Prediction markets hit $188B record as Kalshi dominates, legal fights intensify
Prediction markets saw $188B in Q3 2026 volume, led by Kalshi; sports contracts spark legal disputes.
06/10/2026 16:489 min read
Kalshi
Kalshi in Talks for $1 Billion Raise at $40 Billion Valuation
Kalshi is in advanced talks to raise $1 billion at a $40 billion valuation, nearly double its May figure.
30/09/2026 04:449 min read
Elon Musk Backs 2027 AGI Prediction; Traders Remain Skeptical
Elon Musk endorsed a viral post predicting AGI by 2027, but traders on prediction markets still give OpenAI low odds of announcing AGI before then.
28/09/2026 07:1511 min read
Kalshi AI ad swap sparks backlash: Asian creator turned white
Kalshi's AI ad swapped an Asian YouTuber for a white actor, sparking outrage. Wash trading allegations add to its woes.
24/09/2026 12:448 min read
Kalshi bot halts after wash trading suspicions emerge
A Kalshi bot making repetitive trades on a Mamdani market has stopped, following wash trading allegations and analysis.
22/09/2026 18:5810 min read
Kalshi Under Fire as Identical $5,500 Trades Raise Wash Trading Questions
Kalshi faces claims of inflated crypto volume after $5,500 trades dominated its ether perp market, which it dismisses as confusion between products.
21/09/2026 11:2611 min read
Kalshi Misfired on Michigan Football Market, Handing $18.6M to Wrong Side
Kalshi prematurely settled a Michigan vs. Western Michigan market, paying $18.6M to the wrong side before a last-second touchdown, then reversed the payouts.
06/09/2026 19:4211 min read
LeBron James Partners with Polymarket as Prediction Markets Gain Traction
LeBron James partners with Polymarket, a prediction market platform, announcing a full reveal on Tuesday.
06/09/2026 13:579 min read
Kalshi bars betting on its own Supreme Court case
Kalshi will not allow betting on whether its legal dispute with New Jersey reaches the Supreme Court, citing principle.
04/09/2026 12:137 min read
Donald Trump Jr. Profits from Both Kalshi and Polymarket
Donald Trump Jr.'s venture firm 1789 Capital is investing $300 million in Polymarket, adding to his advisory role and equity in rival Kalshi.
02/09/2026 03:5710 min read
Kalshi Bars GOP Candidate After She Wagered on Her Own Contest
Kalshi suspended GOP candidate Laurie Buckhout for three years for betting on her own race, with a fine exceeding her wager.
01/09/2026 09:277 min read