FanDuel’s CEO is “ousted” while investors bet on Kalshi.

Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi Everything is gambling, but not everything in gambling is going great, as CNBC reports that on Wednesday, FanDuel CEO Amy Howe was “ousted from that post after five years at the company.” FanDuel’s stock is down 60 percent over the last year, and DraftKings shares are down 30 percent. Meanwhile, prediction market Kalshi just announced it’s raised a $1 billion investment round at a $22 billion valuation, twice as much as it was worth in December, and claimed to project “annualized” trading volume of $178 billion. Posts from this author will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. Posts from this topic will be added to your daily email digest and your homepage feed. A free daily digest of the news that matters most. The Verge is a part of PMX Global, LLC, a subsidiary of Penske Media Corporation. © 2026 VM Publishing, LLC. All rights reserved. Sign in to see your notifications or create an account to join the conversation.