Kalshi

Kalshi debuts a midterm election hub that relies on real-money bets to forecast race outcomes

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Kalshi, one of the leading prediction markets, is starting a midterm election hub that offers real-time forecasts driven by wagers predicting race outcomes. The hub displays election outcome forecasts, polling, fundraising statistics and historical election data, the company said in a statement on Wednesday. Kalshi bills the hub as a “one-stop-shop for state and federal election … Read more

White House teleprompter operator allegedly made nearly $100,000 on Kalshi bets on Trump speeches

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A White House teleprompter operator allegedly made nearly $100,000 on bets placed on Kalshi related to President Trump’s State of the Union and other speeches. CBS News has confirmed the identity of the federal employee as Gabriel Perez.  A spokesperson for Kalshi said the company investigated Perez’s trading activity after its surveillance systems detected trades … Read more

Graham Platner’s chances of dropping out skyrocket to 94% after party revolt: Kalshi

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NEWYou can now listen to Fox News articles! Traders on prediction market Kalshi are piling into wagers that Maine Democratic Senate candidate Graham Platner will drop out of the race by next week. The contract on whether Platner will drop out before July 14 soared to 94 cents Tuesday morning from the previous single digits, … Read more

Spotify removes streams of No. 1 song after suspicious Kalshi bets

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Spotify has removed streams of a song that shot to the top of the charts on Wednesday after it discovered that suspicious bets related to the music track had been placed on the prediction market Kalshi.  The song “Earrings” by musician Malcolm Todd soared 70% overnight Sunday, earning it the top spot on Spotify’s U.S. … Read more

Kalshi looks to tackle insider trading by asking some users for their employer info

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The prediction market platform Kalshi will soon require users to disclose their employer before placing certain trades that involve sensitive information, the company confirmed to NBC News on Tuesday. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The new requirement will apply to markets deemed at higher risk … Read more

George Santos betting activity on Kalshi flagged to DOJ, source says

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Betting activity by disgraced former Rep. George Santos on the prediction market Kalshi has been flagged to federal authorities, according to a source familiar with the investigation. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Kalshi alerted the Justice Department and the United States Commodity Futures Trading Commission … Read more

House lawmakers launch insider trading probe into Kalshi and Polymarket

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The House Oversight Committee said on Friday that it is opening an investigation into Kalshi and Polymaket over alleged incidents of insider trading by users of the prediction markets.  Rep. James Comer of Kentucky, the panel’s chairman, sent letters to Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan requesting internal documents to determine what the companies … Read more