potentially reaching hundreds of trillions of dollars.
Kalshi, a prediction market platform, is prepared to defend itself against a Massachusetts lawsuit accusing it of offering unlicensed sports betting, arguing that its activities are regulated at the federal level by the CFTC and that the state's legal approach is outdated. The company emphasizes the importance of prediction markets as a 21st-century innovation and is fighting legal challenges in multiple states, amid broader industry developments including Polymarket's potential US re-entry.
Massachusetts has sued Kalshi, alleging the platform offers illegal sports gambling without a license, and is seeking to prevent it from offering sports event contracts in the state, citing concerns over regulatory compliance and revenue from sports wagers.
A 30-second AI-generated ad for Kalshi, created in just two days with a cost under $2,000, has gained over 3 million views and is raising questions about AI's role in the future of advertising, including cost savings and creative possibilities, while also highlighting ongoing debates about consumer perception and the importance of human connection.
A surreal, AI-generated commercial for Kalshi aired during the NBA Finals, created by filmmaker PJ Accetturo using Google's Veo 3 AI video generator and ChatGPT, costing around $2,000 and produced in just two days, showcasing bizarre scenes to promote betting on real-world events.
Kalshi aired a $2,000 AI-generated ad during the NBA Finals, created using Google's Veo 3 text-to-video generator, showcasing bizarre scenes related to betting and current events, highlighting the growing use of AI in advertising.
Bitcoin is nearing record levels, with 60% of Kalshi users betting it could surpass $100,000 by the end of 2024. The cryptocurrency has surged over 28% since the U.S. presidential election, driven by President-elect Donald Trump's favorable stance on crypto regulations. Currently trading around $89,000, Bitcoin's strong positive sentiment suggests it may reach six figures by year-end, according to analysts.