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Stocks7h ago

Trump Jr.'s 1789 Capital invests $300M in Polymarket while maintaining Kalshi ties

Why this matters?

The $300 million injection gives Polymarket firepower to outspend Kalshi on expansion while Trump Jr. sits on both boards, creating a conflict no regulator has addressed. It also tightens his political alignment with the platform just days after he began lobbying Republican state attorneys general to drop enforcement actions against prediction market operators.

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Morgan Stanley upgrades Robinhood to $150 target on prediction market growth

14h ago

Polymarket receives multimillion-dollar investment in new funding news

9h ago

C1 Fund adds Polymarket to portfolio in Q2 2026, bringing holdings to 11 companies

39h ago

Crypto casino ChainSpin builds Polymarket-style prediction market beta

38h ago

Latest Stocks headlines

Robinhood CEO Tenev calls event contracts a 'becoming' priority

7d ago

Rothera processed 3.5 billion contracts for Robinhood's prediction market in Q2

12d ago

DraftKings Predictions hits $3.4B annualized volume as class action lands

13d ago

Coinbase Global eyes prediction markets to diversify trading and boost retention

14d ago

Robinhood event contracts surpass crypto trading as CFTC expands enforcement case

19d ago

DraftKings self-certifies nine football parlays on DKeX to keep trades in-house

19d ago

DraftKings Predictions hits $11B run rate as DKeX expands role, shares rise on Q2 results

22d ago

Flutter CEO Peter Jackson steps down, FanDuel Predicts shifts contracts to Crypto.com

27d ago

Stocks Top Stories

Law professor calls Kalshi's $40 billion valuation 'staggering'

A $40 billion valuation, even if unverified, resets how investors price prediction-market exposure. For Robinhood and other distribution partners, it raises the cost of deepening ties versus building competing stacks like Rothera. Kalshi now trades at a premium that assumes success in perpetual futures and Treasury rates, products it has only begun to file for. That gap between price and product invites sharper scrutiny from backers on each regulatory filing timeline. If Kalshi stumbles on its S&P 500 perpetual application against CME opposition, or if DraftKings' DKeX hits scale first, the valuation becomes a liability that compresses future fundraising terms. The figure also pressures Polymarket and smaller venues to justify their own multiples in a sector with few public comparables. Every analyst quote Yadav's comment generates becomes a benchmark Kalshi must defend.

14d ago

CME's Duffy clashes with CFTC chair and Kalshi at first event-contract advisory meeting

Duffy's platform as the most combative voice at the advisory meeting gives CME Group leverage to push stricter self-certification and surveillance rules. Those requirements would favor incumbent exchanges with in-house compliance teams. For Kalshi and Polymarket US, that means longer launch timelines and higher costs on every new contract. The personal escalation between Duffy and Kalshi operators makes compromise on standards harder. Better Markets' endorsement of Duffy's manipulation concerns adds outside credibility that congressional ban advocates can cite. The advisory committee's open division means rulemaking may emerge fractured with no predictable standard.

8d ago

Trump Media ends Crypto.com token and prediction market deals, keeps marketing tie

The retreat strips Crypto.com of a marquee U.S. social-platform partner at a moment when vertically integrated rivals are capturing shelf space. Fanatics, DraftKings, and Underdog have all acquired their own exchanges and clearinghouses, shrinking demand for white-label infrastructure like Crypto.com's. The Fanatics-BGC deal and the FanDuel Predicts clearing migration already show sportsbook platforms choosing owned or closely controlled regulatory stacks over third-party rails. Trump Media's pivot to marketing alone leaves Crypto.com without a deeply embedded distribution channel in the U.S. social media landscape. For Truth Social, the shift signals a strategic bet on media and data licensing over financial product integration under new leadership. The failed $6.42 billion treasury deal removes a headline crypto commitment that had helped attract investor attention to the stock. Prediction market operators must now compete for limited brokerage and platform integrations without assuming social networks will embed them natively.

22d ago

DraftKings CEO attacks rival 'narratives' as prediction markets outpace expectations

Robins is fighting to own the story before the NFL season locks in market share. The false-narratives attack frames dedicated platforms like Kalshi and Polymarket as desperate while DraftKings positions itself as the credible incumbent. Macquarie's Beynon endorsement gives institutional cover for that framing. If investors accept that prediction markets grow the sportsbook rather than cannibalize it, DraftKings keeps its valuation premium and justifies heavy marketing spend. FanDuel's stepped-up promotions and CME exit leave it momentarily exposed on the infrastructure-credibility front. DraftKings' discipline talk is investor code for keeping sportsbook margins intact while scaling event contracts through DKeX. The platform that wins this narrative battle gains leverage as Congress weighs a federal ban on sports event contracts.

18d ago

Polymarket traders price 16% odds AMZN closes above $300 by August end

Shows Polymarket expanding beyond political and crypto-native markets into single-stock price targets, competing with traditional options markets for equity speculation flow.

22d ago

PENN holds steady as DraftKings and FanDuel ramp prediction market spending for NFL season

PENN's restraint cedes the field to better-capitalized rivals at the exact moment prediction markets become a mainstream acquisition channel. DraftKings and FanDuel are spending to lock in users before the NFL season peaks, betting that event contracts grow the sportsbook rather than cannibalize it. PENN's smaller balance sheet leaves it exposed if those rivals' heavy marketing works. The arms race framing from PENN itself signals that even operators sitting out the spending wave see prediction markets reshaping customer economics. If DraftKings' $11 billion run rate and FanDuel Predicts' Crypto.com migration prove the funnel model works, PENN must match the spend or accept permanent share loss in the most profitable betting window of the year.

21d ago

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Frequently Asked Questions

Which stocks have prediction-markets exposure?

Direct exposure: Robinhood (NASDAQ: HOOD) and DraftKings (NASDAQ: DKNG) both list Kalshi event contracts inside their apps. Interactive Brokers (NASDAQ: IBKR) acquired ForecastEx outright. Indirect exposure runs through Sportradar, several listed gaming names, and crypto-adjacent equities.

Is Kalshi publicly traded?

No, Kalshi is private. Investors include Sequoia Capital, Charles Schwab, Henry Kravis, and Citadel’s Ken Griffin. Secondary trades have priced Kalshi in the multi-billion-dollar range.

Is Polymarket publicly traded?

No. Polymarket is private and has raised funding from Founders Fund, Vitalik Buterin, and others. Its 2025 acquisition of QCEX gave it a US footprint but did not create a public listing.

Does Robinhood make money from prediction markets?

Robinhood earns fees on Kalshi event contract trades inside its app. Robinhood has called out prediction markets as a contributor to user engagement and trading revenue in earnings calls; the exact revenue split with Kalshi is not publicly disclosed.

Should I buy DraftKings stock for prediction-markets exposure?

DraftKings (NASDAQ: DKNG) has a Kalshi distribution deal and has cited prediction markets in earnings commentary, but its core business remains state-licensed sports betting and iGaming. Whether prediction markets move the stock depends on the size of the contract revenue, which DraftKings has not separately disclosed.

Is there a prediction markets ETF?

No US-listed ETF tracks prediction markets specifically. Investors get exposure today through individual stocks (HOOD, DKNG, IBKR) or through private-market vehicles. The Stocks section flags any new listed product as it surfaces.