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1789 Capital leads Polymarket to $21 billion valuation
The prediction-market platform’s latest fundraise follows an April deal at $15 billion and comes as it faces fiercer competition from Kalshi.
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Kalshi suspends North Carolina candidate over bets on her own race
The Republican nominee said she made a “dumb mistake” after the prediction-market exchange found she bought contracts tied to her campaign and imposed a three-year ban.
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Kalshi bans George Santos for life over State of Union betting
The prediction market said the former congressman wagered against his own attendance at President Donald Trump’s speech and then tried to move the market with public comments.
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Kalshi turns to Alpaca for global distribution
The brokerage infrastructure deal would let clients trade event contracts on familiar platforms, with overseas rollout depending on local approval.
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OpenAI showed Kalshi’s World Cup odds in ChatGPT
The search result for France and Spain showed a 60% win chance, and the tie-up was not promoted publicly.
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Kalshi lands exclusive US Open prediction-market deal
The agreement took effect as the tournament’s main draw began, but the financial terms were not disclosed and rival prediction platforms are barred from ads at the venue and on ESPN.
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B.C. says prediction-market sports bets are illegal gambling
The province sharpened its line after federal regulators said sports and entertainment contracts did not belong under securities rules.
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CFTC orders former White House teleprompter operator to repay Kalshi mention-market profits
Gabriel Perez must disgorge more than $107,000 and pay a $65,000 penalty after regulators said he used presidential speeches to trade contracts on words the president might say.
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CNN says 18-to-21 traders put $5.4 billion on Kalshi
The figures intensify a fight over whether prediction markets should stay open to 18-year-olds.
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Ninth Circuit lets Nevada enforce gambling laws against Kalshi sports contracts
The court said the contracts were sports bets, not swaps, and rejected Kalshi’s bid to block Nevada regulators.
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Kalshi partners with The Weather Company to bolster weather trading
The companies will use weather data feeds to verify contract outcomes, while Kalshi’s odds move onto Weather.com and The Weather Channel app.
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Kalshi filing shows $1.12 billion raised since April
The exchange says it has sold most of a nearly $1.5 billion private offering, even as reports point to fresh talks at a $40 billion valuation.