Prediction Markets

In a significant development, Kalshi, a rapidly expanding online prediction market platform, has successfully secured new funding. This latest investment round comes at a time when prediction markets are increasingly gaining mainstream recognition and attention. Prediction markets, which allow users to buy and sell contracts based on the outcome of...

In a move that's raising eyebrows across the United States, certain online platforms are rebranding sports betting as "prediction markets" to skirt state laws and regulations. This clever reclassification has enabled companies like Kalshi to tap into the multibillion-dollar sports betting industry, operating with relative impunity and avoiding the taxes...