{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"iGaming Daily","title":"Kalshi’s $1B Series G and the Future of Prediction Markets | Ep. 893","html":"","width":"100%","height":180,"duration":1655,"description":"Experts examine why investors backed Kalshi with a $1 billion Series G at a reported $40 billion valuation, despite mounting US legal challenges. They discuss Kalshi’s plans to broaden beyond sports, the prospects for prediction markets in Europe, and whether consumer demand can withstand regulatory uncertainty.\nKey Topics\nKalshi raised $1 billion in a Series G co-led by Wellington Management and Sequoia Capital, reaching a reported $40 billion valuation.\nKalshi’s evolution from election-related markets to sports event contracts\nKalshi is exploring financial-services products and a broader role in the US financial ecosystem, including a partnership with S&P Dow Jones indices.\nKalshi’s stated interest in expansion into Latin America and Europe, while acknowledging that regulatory approval could take time.\nUtah’s reported 13 criminal charges against Kalshi and its operating LLC, amid wider state-level legal challenges to prediction markets.\nThe discussion contrasts federal CFTC support for prediction markets with state regulators’ objections, including Utah’s anti-gambling stance.\nIG Group’s plans for prediction markets and its gambling-licence application; he also references Gibraltar’s prediction-market framework.\nThe speakers expect European offerings to differ from the US, potentially with narrower markets and restrictions on sports or politically sensitive contracts.\n$40 billion valuation or possible IPO is too optimistic given uncertainty over sports contracts and possible Supreme Court review.\n\nHost: Charlie Horner\nGuests: Ted Orme-Claye & Patrick Killeen\nProducer: Anaya McDonald\nEditor: Anaya McDonald\nLearn how Optimove’s Positionless Marketing is changing how iGaming teams operate. Discover how operators are using Optimove’s Positionless Marketing Platform to launch personalised CRM campaigns, dynamically change casino lobbies and bet slips, and create engaging gamified experiences. Learn more at optimove.com.\nFinally, remember to check out Optimove at...","thumbnail_url":"https://img.transistorcdn.com/cZ2FwM6s_9DEPwGCh6wV21TnqVO3P8VncmqH-PvKfjw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS84M2U5/ODUxNDE4MDFjYTZm/Njc4OTFlMmJiNmRl/NGMzMC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}