Kalshi Triggers $7 Billion Loss for Sports Betting Leaders

Kalshi Triggers $7 Billion Loss for Sports Betting Leaders

Kalshi set a new single-day trading record with over $275 million in activity. DraftKings and Flutter Entertainment lost nearly $7 billion in combined market capitalization. Capitol Hill lawmakers are questioning the Commodity Futures Trading Commission’s (CFTC) oversight of prediction market sports contracts. NEW YORK – … Read more