The company led by a Brazilian billionaire at the center of controversies about 'betting on war'
Luana Lopes Lara, dubbed the world's youngest self-made billionaire, is facing controversy over her involvement with prediction markets through her company Kalshi.
Kalshi, Brazilian billionaire's company, banned in US state
Kalshi, a platform owned by Brazilian billionaire Luana Lopes Lara, has been banned by a Nevada court for operating without a necessary license.
The company led by Brazilian billionaire at the center of controversies over 'bets on war'
Luana Lopes Lara, a Brazilian billionaire known for her innovative company Kalshi, is facing controversies related to prediction markets.
Arizona is the first US state to sue Kalshi for illegal betting
The Arizona Attorney General filed criminal charges against Kalshi, accusing the prediction market platform of operating an illegal gambling business and allowing betting on elections.
Arizona charges Kalshi, alleging illegal gambling with election bets
Arizona's attorney general has filed criminal charges against Kalshi, asserting that the prediction markets platform is operating an illegal gambling business by allowing election bets.
Prediction Markets: There is War - and America is Betting
In the wake of rising global conflicts, prediction markets like Polymarket and Kalshi have seen a surge in bets on war and regime changes, raising ethical and legal concerns.
Prediction Markets: It's War - And America is Betting
A surge in global betting on war and regime change raises moral and legal questions about prediction markets like Polymarket and Kalshi.
"I really don't want it to exist in Denmark": Minister lashes out at American billionaire's business
A Danish minister expressed strong opposition to the expansion of prediction markets like Kalshi into Denmark, emphasizing potential resistance from the government and various organizations.
"I don't want it to exist in Denmark": Tax Minister lashes out at American billionaire's business
Denmark's Tax Minister expresses strong opposition against the expansion of prediction markets from the U.S. into Denmark.
"I don't want it to exist in Denmark": Minister issues strong warning against American billionaire's business
Denmark's Minister has issued a strong warning against the expansion of American prediction markets, expressing a firm desire to prevent their establishment in Denmark.
"I really donβt want it to exist in Denmark": Minister lashes out at American billionaire's business
A Danish minister expresses strong opposition to the expansion of American prediction markets into Denmark, asserting that such services should not be available in the country.
Who is Luana Lara, the youngest Brazilian in the world to build her own fortune and become a billionaire
Luana Lara, a 29-year-old Brazilian entrepreneur and co-founder of Kalshi, has become the youngest self-made billionaire in the world, according to Forbes.
Kalshi partners with XP to invest in Brazil with market prediction betting
Kalshi is expanding into Brazil through a partnership with XP to offer event contracts tied to the Brazilian economy.
Bets ask the Treasury to block the operation of Kalshi and Polymarket in Brazil
Betting platforms have requested that Brazil's Treasury Secretary block the operations of Polymarket and Kalshi, which currently operate without regulation in the country.
Prediction platforms under fire over Iran war bets
The online prediction industry is facing legal challenges over its handling of bets related to the Iran war, particularly regarding a lawsuit against Kalshi for denying payouts tied to the death of a significant leader.
Nevada sues Kalshi to block companyβs prediction market operation in state
Nevada authorities have filed a lawsuit against Kalshi to prevent the company from operating its prediction market for sports betting in the state.
They are receiving massive criticism for exploiting the world's disagreements. Now the service has also come to Denmark
A new controversial betting service, Kalshi, which allows users to wager on global events, has sparked criticism and is now available in Denmark.
They have become billionaires by getting people to bet on everything. Now the service is also available in Denmark
Kalshi, a service allowing users to bet on various events, including political changes and weather predictions, is now available in Denmark, sparking both interest and skepticism.
From Politics and War to Business: How Prediction Markets Are Changing Views of the Future
The rise of prediction markets like Polymarket and Kalshi allows users to wager on various future events, significantly shifting perspectives on political and economic outcomes.
Kalshi and Polymarket: When insider trading benefits not just the insiders
The article discusses the potential implications of insider trading within cryptocurrency platforms, particularly following a cryptic update from Coinbase's CEO after a quarterly report.