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News
As Wildfire Smoke Spreads, Prediction Markets Bet On Air Quality
5+ hour, 5+ min ago (808+ words) Living in the western US, I am keenly aware of wildfires and the impact of smoke on life here. In the past week, much of the rest of the country has contended with smoke from fires in Canada. So, naturally,…...
Underdog Launches Its Own Exchange and Releases Big Volume Numbers
23+ hour, 48+ min ago (1491+ words) Right now Kalshi is No. 1 — more on that below — and everyone is playing catch-up in prediction markets. But it’s clear Underdog has designs on competing among the top operators…and already is. First some news. Underdog announced on Saturday it…...
Four Questions About The White House Teleprompter Operator Who Allegedly Bet On Kalshi
4+ day, 18+ hour ago (581+ words) First, here’s the news from ABC: There are tons of details in here; click through and support good journalism. That’s kind of a bombshell, I’d say. Four questions I’d love answers to: Mention markets tied to Trump speeches are the…...
Seinfeld Episode Or Prediction Market?
6+ day, 12+ min ago (1210+ words) Kramer: Oh I’m happy right here. Isn’t this place amazing? Planes flying in from all corners of the world, and they know the minute they’re arriving. Earl: Ah they don’t know a darn thing. That’s why my flight to Houston’s…...
How Much Kalshi Trading Is There On Things Other Than Sports and Crypto?
2+ week, 5+ day ago (546+ words) I’ll be at NEXTPredict in October; a lot of big names and smart people from the prediction markets industry will be there. Get your tickets now for 15% off using this link and promo code CLOSINGLINE15. People keep pushing the narrative that…...
World Launches As Solana-Based Prediction Market
2+ week, 5+ day ago (730+ words) Usually, I’m covering the US-regulated prediction market space. Plus Polymarket. Today, there’s some on-chain prediction market news. World Launches as the Solana Prediction Market: This morning, we are excited to announce that World is live, bringing crypto and World Cup…...
Why Do Prediction Markets Insist On Downplaying Sports Volume?
3+ week, 23+ hour ago (1340+ words) Prediction market evangelists have been trying to downplay the dominance of sports event contracts in trading volume pretty much since sports trading started in early 2025. Alternatively, you could argue they’ve been trying to talk up trading on “everything else.” I…...
Kalshi Reportedly Raising at $40B Valuation; IPO Likely Will Wait
3+ week, 5+ day ago (800+ words) The Kalshi train rolls on, with two interesting pieces of news on Wednesday. 🔍 It continues to be a meteoric rise for Kalshi. It’s also not clear current and future valuations take into account the risk that sports event contracts could…...
Kalshi Clears Two Mega Volume Milestones: $1B Single Day & $100B Lifetime
1+ mon, 5+ day ago (1692+ words) Kalshi passed $100 billion of total lifetime volume on Friday, then followed it up with a massive weekend. Single-day trading surpassed $1 billion on both Saturday and Sunday, the platform’s first-ever billion-dollar days. Kalshi’s growth began going exponential with the launch of…...
Five Things To Know About The Proposed CFTC Rules On Prediction Markets
1+ mon, 1+ week ago (1765+ words) Don’t lie: I know you already read all 267 pages of the Commodity Futures Trading Commission rules proposal for prediction markets that dropped on Wednesday. (God help you if that’s true.) In some ways, the proposed rules are a nothingburger. They…...