'No more': Washington state sues Kalshi, alleging prediction market amounts to illegal gambling – GeekWire Share Screenshots of Kalshi ads and betting markets included in Washington state's complaint. At right, an ad cited by the state shows a text conversation in which one person tells another they "found a way to bet on the NFL even though we live in Washington.†Washington Attorney General Nick Brown is suingprediction market platform Kalshi, alleging the company violates state gambling and ...

On the 539th Sporticast episode, hosts Scott Soshnick and Jacob Feldman discuss the prediction market boom with Robinhood VP and GM of futures and prediction markets JB Mackenzie. Global prediction market trading volume grew more than 400% from 2024 to 2025 as large financial companies including Coinbase and Robinhood have invested in the category, while teams and leagues get in on the action too. Mackenzie shared numbers on Robinhood’s prediction market growth since its launch early in 2025, as well as t ...

DKNG is trying to rally off its post-earnings lows, but has work to doDraftKings Inc (NASDAQ:DKNG) stock is 3.8% higher to trade at $24.57 at last check, after the Wall Street Journal reported U.S. Senators were introducing a bipartisan bill that would ban sports betting from prediction markets. Companies like Kalshi and Polymarket have taken a chunk of sportsbooks' market share for betting, a headwind that contributed to DKNG's 13.5% post-earnings bear gap on Feb. 13.Sector peer Flutter Entertainment (FLUT ...

According to WSJ, U.S. Senators Adam Schiff and John Curtis plan to introduce a bipartisan bill that would prohibit CFTC-regulated platforms from offering contracts tied to sporting events. The legislation would affect prediction-market platforms including Kalshi and Polymarket’s U.S. platform. Schiff said the markets effectively act as a “backdoor” around state consumer protections and gambling regulations. ...

预测赛道只有龙一没有龙二三跟其他赛道完全不一样polymarket无论各方面都碾压其他家完全找不到所谓的对手无论是产品用户体验，流动性，交易量还是团队能力，项目资源等等等都吊打其他家 ...

Nevada won a temporary restraining order to prevent prediction-market platform Kalshi from offering event-based contracts related to sports, elections and entertainment https://t.co/xQ7QGTH1qV ...

Core Viewpoint - DraftKings presents a significant investment opportunity with a price target of $50, which is approximately double its current stock price of $23.67, indicating potential for solid performance in the coming years [2][5]. Company Overview - DraftKings has a market capitalization of $12 billion and operates within a competitive landscape that includes regulatory challenges and emerging prediction markets [6][3]. - The company is leveraging its brand strength and technological advantages to capture a larger share of the expanding online gaming and sports betting market [6]. Market Potential - Management forecasts the total addressable market for DraftKings to grow from $34 billion in 2025 to between $55 billion and $80 billion by 2030, representing a midpoint growth of 15% [4]. - The prediction market segment is expected to become a $10 billion gross revenue opportunity for DraftKings, with higher gross margins than traditional sportsbooks, leading to accelerated revenue and earnings growth [6][7]. Strategic Initiatives - DraftKings has launched its own prediction market to compete with other platforms, integrating it into its existing sportsbook for a seamless user experience [3]. - The company plans to utilize advanced technology to act as a market maker in prediction markets, which could enhance its revenue streams and profitability [7]. Financial Outlook - Management's guidance for 2026 includes an adjusted EBITDA of $800 million, with the current enterprise value being 16.5 times that figure, suggesting a favorable valuation [8]. - Analysts expect strong EBITDA growth in 2027, with the company's current valuation at just 10 times its expectations, indicating a significant margin of safety and potential for stock price appreciation [8].

Nevada Becomes First State to Ban Prediction Market Kalshi—At Least for Nowhttps://t.co/Yw51cROHlK ...

MLB Names Polymarket Official Partner as Legal Uncertainty PersistsMLB has named Polymarket its official prediction market exchange and signed an MOU with the CFTC to establish an information-sharing and integrity framework. Regulatory uncertainty remains, with the American Gaming Association arguing such markets fall under state-level sports betting rules. The agreement includes a termination clause if courts rule prediction markets violate state laws. ...

Kalshi Raises Over $1B at $22B Valuation Despite Regulatory PressureAccording to Bloomberg, Kalshi has raised more than $1 billion in a new funding round at a $22 billion valuation, roughly doubling from about $11 billion in December 2025; the round was led by Coatue Management, and the company’s annualized revenue stands at approximately $1.5 billion. Despite regulatory pressure, including accusations by the Arizona attorney general of operating an “illegal gambling” business, investor demand for exposure ...