New York sues Polymarket, calling its prediction markets an illegal gambling operation
The suit follows New York's earlier action against Kalshi, Coinbase and Gemini, and extends the state-level legal fight over whether event contracts are gamblin
Boston Herald · +13 outlets
CFTC reviews $5B of near-identical Kalshi ether perpetual trades, Kalshi denies wash trading
Kalshi says the CFTC has not opened a formal examination, while reports flag clustered trades around a $5,499 size in an ETH perpetual contract.
Disruption Banking · +15 outlets
Gaming-state lawmakers and state officials urge Supreme Court to take up the Kalshi case
The push follows New Jersey's effort to bring the prediction-market dispute to the high court, with state officials seeking limits on Kalshi's sports offerings.
tokenpost.com · +12 outlets
Senate Banking Democrats demand public hearing on prediction markets after GOP meets Kalshi privately
All 11 committee Democrats asked Chairman Tim Scott for an open hearing, saying the issue should not be settled behind closed doors.
The Block · +14 outlets
Kalshi asks CFTC for approval to allow margin trading on event contracts
The request would let users trade event contracts with borrowed money, a step the prediction market says would broaden hedging use.
FinanceFeeds · +13 outlets
National Council on Problem Gambling defends Kalshi membership as board members resign
The NCPG says it remains neutral while taking a firmer stance on prediction markets after criticism of its ties to Kalshi.
gamingintelligence.com · +6 outlets
Kalshi's sports betting push tests prediction market rules and its case against states
WSJ and analysts question whether Kalshi's expansion into sports undercuts its legal argument against state gambling regulators; DraftKings fell 7.6% amid the N
WSJ · +14 outlets
Kalshi takes its prediction markets out of three tribes' lands
The move comes amid disputes with tribal gaming interests, including a New Mexico face-off over sports bets on tribal land.
Bloomberg Law News · +14 outlets
Kalshi suspends three congressional candidates for betting on their own races
The suspensions highlight insider-trading and self-betting concerns as prediction markets expand into political contests.
PBS · +13 outlets
CFTC advisory flags manipulation risk in 'mention' prediction markets
The staff advisory asks exchanges how they would prevent manipulation in markets tied to whether a topic is mentioned, such as in political speech.
Altcoin Buzz · +13 outlets
Kalshi files for perpetual futures on 58 stocks and ETFs with SEC and CFTC
The filing would extend Kalshi's event-contract model into equity-linked perpetual futures, a structure requiring a high market-cap threshold.
Bonus.com · +10 outlets
Reports value Kalshi at up to $42 billion if it survives Supreme Court review
A PitchBook initiation report projects the upside case while noting legal risk; separate coverage cites an $11B valuation after a Sequoia-led round and a $30.4B
Fortune · +4 outlets
Public partners with Kalshi to bring prediction markets and event data to AI trading agents
The brokerage tie-up links Kalshi event contracts to AI-powered investing tools, expanding retail access to prediction markets.
Kalshi News · +14 outlets
Kalshi admits AI ad turned an Asian YouTuber into a white host
The company acknowledged using a creator's video and generative AI to alter his appearance for an advertisement.
protos.com · +2 outlets
Mexican Soccer Federation sues Kalshi over Liga MX trademark use
The suit revives debate over gambling operators' use of team and league logos in prediction market listings.
Gambling Insider · +3 outlets
California tribes urged to enlist city and county attorneys in prediction market fight
Tribal gaming interests are expanding their legal strategy against Kalshi beyond state-level action.
CDC Gaming · +1 outlets
Kalshi trading volume hits $6B weekend record as prediction market activity doubles
Pew Research found prediction market volume doubled between May and July, driven largely by sports.
ReadWrite · +1 outlets
Atlantic Council launches Power of Sports Center with Kalshi backing
The Kalshi-backed venture aims to shape global sports policy as prediction markets grow their sports footprint.
Axios · +1 outlets