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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.
