A bunch of Canadian news outlets are in a tizzy, suing OpenAI for allegedly using their content without permission. The Read more
India-based audio platform Pocket FM has a vast content library. However, CEO Rohan Nayak believes there is room for expansion Read more
ChatGPT Search, OpenAI's AI-powered web search experience, has officially launched for all ChatGPT users, introducing several new features to enhance Read more
Humanz, a cutting-edge marketing platform for content creators and brands, has officially made its debut in the U.S. market, as Read more
Kalshi CEO Tarek Mansour recently disclosed in a podcast interview that his team had urged social media influencers to share memes related to the FBI’s raid on Polymarket’s CEO. Both Kalshi and Polymarket offer competing events-betting markets, where people wager on various outcomes.
Questionable Tactics Unveiled
The FBI raid on Polymarket’s CEO last month prompted Kalshi to capitalize on the situation by asking influencers to post memes. Although Kalshi did not pay anyone, the move stirred controversy. The podcast segment discussing this rivalry was deleted shortly after it was aired.
Allegations and Responses
Mansour accused Polymarket of engaging in similar tactics against Kalshi on social media. Despite these claims, neither company has confirmed the allegations. While Kalshi did not fire the employees involved, Mansour acknowledged that the situation had gone too far.
Legal Battles and Market Differences
Polymarket faced legal issues regarding bets on the U.S. presidential election, while Kalshi has been legally accepting trades from U.S. residents since 2021. Kalshi, supported by investors like Sequoia and Y Combinator, is currently in the process of raising a significant funding round.
The podcast interview shed light on the intense rivalry between Kalshi and Polymarket, showcasing the lengths companies may go to in the competitive events-betting market.
