Jump Trading Invests in Polymarket Kalshi
@JumpTrading plans to acquire small stakes in prediction markets Kalshi and Polymarket, providing liquidity in exchange for equity, as reported by Bloomberg. #Update #Crypto
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Polymarket Launches Federal Lawsuit Against Massachusetts
@Polymarket has filed a federal lawsuit against Massachusetts, challenging the state’s authority over event contracts and seeking to prevent enforcement of state gambling laws. #Breaking #Legal $BTC (-8) ↘
Kalshi Banned from Massachusetts After Judge Ruling
Suffolk County Superior Court Judge Christopher Barry-Smith plans to issue a preliminary injunction against @Kalshi, prohibiting its operations in Massachusetts due to unlicensed sports wagering practices. #Update #Legal $BTC
Prediction Markets Emerge as New Asset Class
Prediction markets are emerging as a new asset class with monthly volumes around $10 billion, driven by platforms like @Robinhood and Polymarket, despite regulatory risks. #Update #Crypto $BTC
Prediction Markets Launch for 20M Phantom Users
@Phantom is launching prediction markets for its 20M users via a partnership with Kalshi, enabling trades on real-world events using Solana-based tokens. #Update #Crypto $SOL
Connecticut Bans Kalshi Robinhood Crypto.com Sports Betting
Connecticut’s Department of Consumer Protection issued cease-and-desist orders to @Robinhood, @Kalshi, and @Crypto.com for unlicensed online gambling. Non-compliance may lead to penalties. #Breaking #Legal $USDT
CNN Launches Kalshi Prediction Markets Integration
@CNN partners with @Kalshi for real-time prediction markets, integrating data into news coverage and analysis. Kalshi’s recent funding round valued it at $11 billion. #Update #Crypto $BTC
Solana Launches Tokenized Event Bets with Kalshi
@Kalshi has launched tokenized event contracts on the Solana blockchain to attract crypto traders, enhancing liquidity and anonymity in prediction markets. #Update #Crypto $SOL
Crypto Prediction Markets Hit Major Setback
@Kalshi lost a court case as a federal judge ruled Nevada regulators have jurisdiction over its sports contracts, potentially affecting all prediction markets. Appeal expected. #Update #Legal $BTC
Solana Launches Kalshi Prediction Market for F1
Jupiter DEX launches a Kalshi-powered prediction market for the F1 Mexico Grand Prix, allowing users to bet on drivers’ outcomes with initial trading limits in place. #Update #Crypto $JUP
Kalshi Raises $300M Valuation Hits $5B
@Kalshi raises over $300M at a $5B valuation, expanding prediction markets to 140 countries and projecting $50B in annual trading volume amid regulatory scrutiny. #Update #Crypto $BTC
Kalshi Surges Past Polymarket in Trading Volume
@Kalshi leads the prediction market sector with 62% trading volume, surpassing @Polymarket’s 37%. Kalshi’s weekly trading topped $500M, indicating higher turnover compared to Polymarket. #Update #Crypto $KSH
Polymarket Surges to $9B Valuation
Polymarket and Kalshi consider new funding rounds at $9B and $5B valuations, respectively, per The Information. #Update #Finance
SEC Challenges Kalshi Over Illegal Bets
Massachusetts Attorney General sues @KalshiEX for allegedly offering illegal sports betting contracts without a license in the state. #Breaking #Legal