Prediction Market Kalshi's Valuation More Than Doubled to $5B in Just 3 Months. Here's Why.

Key Takeaways The valuations of prediction markets Kalshi and Polymarket have soared in recent months as the online betting platforms have expanded into new categories and jurisdictions.Their push ...
MarketWatch

Morgan Stanley says buy into weakness in Flutter and DraftKings after Kalshi enters parlays ...

The stock-price sell-off in FanDuel’s parent company and DraftKings was too severe even as the sports-betting giants faced a new form of competition in the market for parlays, an analyst is arguing on ...
Reuters

Flutter shuts down money-based online games in India following law change

DUBLIN, Aug 25 (Reuters) - Online betting company Flutter (FLTRF.L), opens new tab, has shut down its money-based online games in India following a law change last week, with CEO Peter Jackson saying ...