NewGen acquires 2% stake in prediction market platform K25.ai
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NewGen Executes Share Purchase Agreement and Obtains Exclusive APAC Agency Rights with K25.ai, an AI-Powered Prediction Market Led by Industry Veteran Andy Cheung
May 28, 2026 8:30 AM EDTNewGen executes Share Purchase Agreement to acquire an initial 2% equity interest in K25.ai, with the right to invest up to 10% in totalNewGen also executes Exclusive Agency Agreement with K25.ai, appointing NewGen as K25.ais exclusive agency partner for selected permitted APAC markets, creating a potential asset-light commercial growth channelAccording to media reports citing Bernstein research, prediction market volumes could reach approximately US$1 trillion by 2030 as the category evolves into broader information markets across sports, crypto, politics, macroeconomic and event-driven... More
