KALSHI LEGAL CHALLENGES
She has $2.6 billion but still works 14 hours a day: Why the world’s youngest self-made woman billionaire can't slow down
Luana Lopes Lara, the 30-year-old co-founder and COO of Kalshi, has an estimated net worth of $2.6 billion and is the world's youngest self-made female billionaire. Despite her wealth, she continues to work 12 to 14 hours a day and rarely takes time off. In an interview with Fortune, Lara said her lifestyle has changed little because she has always been focused on building Kalshi. The prediction market company's valuation has surged amid growing investor interest, even as its sports-related contracts face legal challenges in the United States.
Global Market: Prediction markets expand into Wall Street territory, raising oversight concerns
Prediction markets are expanding into US stocks, indexes and corporate events, with Polymarket and Kalshi driving growth. The trend raises concerns over investor protection, insider trading, transparency and regulatory jurisdiction, as the SEC and CFTC debate oversight while platforms increasingly attract retail and institutional traders seeking speculation and alternative hedging tools.
Govt left with a losing hand as offshore RMG sites find a cheat code
Multiple users on social media platforms like X continue to complain that their money is stuck on offshore platforms such as Parimatch, 1Xbet and other sites that are beyond the direct reach of Indian regulators, even as these sites continue to attract users and their funds.
New York sues online prediction markets giant Kalshi
New York's attorney general has sued betting platform Kalshi for operating an illegal gambling business. The lawsuit seeks to halt Kalshi's operations and impose significant financial penalties on the company. Prediction markets like Kalshi are facing scrutiny over allegations of corruption and insider trading. New York officials argue these platforms harm residents by ignoring state gambling laws.
Kalshi, Polymarket defy India ban on online betting platforms
Despite India's technology ministry warning that prediction markets like Polymarket and Kalshi are illegal, customers in India continue to trade. A new law banning "online money games" went into effect May 1, yet these platforms are still accessible, with some users circumventing blocks.
US prediction market players make a play for Indian IPL fans
Indian fans are turning to US platforms like Polymarket and Kalshi for IPL betting. These sites allow wagers on match winners and player stats. This trend emerges after India banned real-money gaming. Offshore platforms are also active. Accessing these sites from India is a legal grey area. Transactions use cryptocurrencies, posing payment challenges.
- Go To Page 1
Trump administration backs Kalshi and Polymarket in big legal fight over U.S. betting rules
The U.S. government is backing prediction market platforms in a major legal fight with several states. The dispute is about who should control these online betting-style markets — federal regulators or state gambling authorities. The outcome could change how sports betting, online prediction trading, and digital event contracts are regulated across the country in the future.
Global markets watch closely as Supreme Court weighs legality of Trump’s tariffs
Global markets are on edge as the US Supreme Court prepares to rule on legal challenges to Donald Trump’s tariffs. The verdict could reshape presidential powers, global trade flows and potentially trigger billions of dollars in tariff refunds.
From a trained dancer to world's youngest self-made billionaire at 29: Meet Luana Lopes Lara, her career and education
Luana Lopes Lara, a former professional ballerina from Brazil, has become the world’s youngest self-made woman billionaire at 29. After intensive ballet training and a brief professional dance stint in Austria, she pursued Computer Science at MIT, gaining experience at top financial firms. Alongside cofounder Tarek Mansour, she launched the prediction-market platform Kalshi, navigating complex regulatory challenges to create a legally approved exchange.
Who Is Luana Lopes Lara? Meet the former ballerina-turned-tech visionary who just became the world’s youngest self-made woman billionaire
Luana Lopes Lara, 29, is now the world's youngest self-made woman billionaire. Her prediction market platform, Kalshi, achieved a $11 billion valuation after raising $1 billion. This success follows a journey from professional ballet to computer science. Kalshi navigated legal challenges to become a regulated marketplace. The platform now sees significant trading volumes, particularly in sports contracts.
Kalshi’s cofounder, who once endured brutal ballet training, now snatches Taylor Swift’s title as world’s youngest self-made woman billionaire
Luana Lopes Lara, a former ballerina, is now the world's youngest self-made woman billionaire. She cofounded Kalshi, a prediction market startup. The company has seen rapid growth and significant funding. Lopes Lara's journey from ballet to tech leadership is remarkable. Kalshi is expanding its reach and forging new partnerships.
Trump’s Truth Social expands to prediction trading amid growing crypto partnerships
Polymarket prediction markets: Truth Social is entering the prediction market arena with 'Truth Predict'. This move allows users to trade on election and sports outcomes. Donald Trump Jr. is also increasing his involvement in this growing industry. The prediction market sector has seen significant growth, with weekly trading volumes exceeding two billion dollars.
Crypto betting giant Polymarket set for explosive US comeback with major sports push in weeks
Polymarket, a prominent blockchain-based prediction platform, is getting ready for a regulated return to the U.S. market following years of operating offshore. By getting QCX, a CFTC-licensed exchange and clearinghouse, for $112 million, the company currently provides a fully compliant trading scenario. Its primaryU.S. introduction in late November 2025 will concentrate on sports betting, mainly the $8.52 billion American football market.
Load More
