Kalshi

American statistician and writer Nate Silver on Friday described the 2024 U.S. presidential race is described as "a near coin flip," with Donald Trump narrowly leading Kamala Harris. What Happened: As of Oct. 31, Silver's forecast gives Trump a slight edge with a 53.4% chance of winning, compared...

As the 2024 presidential election between Vice President Kamala Harris and former President Donald Trump draws nearer, observers are looking for any clue to the ultimate winner. While polls have traditionally been the method of choice to forecast elections, polling misses in the 2016 and 2020...

This year's presidential election could go down as the race that changed the way people around the world can bet on sportsbooks and prediction markets, such as whether Donald Trump or Vice President Kamala Harris will win the 2024 presidential election. Investment company Public.com took a shot at...

Describing Kalshi's election betting platform as "a coin flip with a bias," CEO Tarek Mansour highlighted the platform's rapid growth, noting it has reached $200 million in trades and overtaken Cash App in U.S. finance app rankings. What Happened: Speaking on CNBC on Monday, Mansour explained that...

Jim Bianco, President of Bianco Research, addressed concerns about election betting market manipulation, stating that these markets are operating fairly and reflect accurate information. What Happened: In a detailed thread on X on Wednesday, Bianco argued that election betting markets, such as...

With just 14 days until the presidential election, former President Donald Trump's winning probability has surged to at least 60% on major prediction markets Polymarket and Kalshi. What Happened: Polymarket data shows Trump with a 63.3% chance of winning compared to Vice President Kamala Harris's...

Commodity Futures Trading Commission chair, Rostin Behnam, has urged Congress to address the regulation of cryptocurrency and election betting legislation. What Happened: Behnam made these remarks during the Securities Industry and Financial Markets Association’s annual meeting Monday, as...

A close head-to-head battle between Donald Trump and Vice President Kamala Harris is expected in polls for the 2024 presidential election. Betting prediction markets paint a different picture with one candidate jumping out to a sizable lead. Here's the latest. What Happened: Prediction markets...

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk is the world's richest person and has watched his wealth climb in 2024 despite the price of Tesla stock falling. A prediction market allows bettors to wager on if Musk will remain the world's richest man at the end of the year. What Happened: The title of the...

Republican presidential candidate Donald Trump set an all-time high in presidential betting odds against Vice President Kamala Harris on Polymarket. What happened: Punters on the so-called decentralized prediction market gave the former President more than a 55% chance of regaining power, up from...

Interactive Brokers (NASDAQ:IBKR) launched a new range of political betting contracts, allowing U.S. investors to hedge their portfolios against election-related risks. The contracts, which are available through the company's ForecastEx exchange, give traders the opportunity to speculate on the...

In a landmark development, prediction market Kalshi resumed taking bets on the outcome of the congressional elections after an appeals court lifted a ban on the platform’s operations by the CFTC. What Happened: The U.S. Court of Appeals for the District of Columbia denied the motion by the...

As Tropical Storm Debby clears Florida and makes a turn for the rest of the Eastern Seaboard, all signs point to the remainder of 2024’s storm season being particularly dangerous. The Latest On Debby: Tropical Storm Debby is nearing landfall in South Carolina, according to the National...

Image Source: Wikimedia Commons Abstract: Traders on Kalshi are confident that Jerome Powell will keep his job as Fed Chair, as President Biden is expected to name his replacement very soon. The Scene: Senator Sherrod Brown suggested on Monday that President Biden’s decision to renominate or...

Source: Wikimedia Commons Abstract: The Biden Administration is floating the idea of new taxes as a way to pay for a multi-trillion dollar reconciliation bill. Together, these policies could transform the US economy and tax code for years to come. The Scene: Washington is racing to pass a...