Tag: prediction markets

Robinhood Posts Record Quarterly Revenue as Market Volatility Fuels Trading Surge

Robinhood reported record quarterly revenue as market volatility fueled a trading surge, with prediction-market revenues climbing roughly tenfold.

George Santos Settles Federal Probe for $35,000 Over Manipulative Kalshi Trades

Former Congressman George Santos agreed to pay $35,000 and accept a three-year trading ban to settle a federal probe over manipulative Kalshi trades.

New York Sues Kalshi, Alleging Prediction Markets Are Illegal Gambling

New York sued prediction market platform Kalshi, alleging it runs an illegal gambling operation and seeking forfeiture of profits and restitution.

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