extract: 2026-03-26-tg-shared-wsj-2037146683960676492-s-46 #1981

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@ -54,6 +54,7 @@ CFTC-designated contract market for event-based trading. USD-denominated, KYC-re
- **2026-03-19** — Ninth Circuit denied administrative stay motion, allowing Nevada to proceed with temporary restraining order that would exclude Kalshi from Nevada for at least two weeks pending preliminary injunction hearing
- **2026-03-16** — Federal Reserve Board paper validates Kalshi prediction market accuracy, showing statistically significant improvement over Bloomberg consensus for CPI forecasting and perfect FOMC rate matching
- **2026-03-23** — CEO Tarek Mansour co-founded [[5cc-capital]] with Polymarket CEO Shayne Coplan, creating dedicated VC fund for prediction market infrastructure
- **2026-03-19** — Raised funding at $22 billion valuation
## Competitive Position
- **Regulation-first**: Only CFTC-designated prediction market exchange. Institutional credibility.
- **vs Polymarket**: Different market — Kalshi targets mainstream/institutional users who won't touch crypto. Polymarket targets crypto-native users who want permissionless market creation. Both grew massively post-2024 election.

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@ -50,6 +50,7 @@ Crypto-native prediction market platform on Polygon. Users trade binary outcome
- **2026-01-XX** — Partnered with Palantir and TWG AI to build surveillance system detecting suspicious trading and manipulation in sports prediction markets
- **2026-01-XX** — Targeting $20B valuation alongside Kalshi as prediction market duopoly emerges
- **2026-03-23** — CEO Shayne Coplan co-founded [[5cc-capital]] with Kalshi CEO Tarek Mansour, creating dedicated VC fund for prediction market infrastructure
- **2026-03-07** — Reportedly seeking $20 billion valuation with confirmed $POLY token and airdrop plans
## Competitive Position
- **#1 by volume** — leads Kalshi on 30-day volume ($8.7B vs $6.8B)
- **Crypto-native**: USDC on Polygon, non-custodial, permissionless market creation