Prediction Markets React as Linda McMahon Moves Closer to Confirmation
On Tuesday evening, the Senate voted to invoke cloture on Linda McMahon’s nomination for secretary of education. The 51-47 vote...
Prediction Markets React to House Budget Vote: Government Shutdown Odds Drop
On Tuesday, the House of Representatives passed a budget blueprint, beginning the process of creating Donald Trump’s major spending bill....
Kalshi Goes to Washington: The Prediction Market Platform Has Friends in the Trump Administration
Trump’s administration has moved three high-profile Kalshi insiders into high-level government positions. Samantha Schwab, Yaakov Roth, and Brian Quintenz have...
‘Prediction Markets Are the Future’: Industry Giants Signal Growing Interest During Recent Earnings Calls
During their 2024 Q4 earnings calls, CEOs of Robinhood, Coinbase, and DraftKings were asked about prediction markets. All three expressed...
What Happened During Trump’s Fifth Week, According to Prediction Markets
In many ways, Trump’s fifth week was similar to his fourth. The largest events included two high-profile Cabinet confirmations, his...
What Will Trump Say During the State of the Union? (Yes, You Can Bet on That)
President Trump will give the State of the Union speech on March 4, and popular prediction market platform Kalshi has...
What Are Mention Markets and Why Are They So Popular?
When Elon Musk and Donald Trump sat down with Sean Hannity, prediction market traders had over $600,000 on what Trump...
Kash Patel Confirmed as FBI Director After Surprise Defection
On Thursday afternoon, Kash Patel was confirmed as the Director of the FBI. Only two Republican senators joined Democrats in...
Kalshi Trader Wins $105,000 on Susan Collins’ Vote Against Kash Patel
On Thursday, a Kalshi trader turned a $2,683 trade into a $105,236 win. The trader, LanceUpper, bought over 105,000 contracts...
Howard Lutnick Confirmed by 51 Votes, One Shy of Prediction Market Forecast
On Tuesday, the Senate confirmed Howard Lutnick as Secretary of Commerce in a 51-45 vote. Four senators – two Republicans...
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