Trump Jr.-linked 1789 Capital leads Polymarket’s $1B raise: Report
Donald Trump Jr.linked 1789 Capital will reportedly lead a $1 billion investment round into Polymarket, which would value the platform at $21 billion, just…
Kalshi lays down first lifetime ban for ex-member of Congress George Santos
The prediction market platform banned Santos for manipulation as part of the industry's ongoing efforts to show it's dealing with bad behavior. Source：CoinDesk
Kalshi takes legal blow in court ruling confirming state powers over prediction markets
This latest U.S. appeals court ruling sets up a rift between federal courts on event contracts, suggesting the U.S. Supreme Court may need to settle the…
Connecticut's new lawsuit against Kalshi piles on to prediction market legal fight
The courtroom combat across state and federal courts is so far producing roughly split outcomes, suggesting a big job may be coming for the Supreme Court.…
Kalshi’s $1.5B equity offering is three-quarters sold at $1.12B
The Form D lists 71 investors and says Kalshi is relying on an exemption that allows certain private offerings without SEC registration. Source：Cointelegraph
Kalshi off-limits in multiple states as prediction markets, CFTC team up for battle
Washington state is cut off for Kalshi customers while the company combats the development in court and its federal regulator keeps pursuing new rules.…
States are coming after prediction markets — and setting up a costly legal battle over who gets to regulate them
Prediction markets like Kalshi are regulated in different ways across states. There’s a better way for them to thrive. Source：MarketWatch
Cantor opens Kalshi prediction markets to thousands of institutional clients
The investment bank will help its roughly 3,000 institutional clients execute large block trades in event contracts. Source：CoinDesk
Kalshi ordered to stop broad range of prediction markets in Washington
Kalshi must implement initial geofencing by Aug. 19 and a GeoComply multisource geofencing system by Sept. 2. Source：Cointelegraph
City of Baltimore goes after prediction markets for sports betting
The city’s complaint over gambling laws and deceptive trade practices included Robinhood, Webull and Coinbase as partners with prediction market platform…
Kalshi in talks with Sequoia, Wellington for $750 million fund raise at $40 billion valuation
The predictionmarket platform raised $1 billion at a $22 billion valuation in May and is now discussing a new round that could nearly double that figure.…
Prediction markets should dial back faulty filings for incentives to boost trading: CFTC
The U.S. regulator of platforms such as Kalshi and Polymarket suggests the industry is getting into bad compliance habits that may allow for market abuse.…