The CFTC issued an emergency order directing Kalshi to continue operating in New York, overriding state efforts to shut down the platform via a $36 billion laws

New York City Council is probing Kalshi, Polymarket, and Coinbase over allegations of deceptive advertising targeting minors and other marketing practices, cons

Kalshi is reportedly in discussions with Sequoia and Wellington for a new funding round at a $40 billion valuation, with annualized revenue topping $4 billion.

FlightAware sued Kalshi over flight-cancellation prediction markets alleging unauthorized data use, then withdrew the lawsuit just one day after filing it.

A Connecticut judge ruled that Kalshi's sports contracts are not swaps and thus fall outside CFTC exclusive jurisdiction, denying Kalshi's preliminary injunctio

Kalshi launched a Wall Street-grade real-time Level 2 order book data feed through DoubleZero Edge, streaming full order books for prediction markets to institu

Kalshi filed for an emergency injunction in Utah to block enforcement of state gambling laws against its prediction market operations.

Nevada's problem gambling program cut ties with the National Council on Problem Gambling over concerns about a sponsorship deal with Kalshi.

Kalshi announced a partnership with Nasdaq Market Surveillance to support monitoring and oversight of its prediction markets.

San Diego County officials are moving to restrict political prediction markets, citing concerns about election integrity and gambling on outcomes.

Jeff Bandman, a former CFTC official, returns to Kalshi as CEO of Kalshi Prime, the firm's institutional-focused prime brokerage unit.

The NCAA has flagged two Mississippi State football players for making sports trades on Kalshi, raising eligibility concerns.

U.S. states are divided on how to regulate prediction markets, with some moving to ban them and others taking a wait-and-see approach.

Prime brokers are moving to offer Kalshi prediction markets to hedge fund clients, expanding institutional access.

Kalshi has overtaken Polymarket in trading volume as Polymarket's post-World Cup slump continues and Kalshi expands into sports and crypto perps.

Prediction market operators including Kalshi are increasingly flagging suspicious trading activity, but most cases do not result in charges.

Two smaller prediction market platforms shut down within hours of each other, as Kalshi and Polymarket now command 93% of industry volume.

A former Jeopardy! champion is heading Kalshi's perpetual futures division, bringing a unique background to the prediction markets product line.