BetProof Daily Intelligence
Sunday, March 8, 2026
🎰 Kalshi & Polymarket Target $20 Billion Valuations
Both prediction market giants are seeking capital raises at $20B valuations—double their previous marks. Kalshi was at $11B just months ago, Polymarket at $9-10B.
At $20B, they'd match major gaming operators like Flutter or MGM. Bold move amid mounting regulatory pressure, but signals prediction markets want to be seen as fintech, not gambling.
[Read more](https://www.casino.org/news/kalshi-polymarket-targeting-20-billion-valuations/)
🔒 Prediction Markets Hit by Insider Trading Scandal
College students used privileged info to profit from Super Bowl bets. Jeff Bezos' stepson's fraternity traded on whether Bezos would attend. Separate group spread false Mark Wahlberg rumors, generating $24M+ volume.
This isn't just about gambling—it's about fundamental information asymmetries that could destroy these markets' credibility.
[Read more](https://www.gamblinginsider.com/news/116436/prediction-markets-insider-trading-super-bowl-rumors)
🚀 DraftKings Unveils 'Super App' with Nationwide Reach
DraftKings combines sports betting, prediction markets, casino, and lottery courier services into one platform—available nationwide, not just regulated states. Launches during March Madness.
Smart play. Why build four separate user bases when you can cross-sell everything to everyone?
[Read more](https://www.gamblinginsider.com/news/116128/draftkings-unveils-all-in-one-super-app-with-online-sports-betting-at-a-crossroads)
⚖️ Congress Pushes Anti-Prediction Market Amendment
Rep. Vasquez wants to use the Farm Bill to ban sports event contracts via CFTC authority. House Ag Committee blocked the vote, but tribal gaming groups are backing the effort.
Creative legislative strategy—using agricultural derivatives regulation to kill sports betting predictions. The attack vectors keep multiplying.
[Read more](https://www.casino.org/news/vasquez-wants-to-use-farm-bill-to-bar-sports-event-contracts/)
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