Rounds of funding for prediction market sites Kalshi and Polymarket value the two platforms at $2 billion and $1 billion, respectively.| Gambling Industry News
Kalshi secured another victory in federal court in Nevada over its sports prediction markets, as a judge dismissed a motion to dismiss its lawsuit.| Gambling Industry News
Last week I laid out my own expectations for what economic policy would look like in a Trump or Harris presidency. Now after yesterday’s market reaction, we can infer what market participants…| Economist Writing Every Day
I doubt anyone has been waiting for my take on the Trump and Harris economic plans to decide their vote. More than that, it is entirely reasonable to vote based on things other than their economic …| Economist Writing Every Day
Kalshi just announced that they will begin paying interest on money that customers keep with them, including money bet on prediction market contracts (though attentive readers here knew was in the …| Economist Writing Every Day
And I twisted it wrong just to make it rightHad to leave myself behindAnd I’ve been flying high all nightSo come pick me up, I’ve landed -Fed Chair Ben Folds on the Covid inflation The …| Economist Writing Every Day
I’m back from Manifest, a conference on prediction markets, forecasting, and the future. It was an incredible chance to hear from many of my favorite writers on the internet, along with the C…| Economist Writing Every Day