Report: Meta Developing Prediction Markets App to Compete with Kalshi and Polymarket
Mark Zuckerberg has reportedly directed Meta to build a prediction market app that would compete with rapidly growing gambling sites like Polymarket and Kalshi.
Kalshi
‘Political Insider Trading’: Kalshi Suspends 3 Congressional Candidates for Betting on Their Own Campaigns
Prediction market platform Kalshi announced Wednesday that it has suspended three congressional candidates and imposed financial penalties after they were caught trading on their own election campaigns in violation of the platform’s rules.
U.S. Senate Moving Bi-Partisan Bill to Ban Sports Betting on Prediction Markets like Kalshi, Polymarket
A bill to ban sports betting on prediction markets has been introduced by a bi-partisan group of U.S. Senators to prevent betting.
‘Everybody Got Screwed:’ Prediction Market Kalshi Refuses to Pay Winnings on Trades Related to Khamenei’s Death
Prediction market Kalshi has drawn outrage for refusing to pay out winnings on a $54 million trade related to the death of Iranian Supreme Leader Ayatollah Ali Khamenei.
