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At a rally in New York City on Monday night, Mayoral candidate Zohran Mamdani referenced Kalshi’s latest predictions that have the Democrat set for a landslide victory when New Yorkers go to the polls on Tuesday (November 4). 
The 34-year-old state assemblyman is aiming to become the youngest mayor in over a century in the Big Apple. 
Having already outflanked former governor Andrew Cuomo in the Democrat primary in recent months, the Uganda-born democratic socialist is well-placed to complete his rise to the top job in the biggest city in the United States. 
“When I walked the length of Manhattan just a few days before the election, hundreds of New Yorkers marched alongside me,” Mamdani said. 
“And when we strode into Times Square under a billboard with (Kalshi) odds that showed Cuomo’s chances of winning at nearly 80 percent, we knew that the so-called experts were set to get it wrong yet again.”
Mamdani continued to detail the odds on the Kalshi prediction market, which remain firmly in his favor. 
“When you see the Kalshi odds that have our chances of victory in the 90s, know this: you are reading the same things that Andrew Cuomo read when he went to sleep each night in June, believing that his victory was promised,” Mamdani said.

BREAKING: Zohran Mamdani references his Kalshi odds on stage
Kalshi is mainstream. pic.twitter.com/hLCzqLL7G2
— Kalshi (@Kalshi) October 27, 2025

President Trump warns New Yorkers against Mamdani
The Kalshi prediction market on the New York City mayor election currently gives Mamdani an 89% chance of succeeding Eric Adams to lead NYC over the next four years. 
Kalshi prediction market chart showing Mamdani leading the NYC mayoral race with 89% odds. Credit: Kalshi
Conversely, Cuomo – standing as an independent – is given just an 11% chance of landing a late shock.
If Mamdani is elected, he would become the first Muslim mayor in NYC’s history. 
His prominence and wide appeal to the electorate come from his focus on bread-and-butter issues that have resonated with New Yorkers. He has been firm and focused on cost-of-living essentials, conveying the message that he will address rent and food prices, as well as resonating on salary levels.
Cuomo has attacked his rival on matters of crime and safety, while also suggesting Mamdani does not have the requisite experience to lead New York at this stage of his career. 
Meanwhile, President Donald Trump has warned that he will not look upon Mamdani’s election favorably if that is how the vote plays out. 
He told CBS on Sunday, “It’s gonna be hard for me as the president to give a lot of money to New York, because if you have a communist running New York, all you’re doing is wasting the money you’re sending there.” 

Trump on Mamdani: “I think I’m a much better looking person than him, right? It’s gonna be hard for me as the president to give a lot of money to New York, because if you have a communist running New York, all you’re doing is wasting the money you’re sending there.” pic.twitter.com/SyS0GwHfgQ
— Aaron Rupar (@atrupar) November 3, 2025

Mamdani has rejected the Communist label applied to him by detractors. 
Beyond the main Kalshi market on the mayoral race, the same platform is running various related lines on the NYC vote. 
For Mamdani’s margin of victory, he is currently given a 23% chance of winning by 24 points or more, and a 54% chance of securing at least 50% of the vote.
Image credit: Dmitry Shein / Kalshi
The post Mamdani cites Kalshi forecasts amid surge toward New York Mayoral victory appeared first on ReadWrite.

Sports technology company Sportradar has completed the acquisition of IMG ARENA.
This acquisition includes the rights to IMG ARENA’s global sports betting portfolio from Endeavor Group Holdings, Inc. and OB Global Holdings, LLC.
IMG ARENA is a provider of data and fan engagement solutions for the ever-expanding sports betting industry. As such, the acquisition has been seen as a major milestone regarding their global outreach in the entertainment space, so soon after being awarded a gaming-vendor license in the UAE.
This marks the first acquisition by Sportradar since 2022, when it acquired VAIX, following on from three completed deals in 2021.

