prediction market platform
Coverage of prediction market platform in the Nexus archive.
- Polymarket annualized revenue surpasses $1 billion six weeks after its U.S. exchange launch
Polymarket's annualized revenue surpassed $1 billion six weeks after its U.S. exchange launch, driven by World Cup trading and the end of its U.S. waitlist. The prediction market platform is experiencing rapid growth due to these factors.
- Kalshi in early IPO talks with investment banks: report
Kalshi, a prediction market platform, is in early discussions for an IPO with investment banks after achieving $2 billion in annualized revenue. The company is exploring a public listing amid increasing legal scrutiny of sports contracts.
- Kalshi to collect employment info from customers trading in some high-risk markets
Kalshi, a prediction market platform, will begin collecting customer employment information for trading in specific high-risk markets. The company stated this measure targets markets with heightened risks of insider trading.