Kalshi and Polymarket are reportedly considering valuations of up to $20bn, according to a media report. The report gives no details of a fundraising process or proposed transaction.
The reported valuations may affect investor expectations for prediction-market companies.
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The Commodity Futures Trading Commission ordered designated contract markets to end US geofencing that conflicts with impartial-access requirements within 30 days, or explain why they cannot comply. The order puts exchanges offering sports-event contracts at odds with court orders restricting Kalshi in several states and on tribal lands. Chairman Michael S. Selig said derivatives markets must operate nationally.
Within 30 days, designated contract markets must end geofencing restrictions in the U.S. that violate “impartial access requirements,” or give reasons they cannot comply, the CFTC has ordered. CFTC Chairman Michael S. Selig said in a statement that derivatives markets "must operate on a uniform basis at a national scale" to serve the purposes of the Commodity Exchange Act.
Genius Sports raised its full-year guidance after reporting a $10.4m operating profit for the three months to 30 September 2026, compared with a $25.6m loss a year earlier. Revenue rose to $269.9m, while net loss narrowed to $15.7m; the company attributed Media growth mainly to its acquisition of Legend.
Genius Sports lifted its full-year guidance for a third straight quarter. The company reported an operating profit of $10.4m, against a loss of $25.6m the year before.
Genius Sports raised its 2026 revenue forecast to $1.015bn-$1.035bn and adjusted EBITDA guidance to $287m-$297m, following Q3 partnerships with Kalshi and Polymarket. The company reported Q3 revenue of $269.9m and adjusted EBITDA of $87.1m, while its year-to-date net loss was $147.9m; CEO Mark Locke said the business was benefiting from its combined scale after acquiring Legend.
Genius Sports has lifted its expectations for revenue and EBITDA in 2026. Leadership expects 2026 revenue between $1.015bn and $1.035bn, with adjusted EBITDA between $287m and $297m.
SCCG Management said its portfolio company Tater supplied data for a CNBC segment about US midterm election prediction markets. The chart showed a 74% probability for Democratic control of the Senate, compared with 87% implied by individual contracts, according to the company’s account.
Tater, described as a data and analytics platform for the prediction market, is a portfolio company of SCCG Management, which announced the firm appeared on CNBC's Closing Bell. The network's segment carried the title “Betting on the Midterm Elections,” and within it CNBC displayed a full-screen chart credited to Tater under the heading “Kalshi Traders and the Blue Wave.”
The US mid-term election brought Democrats control of the House and Senate, while state regulators and prediction-market operators continue to dispute the legality of sports event contracts. New Jersey Attorney General Jennifer Davenport asked the Supreme Court in September to review whether federal law prevents states from regulating those contracts; a law professor quoted in the report said he expects the court to hear the challenge.
New Jersey Atty. Gen. Jennifer Davenport petitioned the Supreme Court in September to consider whether states may regulate sports offerings on prediction markets. Democrats took control of both the House and the Senate in the mid-term election.