Tag: Prediction

Robinhood to unveil AI innovations and prediction market features on December 16

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Key Takeaways Robinhood is set to unveil new AI innovations and prediction market features at a December event. CEO Vlad Tenev will lead the announcement, highlighting the company’s strategic pivot into AI-enabled fintech features. Share this article Robinhood, a retail investing platform, will showcase new AI innovations and prediction market features at an event on December 16 led by Chairman and CEO Vlad Tenev. The platform currently enables users to trade stocks, cryptocurrencies, and event contracts through prediction markets focused on real-world outcomes like politics and economics. Robinhood is introducing…

Prediction Markets Bet on Coinbase-linked Hassett for Next Fed Chair

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Prediction markets Polymarket and Kalshi view Kevin Hassett, US President Donald Trump’s National Economic Council director, as the favorite to replace Jerome Powell as the next Federal Reserve chair. The odds of Hassett filling the seat have spiked to 66% on Polymarket and 74% on Kalshi at the time of writing. Hassett is widely viewed as crypto‑friendly thanks to his past role on Coinbase’s advisory council, a disclosed seven‑figure stake in the exchange and his leadership of the White House digital asset working group.​ Founder and CEO of Wyoming-based Custodia…

Robinhood Eyes Prediction Markets with FTX-Linked Acquisition: Report

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A company with ties to the defunct cryptocurrency exchange FTX is reportedly being acquired by Robinhood Markets and Susquehanna International Group as part of a push into prediction markets. According to a Reuters report on Tuesday, Robinhood and Susquehanna will acquire a 90% stake in LedgerX, one of the few solvent companies tied to FTX following its bankruptcy filing in 2022. The reported move came just hours after Robinhood announced the launch of a futures and derivatives platform with options for prediction markets.  Robinhood initially reported the acquisition of a…

Prediction Markets Driving Expansion Plans at Robinhood

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Trading platform Robinhood says prediction markets have emerged as one of its fastest-growing product lines in terms of revenue, and is now set to expand its business with a futures and derivatives exchange and clearinghouse. Since launching its prediction markets in March in partnership with prediction market platform Kalshi, nine billion contracts have been traded by more than one million users, Robinhood said in a statement on Tuesday.  JB Mackenzie, the general manager of futures and international at Robinhood, said the platform is “seeing strong customer demand for prediction markets,…

Polymarket gains CFTC approval to launch regulated US prediction markets

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Key Takeaways Polymarket received an amended order from the CFTC, clearing the way to operate under full US exchange requirements. The approval allows it to support intermediated trading via FCMs, bringing prediction markets closer to traditional finance infrastructure. Share this article Polymarket, the world’s largest prediction market, has received approval from the US Commodity Futures Trading Commission to operate as a regulated, intermediated exchange. The amended order of designation allows Polymarket to onboard brokerages and users directly, enabling US-based trading through futures commission merchants and traditional custody and reporting systems.…

Biotech Penny Stock To Raise $212M In Prediction Market Token Play

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A Nasdaq-listed biotech firm is raising $212 million in a late-cycle pivot into crypto, planning to buy the token of a decentralized prediction market even as other digital-asset treasuries (DATs) struggle to stay afloat. Enlivex Therapeutics (ENLV), a clinical-stage macrophage reprogramming immunotherapy company, said Monday it plans to raise $212 million through a private investment in public equity, selling 212 million shares at $1 each. The price represents an 11.5% discount to Friday’s close, according to the company’s filing with the US Securities and Exchange Commission. The company plans to…

Researcher Claims Coinbase Developing Kalshi Powered Prediction Market

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Crypto exchange Coinbase is working on creating a website for a prediction markets platform, according to a tech researcher who posted screenshots seemingly indicating it will be backed by Kalshi. Jane Manchun Wong, a tech researcher and blogger known for discovering in-development features on Big Tech sites, posted to X on Tuesday that Coinbase is “working on a prediction market,” and shared multiple screenshots apparently showing the platform. In one screenshot, it states that the prediction market is offered by Coinbase Financial Markets, the derivatives arm of Coinbase Global, through…

UFC’s parent company signs multiyear deal with Polymarket to bring real-time prediction markets to live fights

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Key Takeaways TKO Group Holdings has partnered with Polymarket in a multiyear deal to weave prediction market technology into live combat sports. Fans will be able to follow real-time data on sentiment and fight momentum, enhancing engagement beyond traditional sports betting. Share this article Polymarket, a prediction market platform, has signed a multiyear deal with TKO Group Holdings, the parent company of UFC and Zuffa Boxing, to expand crypto-integrated prediction markets. The partnership builds on Polymarket’s recent collaborations with sports organizations, including the NHL and PrizePicks, to integrate event contracts…

Yahoo Finance selects Polymarket as exclusive prediction market partner

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Key Takeaways Polymarket is now the exclusive prediction market partner for Yahoo Finance, integrating its forecasting data with the financial news platform. The integration will allow Yahoo Finance users to access event-based prediction market odds. Share this article Yahoo Finance, a financial news and data service, has tapped Polymarket as its exclusive prediction market partner. The collaboration will bring Polymarket’s real-time market-based insights to Yahoo Finance users. The partnership positions Polymarket to integrate its event-based forecasting capabilities with Yahoo Finance’s existing financial data infrastructure, expanding access to prediction market odds…

PrizePicks Joins Polymarket in US Prediction Market Push

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PrizePicks, one of North America’s largest daily fantasy sports operators, has partnered with Polymarket to expand into the prediction-markets space — a move that could open new revenue streams beyond its core fantasy sports business. The partnership will integrate Polymarket’s event contracts directly into the PrizePicks app, allowing users to make predictions on outcomes spanning sports, entertainment and cultural events, the companies disclosed Tuesday.  Polymarket founder and CEO Shayne Coplan said the collaboration could attract millions of PrizePicks users to the emerging prediction-markets ecosystem. Both companies said the rollout will…