Mark Zuckerberg is betting that prediction markets are the future. the new York Times report that Zuck wants Meta to have its own Polymarket-like smartphone app, and has given it permission to develop one internally, calling it “Arena”. The app will be independent from Meta’s other social media offerings, although sources told the newspaper that…
Prediction Market Startup Kalshi announced on Thursday A $1 billion Series F round, valuing the company at $22 billion. he is Valuation doubled to $11 billion Kalshi was arrested just five months ago after raising a $1 billion Series E. This latest round was led by Coatue, with the participation of Sequoia, Andreessen Horowitz, and…
It appears that Arizona Attorney General Chris Mayes’ case against prediction market Kalshi has stalled. Commodity Futures Trading Commission announced on friday It has won a temporary restraining order preventing the state from pursuing its criminal case against Kalshi (whose CEO Tarek Mansour is pictured above). CFTC Chairman Michael S. “Arizona’s decision to weaponize state…
Prediction market Kalshi is making it easier for its users to interact on Meta’s social network threads. Kalshi now offers a share option that will automatically embed relevant predictive market charts into Threads posts. Whether people want to discuss who’s going to win Best Picture or which reality TV contestant is going to go home,…
According to a story about Cole’s win, when Elon Cole saw that Elon Musk fans were eagerly bidding for a contract on the prediction market Kalshi that the Department of Government Efficiency (DOGE) could effectively reduce federal spending in a year, he knew he had to bet. Wall Street Journal. If Cole, an international tax…
Prediction market Kalshi, which allows people to bet on future events, announced It raised a $1 billion funding round at an $11 billion valuation on Tuesday, TechCrunch confirmed. Scoop from last month, The round was led by returning investor Paradigm, with participation from Sequoia Capital, Andreessen Horowitz, Capital G and other existing backers. The latest…
