CNN Partners with Kalshi for Prediction Market Integration

CNN Partners with Kalshi for Prediction Markets Integration

  • CNN has partnered with Kalshi to use prediction markets in its reporting.
  • Kalshi raised $300 million in Series D funding and is expanding its reach.
  • The collaboration involves integrating Kalshi's real-time data across CNN's platforms with a special ticker for prediction markets.
  • This partnership marks CNN as the first major news network to use such data from Kalshi.

Kalshi's Recent Developments

  • Kalshi settled a dispute with the US Commodity Futures Trading Commission, leading to significant growth.
  • The platform reported a 200-fold increase in trading volumes and 60% market share globally before international expansion.
  • New challenges include a class-action lawsuit over alleged market manipulation and illegal sports betting.
  • Kalshi continues cryptocurrency integration with new products on NEAR protocol.

Polymarket's US Relaunch

  • Polymarket re-entered the US market after resolving regulatory issues and acquiring QCX, a licensed derivatives venue.
  • It secured an exclusive partnership with Yahoo! Finance and plans further market expansions.
  • Intercontinental Exchange (NYSE parent) is preparing a significant investment valuing Polymarket near $10 billion.
  • Google Finance integrated feeds from both Kalshi and Polymarket, indicating a competitive landscape for prediction-market data.

An example of how CNN will use Kalshi on TV