We’ve enhanced our scale and strengthened our position as the premier global sports technology company with the close of our acquisition of IMG ARENA, boosting our content distribution and further fueling innovative product developments.
Learn more: https://t.co/oMsB4gD5aR pic.twitter.com/mEmMLzC28N
— Sportradar (@Sportradar) November 3, 2025

Furthermore, Sportradar will now process more than one million matches per year.
Recently, Sportradar has been branching out regarding AI technology. The company launched an AI-powered tool called “Bettor Sense” to help operators assist with responsible gambling.
Last month, Sportradar simulated the 2025/26 NBA season using AI to figure out who would end the season as champions. A total of 50,000 AI-powered simulations took place, with Oklahoma City Thunder emerging as the team most likely to win the title.
“We are pleased to complete the acquisition of IMG ARENA,” said Carsten Koerl, SportRadar CEO, in a statement regarding the latest move.
“This marks a significant milestone for Sportradar expanding our access to premium sports content that strengthens and complements our already robust global portfolio and capabilities. With this, we are uniquely positioned to deliver even more immersive, data rich experiences to our clients, partners and fans around the world while accelerating innovation at scale across the global sports ecosystem.”
Sportradar have big plans for the future
Sportradar won’t have to provide any financial outlay up front in the deal, despite the purchase costing $225 million. Rather, $122 million will be paid in prepayments by IMG ARENA to certain sports rights holders and a further $130 million to be paid to Sportradar.
Sportradar will now be looking to provide content across several areas while developing various product innovations to further boost its offering.
Additionally, there is scope for a push into new markets, including sports, taking advantage of the new rights made available following the recent integration with IMG ARENA.
This should see revenue grow substantially. Indeed, the company has already reported a year-on-year growth of €1.28 million ($1.47 million), representing a 16% growth.
“Looking ahead, given our momentum we are raising our full year expectations and anticipate the acquisition of IMG ARENA will further expand our capabilities, creating even greater value for our clients, partners and shareholders.” said Koerl.
Following a review of impacts on sports data and media rights market, the transaction secured its regulatory approval from the UK Competition and Markets Authority (CMA) as of 2 October 2025.
Featured image: Sportradar
The post Sportradar acquires IMG ARENA to boost global sports data expansion efforts appeared first on ReadWrite.

The National Collegiate Athletic Association (NCAA) has sent a letter to Kalshi saying it is worried that some of the language on the prediction market platform might mislead users into thinking the organization plays an official role in checking outcomes.
In the letter dated October 30, the NCAA’s Senior Vice President and Chief Legal Officer, Scott Bearby, wrote that wording on Kalshi.com could “imply to the consuming public that the NCAA has some relationship with Kalshi which involves the NCAA ‘verifying’ or ‘approving’ data for Kalshi.”
The organization warned that “given the NCAA’s stance on sports betting, this could cause significant harm to the value and goodwill of the NCAA brand.”

News: the NCAA sent a letter to Kalshi expressing concern that some language on the platform will “imply to the consuming public” there is an official relationship between the two.
The NCAA wants Kalshi to edit language to make clear there is not.
Full letter attached. pic.twitter.com/EPmQ5NPckF
— Ben Horney (@BenHorney) November 3, 2025

The NCAA said the issue came about after it was “brought to our attention that Kalshi uses the language ‘Outcome verified from NCAA’ (with a hyperlink to NCAA.COM).” The letter asked Kalshi to change the wording to “something which clearly reflects the reality of the relationship.” As an example, the NCAA suggested swapping in the phrase “Outcome sourced from NCAA.COM.”
The organization also called on the platform to include a disclaimer on any pages that deal with NCAA games or contests. The suggested wording reads: “Kalshi is an independent sports betting platform and is not affiliated, associated, authorized, endorsed by, or in any way officially connected with the NCAA.”
NCAA questions Kalshi on fair competition
Apart from the branding issue, the NCAA also asked about Kalshi’s policies on keeping contests fair, including how the platform keeps an eye on collegiate sports markets and handles prohibited customers. The organization said it wanted more clarity, and among the questions it raised were:
“Is Kalshi willing to cooperate fully with NCAA integrity or prohibited customer (e.g. coach, official, athlete) investigations, including providing timely and comprehensive responses to transaction level data and geolocation requests?”
“What proactive steps does Kalshi take to monitor collegiate sports markets for integrity concerns and prohibited customers?”
“Will Kalshi promptly report integrity concerns and prohibited customers to the NCAA?”
“What classifies a prohibited customer under Kalshi’s guidelines?”
The letter also pointed out that state regulators have raised concerns about narrower “prop” style markets, asking whether Kalshi is committed to “forbidding similar predictive markets on their platforms (i.e. markets based on part of a competition or individual competitor as opposed to the entire team/competition)?”
Prediction markets like Kalshi have grown over the past year and are now competing with traditional sportsbooks in the betting world. Kalshi is currently fighting several lawsuits from state gambling regulators, who say the company is breaking state laws by offering event contracts that resemble sports bets. Kalshi says it is not under state authority and is regulated instead by the Commodity Futures Trading Commission, which is a federal agency.
Last month, the NCAA began an investigation into sports betting issues after it discovered that three others had been involved in gambling on their own games.
ReadWrite has reached out to Kalshi and the NCAA for comment.
Featured image: Canva / Kalshi / NCAA
The post NCAA warns Kalshi over language suggesting official role in outcome verification appeared first on ReadWrite.

