Polymarket saw $529M traded on bets tied to bombing of Iran
Six newly-created accounts made a profit of $1 million by correctly betting that the U.S. would strike Iran by February 28.
Kalshi
An accountant won a big jackpot on Kalshi by betting against DOGE
A tax accountant saw Elon Musk fans bidding up a Kalshi prediction market and saw a sure bet to make easy money.
Kalshi fined a MrBeast editor for insider trading on markets related to the YouTube star
Kalshi fined the MrBeast editor, Artem Kaptur, for over $20,000.
Kalshi raises $1B at $11B valuation, doubling value in under two months
The latest funding comes less than two months after Kalshi announced that it raised $300 million at a $5 billion valuation.
Coinbase CEO Brian Armstrong trolls the prediction markets
While Armstrong may have helped some Kalshi and Polymarket users make a little money, he was also illustrating how easily these markets can be manipulated.
Kalshi hits $5B valuation days after rival Polymarket gets $2B NYSE backing at $8B
Prediction markets startup Klashi raised $300 million, while Polymarket nabbed up to $2 billion.