Tag: Prediction

Gemini stock soars premarket after US prediction markets license approval

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Key Takeaways Gemini stock surged in premarket trading following CFTC approval for derivatives exchange. Regulatory approval enables Gemini to expand into prediction markets beyond crypto services. Share this article Shares of Gemini Space Station (GEMI) jumped around 15% in premarket trading today after the company received approval from the Commodity Futures Trading Commission to operate a derivatives exchange. According to Bloomberg, Gemini, founded by the Winklevoss twins, plans to offer US customers the ability to trade event contracts across economic, financial, political, and sports forecasts. The company is also exploring…

Crypto Exchange Gemini Gets US Nod for Prediction Markets

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Crypto exchange Gemini, founded by billionaire twins Tyler and Cameron Winklevoss, has scored a license from the Commodity Futures Trading Commission to offer prediction markets in the US. Gemini said on Wednesday that its affiliate, Gemini Titan, received a designated contract market license from the CFTC and “plans to enter into the prediction markets space.” The company said that “starting shortly,” its US users would be able to trade event contracts on its web platform and could expand its US derivatives offerings to include crypto futures, options, and perpetual contracts.…

Prediction Market Boom Has Insider Trading Problems

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Prediction markets like Kalshi and Polymarket are growing, generating billions of dollars in volume. But some observers are concerned about the ethical problems and potential credit risks posed by major prediction betting platforms. Last week, Polymarket saw a notional volume of over $1.2 billion, according to Dune Analytics. Media giant CNBC has entered into a partnership with prediction market Kalshi to integrate prediction data in its TV, digital and subscription platforms. On the back of this success, Kalshi co-founder Tarek Mansour has mentioned creating “a tradable asset out of any…

Elite Traders Hunt Retail Investors On Prediction Markets

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Prediction markets are emerging as a new battleground in the crypto economy, where the best-informed traders are competing against casual retail bettors for profits. Most users are behaving more like sports bettors than disciplined traders, according to a Tuesday report from research firm 10x Research, which said they are trading “dopamine and narrative for discipline and edge.” It added: “Accuracy and profit are driven not by the crowd, but by a tiny, informed elite who price probability, hedge exposure, and extract premium from retail-driven longshots.” The rising liquidity and retail…

Crypto Prediction Markets Lure Traders With AI And Arbitrage

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Blockchain-based prediction markets are drawing in more speculators as traders hunt for returns that can beat simply holding spot cryptocurrencies, according to a new report. Prediction markets are emerging as a new speculative arena for traders, pitting casual retail participants against data-driven, professional traders, creating “extreme information asymmetry and meaningful arbitrage windows,” according to a Monday report from crypto research company 10X Research. While sports bets account for the lion’s share of activity on these platforms, Bitcoin (BTC) and crypto-outcome related events are presenting more niche opportunities that digital asset…

CNBC Signs Partnership with Prediction Market Kalshi

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CNBC has entered a multi-year partnership with prediction market operator Kalshi to incorporate real-time forecasting data across its TV, digital and subscription platforms. According to Thursday’s announcement, Kalshi’s event probability data will be integrated into CNBC programming beginning in 2026, including on shows such as “Squawk Box” and “Fast Money,” with a dedicated ticker displaying forecast moves in real-time. Kalshi will also launch a CNBC-branded page on its platform featuring markets selected by the network. Kalshi CEO Tarek Mansour said the integration was the “next evolution” of financial reporting, “moving…

Kalshi partners with CNBC to bring real-time prediction markets into financial news

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Key Takeaways CNBC and Kalshi have announced an exclusive partnership to integrate real-time prediction market data into CNBC’s financial coverage. The collaboration will provide viewers with continuous prediction insights, marking the first major newsroom use of live prediction data for economic and political events. Share this article CNBC and Kalshi agreed to a multi year partnership that will integrate real time prediction market data across CNBC television, digital, and subscription platforms. The deal is the first of its kind in a global financial newsroom and will give audiences direct insight…

YZi-Backed Opinion Breaks Prediction Markets Records

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YZi Labs, the venture capital company founded by Binance co-founder Changpeng “CZ” Zhao, is ramping up its bet on prediction markets as one of its portfolio platforms posted an unusual spike in trading volume. CZ took to X on Wednesday to welcome YZi-backed Predict.fun as a new prediction market launching on the BNB Chain. “When you make a prediction, you funds don’t sit idle, they generate yield,” CZ wrote, adding: “This tweet is not endorsement.” CZ’s post came a few weeks after Opinion, another prediction market backed by YZi, briefly…

Fanatics unveils prediction market platform Fanatics Markets with Crypto.com partnership

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Key Takeaways Fanatics has launched Fanatics Markets, a prediction market platform offering contracts in sports, finance, and culture. The platform partners with Crypto.com’s CFTC-registered exchange to provide institutional-grade trading across 24 states. Share this article Global digital sports company Fanatics has introduced Fanatics Markets, a prediction market platform that lets users trade on outcomes across sports, finance, politics, and culture, according to a Wednesday announcement. Fanatics has spent years building products that deepen fan engagement across everything from apparel to gaming. With Fanatics Markets, the company looks to offer a…

Prediction Market Kalshi Raises $1B at $11B Valuation

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Prediction market Kalshi has closed a $1 billion funding round at a valuation of $11 billion, after seeing its best-ever monthly volume in November. Confirming an earlier report by TechCrunch, Kalshi said on Tuesday that its latest Series E round was led by the crypto-focused venture firm Paradigm, with participation from other crypto-engaged VCs Sequoia, Andreessen Horowitz and Cathie Wood’s ARK Invest. “Kalshi is replacing debate, subjectivity, and talk with markets, accuracy, and truth,” said Kalshi CEO Tarek Mansour. “We have created a new way of consuming and engaging with…