Topic: #kalshi
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Polymarket trader 0xA2 tops daily leaderboard with $917K on midterm bets
Polymarket trader 0xA2 led the platform's daily leaderboard with $917,000 in profit after Democrats swept the US midterms, Decrypt reported, though most of the gains are unrealized while Alaska's result is pending.
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Utah files felony charges against Kalshi and its co-founders over sports bets
Utah charged prediction market Kalshi, CEO Tarek Mansour and COO Luana Lopes Lara with illegally promoting gambling, a day after the CFTC sued the state to block enforcement against registered exchanges.
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Kalshi odds of a Tesla-SpaceX merger hit 67% after Barclays analysis
Kalshi traders pushed the odds of a Tesla-SpaceX merger to 67% from 60% after a Barclays analysis, Crypto Briefing reported. Neither company has confirmed any merger talks, filings or plans.
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Ipsos poll: 69% of Democrats, 61% of Republicans oppose prediction market election bets
An Ipsos poll published by Reuters found 69% of Democrats and 61% of Republicans oppose using prediction markets to bet on elections, CryptoSlate reported. The poll measured approval of betting, not trust in forecasts.
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CFTC proposes treating event contracts as swaps, excludes sportsbook and casino wagers
The CFTC announced two actions on Oct. 9: a proposal to expressly include sports and other event contracts in the swap definition, and an interim final rule codifying the exclusion of sportsbook and casino wagers.
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Kalshi probes three bets on Katie Zacharia placed before press secretary pick
Kalshi is investigating three bets on Katie Zacharia placed shortly before she was named White House press secretary, the WSJ reported. The stakes totaled under $175, with potential payouts above $9,500.
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Kalshi prices California Prop 40 billionaire wealth tax at 32% despite poll support
Kalshi traders put the odds of California's Proposition 40, a one-time 5% tax on billionaires' net worth, passing in 2026 at 32%, Crypto Briefing reported, even as two unnamed polls showed more voters in favor than opposed.
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Kalshi in advanced talks to raise about $1B at $40B valuation, Reuters reports
Prediction market platform Kalshi is reportedly in advanced talks to raise about $1 billion at a $40 billion valuation, per Reuters sources cited by Cointelegraph. It closed a round at $22 billion in May.
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XRP needs 11% gain to reach $1.70 level Kalshi traders favored, U.Today says
Kalshi traders saw XRP as most likely to hit $1.70 in September, U.Today reported on Sept 27, when the token traded at $1.53 and needed a gain of more than 11% in three days.
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Susquehanna's Maletz: Prediction Markets Need Market Makers for Institutional Adoption
Jeremy Maletz, head of macro trading at Susquehanna International Group, says prediction markets could serve as hedging tools for institutional investors, but adoption depends on market makers providing liquidity and stability across platforms like Kalshi.