Polymarket continues its partnership spree with a Major League Baseball deal
MLB is only the latest in a string of recently announced partnerships involving the prediction market.
Polymarket
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.
OpenAI fires employee for using confidential info on prediction markets
The company said such trades violates its internal company policies about using confidential information for personal gain.
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.
Source: Kalshi’s valuation jumps to $11B after raising massive $1B round
The quickly growing prediction betting market raised fresh capital from Sequoia and CapitalG, according to someone familiar with the deal.
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.