Browsing: Kalshi

ERShares, the investment adviser to the ERShares Private-Public Crossover ETF (XOVR), reported that the estimated value of the fund’s investment in Kalshi rose to about $53.1 million after the prediction markets company received a new financing valuation. The estimated value represents an unrealized gain of approximately $23.1 million on XOVR’s original $30 million investment.

Kalshi’s announced $40 billion valuation reinforces XOVR’s private-public crossover strategy and its mission to broaden access to private equity through an ETF

Fanatics CEO Michael Rubin expects marketing across U.S. betting and gaming to more than double next year, saying prediction markets have turned a two-company race into a fight among five well-funded rivals.

Mo. (KCTV) – Missouri’s top attorney general is attempting to crack down on unlicensed prediction markets, sending cease-and-desist letters to several companies, including Polymarket and Kalshi

D.C.— Dominick Freda, Legal Director of Better Markets, issued the following statement regarding the decision in KalshiEX LLC v. Assad, No. 25-7516 (9th Cir.), rejecting Kalshi’s attempts to circumvent state gaming laws by calling its wagers “swaps”:

According to the announcement, they will use enterprise-grade weather data feeds to verify outcomes on climate-prediction trades.

Kalshi on Tuesday announced marketing partnerships with five Major League Baseball clubs.

New York City Council Speaker Julie Menin announced an investigation on Wednesday into the marketing and advertising practices of four prediction market platforms operating in New York City: Polymarket, Kalshi, Coinbase, and Gemini Titan.