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Robotic Automations

'Prediction markets' set to pay out $450M to election bettors | TechCrunch

November 7, 2024 5:34 AM0


Following Donald Trump’s election victory, thousands of bettors now anticipate a potential $450 million payout from online betting sites, says Reuters. As Trump’s odds surged on so-called prediction markets near the end of the race, platforms like Kalshi and Polymarket gained attention for diverging sharply from traditional polls, which suggested a much closer race.  Talking […]

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Software Development in Sri Lanka

Robotic Automations

Exclusive: Kalshi secures tens of millions in loans from VCs, eyes $50M+ round amid election betting boom, source says

November 1, 2024 12:39 AM0


Investors are rushing to throw millions at a hot startup called Kalshi as loans or even as unusual we’ll-figure-it-out later cash. Kalshi is an exchange that allows people to bet, as official commodity trading contracts, on the outcomes of cultural events, from election results to how long Taylor Swift’s latest album will top the charts.  […]

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Software Development in Sri Lanka

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