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Prediction market platform Kalshi has raised more than $1 billion in a new funding round valuing the company at $22 billion - double its December valuation - with Coatue Management leading the deal. The transaction comes the same week Arizona's attorney general filed 20 criminal misdemeanor charges

Arizona Attorney General Kris Mayes filed 20 criminal misdemeanor counts against KalshiEx LLC and Kalshi Trading LLC on Tuesday, accusing the prediction market platform of operating an unlicensed gambling business and accepting illegal election wagers from Arizona residents. Arizona appears to be th

Polymarket bettors sent death threats to an Israeli military correspondent after he reported that an Iranian ballistic missile struck an open area near Beit Shemesh on March 10, a report whose wording determined the outcome of a $14 million-plus prediction market contract. The episode adds to mounti

The U.S. Commodity Futures Trading Commission (CFTC) is signaling closer oversight of prediction markets as the fast-growing sector begins to intersect more directly with traditional financial infrastructure. What Happened The agency’s Division of Market Oversight issued a new advisory on March 12 r

Polymarket has partnered with Palantir Technologies and TWG AI to build a real-time surveillance system for its sports prediction markets. The platform will use the Vergence AI engine to detect manipulation, screen prohibited users, and automate compliance reporting. The announcement comes as Polyma