The latest in digital assets, markets and regulation.
Kalshi is partnering with brokerage-infrastructure provider Alpaca to make its event contracts available to a wider international audience. The arrangement combines a prediction market with an established brokerage distribution network.
Prediction-market traders assigned roughly even odds to the US economy adding more than 50,000 jobs in August. The contracts provide a real-time view of expectations ahead of the official labor report.
A fund linked to Donald Trump Jr., 1789 Capital, will reportedly lead a $1 billion investment round in prediction platform Polymarket. The reported transaction would value Polymarket at $21 billion, below Kalshi’s stated $22 billion valuation.
Federal Reserve Governor Michael Barr said he could support a rate increase if inflation does not ease. He highlighted the risk that broader price pressures could become established while inflation remains above the Fed's 2% objective.
