Kalshi signed an agreement with CNN yesterday. The company will provide prediction market data to the news network. Tarek Mansour runs the prediction market platform. His company fought legal battles before the 2024 Presidential Election. These lawsuits helped establish rules for prediction markets. The partnership announcement came on December 2. CNN will integrate Kalshi’s market data into its broadcasts. TechCrunch reported earlier about Kalshi’s funding round. Sequoia and CapitalG led the $1 billion investment. This funding values the company at $11 billion.
Kalshi operates the largest federally regulated exchange in the world. The platform created prediction markets as a financial asset class. People trade contracts on elections, weather, and cultural events. CNN believes Kalshi’s data improves reporting accuracy. Journalists will show real-time probabilities to viewers. The data covers future political and cultural events. Kalshi’s $11 billion valuation matches major betting operators. DraftKings and Flutter’s FanDuel have similar market values. This makes Kalshi one of America’s biggest betting businesses.
Most trading on Kalshi involves sports event contracts. Critics say the company should face sports gaming regulations. They point to sports betting as the platform’s main activity. Harry Enten leads CNN’s data analysis team. He will use Kalshi’s real-time prediction data in his reports. The network plans widespread integration of this information. CNN will display a Kalshi-powered news ticker during broadcasts. The ticker appears when segments feature prediction market data. CNN’s newsroom gains access to political and cultural data. Production teams will create storylines using real-time information. Data analysts will develop visuals from Kalshi’s market insights.
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