Kraken parent Payward posts 66% drop in Q3 adjusted EBITDA, plans US prediction markets and personal finance AI agent

Kraken's parent company Payward reported third-quarter adjusted EBITDA of $60 million, down 66% year over year, even as funded accounts grew 37%. The company also outlined plans to launch US prediction markets and a personal finance AI agent. Traders will weigh the sharp profitability decline against continued user growth and the exchange's expansion into new product lines.