Federal Reserve Chair Jerome H. Powell broke the news on Sunday night that President Donald Trump’s Department of Justice had served the Federal Reserve with grand jury subpoenas whereas threatening a prison indictment. “This new risk just isn’t about my testimony final June or concerning the renovation of the Federal Reserve buildings,” stated Powell. “The…
Prediction market quantity topped $2.3 billion throughout Kalshi and Polymarket over the previous seven days. Kalshi posted $1.8 billion in rolling weekly quantity, up 15.2% from the prior week. Polymarket recorded $511 million, a 19.7% improve. Kalshi’s share of the market stands at 78%. Data from DeFi Rate predictions tracker. Weekly figures replicate seven-day rolling…
Kalshi has raised $1 billion in new funding at an $11 billion valuation, per TechCrunch. The spherical, led by returning traders Sequoia and CapitalG, comes lower than two months after the prediction market operator closed a $300 million spherical at a $5 billion valuation. The fundraise arrives alongside a notable knowledge level: Kalshi now generates…