Betting markets like Kalshi see the government shutdown lasting 10 days or more. Investors might not like that. MarketWatch Prediction markets see government shutdown lasting nearly two weeks CNBC Bitcoin, Ethereum and XRP Jump. Why Cryptos Are Rising Amid the Government Shutdown. Barron’s Government Shutdowns Have Meant Crypto Bloodbaths: Bad News Ahead For Bitcoin, Ethereum? Yahoo Finance Bitcoin Tops $119K, XRP, SOL, ETH Surge …
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Why Prediction Markets Like Kalshi Are Attracting Savvy Billionaire Investors
The savviest billionaire traders are placing their bets on budding prediction marketplaces. Thanks in part to Trumpworld connections, Kalshi is the front-runner in what could be a trillion dollar opportunity. On a frigid winter morning in 2023, discount brokerage firm billionaire Charles Schwab arrived at the SoHo offices of little known prediction market start-up Kalshi. Under his arm were several …
Read More »Massachusetts sues Kalshi alleging illegal sports gambling
The Kalshi logo arranged on a laptop in New York, US, on Monday, Feb. 10, 2025. Gabby Jones | Bloomberg | Getty Images Massachusetts filed a lawsuit in state court Friday against Kalshi, alleging the predictions platform offers sports gambling without a license under the guise of events contracts. “If Kalsi wants to be in the sports gaming business in …
Read More »Odds of Trump tapping David Zervos for Fed chief jump on Kalshi
David Zervos, Jefferies Scott Mlyn | CNBC The chances that Jefferies Chief Market Strategist David Zervos will become the next Federal Reserve chair are jumping on prediction market Kalshi as the Trump administration considers several candidates to succeed current Fed Chair Jerome Powell once his term expires next year. Users on Kalshi increased their bets that President Donald Trump will …
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