Rumors of FBI involvement have been swirling online after sportsbooks refunded wagers following accusations of fight fixing in a UFC bout, and the controversy intensified further when reports emerged that Isaac Dulgarian has since been released from the promotion.
UFC Vegas 110 became the subject of controversy on Saturday (November 1), after Cuban featherweight up and comer Yadier del Valle surprised fans by submitting assumed champion Dulgarian in the first round. Fights can always go either way, of course, but what has particularly rankled fans, gamblers, and potentially the authorities is that the betting line shifted dramatically an hour before the fight got underway.
This has led to allegations of fixing the fight on social media from both fans and oddmakers. The change was certainly dramatic, with Dulgarian opening as a -240 favorite before tightening to -160 just before the fight. Adding more fuel to the fire, the prop bet for a first-round finish dropped from +850 to +475, a wager that is estimated to have brought in five figures in late-action bets. This led to multiple sportsbooks, including industry giant DraftKings, reportedly pulling the prop line altogether.
Allegations of UFC fixing escalate
In the aftermath of events, there are now reports trickling through that the FBI was aware of the unusual betting patterns.
“The FBI notified the UFC of the abnormal action and line movement and gave them hours to pull the fight,” wrote Harry Mac on X, from an account that’s broken sports news for ESPN and other verified outlets in the past. “They chose to continue and from my perspective are now complicit in fixing a fight.”

Update: federal regulators have flagged OVER 100 UFC fights this year for abnormal betting patterns, including 2 additional fighters on last nights card. Shit is about to get VERY ugly. Still working to confirm but it sounds like the Feds are moving to audit Herzogs fights https://t.co/mtx6XiTFJS
— Harry Mac (@bbharrymac) November 2, 2025

Later, he updated with another post: “Federal regulators have flagged OVER 100 UFC fights this year for abnormal betting patterns, including two additional fighters on last night’s card. S*** is about to get VERY ugly. Still working to confirm but it sounds like the Feds are moving to audit Herzog’s fights.”
What’s more, major sportsbooks, Caesars and William Hill, have taken to social media stating that they will be offering refunds for bets placed on the fight.

Mobile customers with losing bets on the Dulgarian UFC fight will receive a cash credit within 24 hours (singles), or within 24 hours of the last leg being determined (Parlay/SGP/Super Parlay) should that bet have won without that leg included.
— William Hill US (@WilliamHillUS) November 2, 2025

Mobile customers with losing bets on the Dulgarian UFC fight will receive a cash credit within 24 hours (singles), or within 24 hours of the last leg being determined (Parlay/SGP/Super Parlay) should that bet have won without that leg included.
— Caesars Sportsbook Support (@CaesarsHelp) November 2, 2025

No formal investigation has been announced, but that task would likely fall to either or both of the Nevada State Athletic Commission or UFC itself. This comes after a greater risk of fixing sports events was warned about last week, especially with the rise of prediction markets.
Isaac Dulgarian reportedly released after controversial loss
Since the controversy, it has been reported that Dulgarian has been released from the roster. In a statement, a UFC spokesperson said: “Like many professional sports organizations, UFC works with an independent betting integrity service to monitor wagering activity on our events.
“Our betting integrity partner, IC360, monitors wagering on every UFC event and is conducting a thorough review of the facts surrounding the Dulgarian vs. del Valle bout on Saturday, November 1. We take these allegations very seriously, and along with the health and safety of our fighters, nothing is more important than the integrity of our sport.”
UPDATE: Latest comments from the UFC and reports of Dulgarian’s release have been added on November 4, 2025.
Featured image: TNT Sports via YouTube
The post Dulgarian’s ‘release’ fuels UFC Vegas controversy amid betting fix claims appeared first on ReadWrite.