The renowned professional teams with the event contracts platform amid regulatory scrutiny.
Negreanu to stake fan into WSOP event as part of new collaboration.
Daniel Negreanu during WPT World Championship in 2022
Professional
poker champion Daniel Negreanu has entered a partnership with Kalshi, the
prediction market platform that allows users to trade on outcomes ranging
from sports to politics across 50 American states.
The
collaboration was announced today (Tuesday) by Kalshi CEO Tarek Mansour,
who described parallels between Negreanu's career journey and the
company's own path through regulatory challenges. Negreanu, known
as "Kid Poker," brings seven World Series of Poker (WSOP) bracelets
and over $56 million in tournament winnings to the partnership.
Tarek Mansour, the Founder and CEO of Kalshi
"Kalshi's
fight for prediction markets has followed a similar path," Mansour wrote
in announcing the partnership. "We have failed and been rejected more
times than I can remember, but we did not waver in our commitment to the
vision. Expand the world of financial markets, no matter the cost, no matter
the hardship".
For critics
and regulators, however, this may serve as fodder and an argument that Kalshi’s
binary event contracts are closer to gambling than to investing.
Gambling Concerns May
Shadow Kalshi and Negreanu Partnership
The tie-up
comes as Kalshi faces mounting scrutiny from state regulators who argue the
platform operates more like a gambling venue than a legitimate financial
market. Massachusetts Attorney General Andrea Joy
Campbell recently sued Kalshi for alleged illegal gambling operations,
with the state's Gaming Commission pushing for an injunction to remove
sports contracts from the market.
Critics
point to the selection of a poker professional as brand ambassador
as potentially reinforcing concerns about Kalshi's resemblance to gambling
operations. While Kalshi insists it provides "legitimate
hedging" similar to commodity futures markets, the platform's
public messaging regularly invites customers to "bet" on
outcomes.
Negreanu,
however, expressed enthusiasm for the platform's capabilities, tweeting:
"On Kalshi, you can trade on everything from Football to Politics to Pop
Culture — it's a game-changer and available in all 50 States!".
Billion-Dollar Battle
Intensifies
The
partnership announcement comes just a day after Kalshi's key partner Robinhood
filed federal lawsuits seeking
to block Massachusetts regulators from enforcing state gambling laws.
According to court documents, roughly $1 billion worth of Kalshi contracts
traded through Robinhood's platform during the second quarter alone.
"Sports
wagering comes with significant risk of addiction and financial loss and must
be strictly regulated to mitigate public health consequences," Campbell
stated when announcing the state's lawsuit against Kalshi.
Pennsylvania's
Gaming Control Board has argued that sports prediction markets operating under
federal oversight directly challenge states' authority to regulate gambling
within their borders.
In August,
Kalshi and Robinhood Markets faced
another federal lawsuit filed by the Ho-Chunk Nation, a federally
recognized tribal nation in Wisconsin that operates several gaming facilities
under a state compact permitting sports betting on tribal lands.
Negreanu's
involvement includes staking a fan into the WSOP Paradise Super Main
Event. The Canadian-born player, who moved to Las Vegas in his early twenties
after initially failing as a professional, eventually became the youngest
WSOP champion in 1998 at age 23.
The
company currently serves roughly two million users nationwide,
though regulatory challenges continue mounting in key states
where officials maintain that sports event contracts mirror
traditional sports betting without proper licensing or taxation.
Professional
poker champion Daniel Negreanu has entered a partnership with Kalshi, the
prediction market platform that allows users to trade on outcomes ranging
from sports to politics across 50 American states.
The
collaboration was announced today (Tuesday) by Kalshi CEO Tarek Mansour,
who described parallels between Negreanu's career journey and the
company's own path through regulatory challenges. Negreanu, known
as "Kid Poker," brings seven World Series of Poker (WSOP) bracelets
and over $56 million in tournament winnings to the partnership.
Tarek Mansour, the Founder and CEO of Kalshi
"Kalshi's
fight for prediction markets has followed a similar path," Mansour wrote
in announcing the partnership. "We have failed and been rejected more
times than I can remember, but we did not waver in our commitment to the
vision. Expand the world of financial markets, no matter the cost, no matter
the hardship".
For critics
and regulators, however, this may serve as fodder and an argument that Kalshi’s
binary event contracts are closer to gambling than to investing.
Gambling Concerns May
Shadow Kalshi and Negreanu Partnership
The tie-up
comes as Kalshi faces mounting scrutiny from state regulators who argue the
platform operates more like a gambling venue than a legitimate financial
market. Massachusetts Attorney General Andrea Joy
Campbell recently sued Kalshi for alleged illegal gambling operations,
with the state's Gaming Commission pushing for an injunction to remove
sports contracts from the market.
Critics
point to the selection of a poker professional as brand ambassador
as potentially reinforcing concerns about Kalshi's resemblance to gambling
operations. While Kalshi insists it provides "legitimate
hedging" similar to commodity futures markets, the platform's
public messaging regularly invites customers to "bet" on
outcomes.
Negreanu,
however, expressed enthusiasm for the platform's capabilities, tweeting:
"On Kalshi, you can trade on everything from Football to Politics to Pop
Culture — it's a game-changer and available in all 50 States!".
Billion-Dollar Battle
Intensifies
The
partnership announcement comes just a day after Kalshi's key partner Robinhood
filed federal lawsuits seeking
to block Massachusetts regulators from enforcing state gambling laws.
According to court documents, roughly $1 billion worth of Kalshi contracts
traded through Robinhood's platform during the second quarter alone.
"Sports
wagering comes with significant risk of addiction and financial loss and must
be strictly regulated to mitigate public health consequences," Campbell
stated when announcing the state's lawsuit against Kalshi.
Pennsylvania's
Gaming Control Board has argued that sports prediction markets operating under
federal oversight directly challenge states' authority to regulate gambling
within their borders.
In August,
Kalshi and Robinhood Markets faced
another federal lawsuit filed by the Ho-Chunk Nation, a federally
recognized tribal nation in Wisconsin that operates several gaming facilities
under a state compact permitting sports betting on tribal lands.
Negreanu's
involvement includes staking a fan into the WSOP Paradise Super Main
Event. The Canadian-born player, who moved to Las Vegas in his early twenties
after initially failing as a professional, eventually became the youngest
WSOP champion in 1998 at age 23.
The
company currently serves roughly two million users nationwide,
though regulatory challenges continue mounting in key states
where officials maintain that sports event contracts mirror
traditional sports betting without proper licensing or taxation.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
