Sixth Circuit rules states can regulate Kalshi's sports event contracts as gambling
The ruling rejects Kalshi's argument that its CFTC-regulated event contracts are financial swaps immune from state gambling laws, opening the platform to enforc
newscord.org · +15 outlets
New York and Polymarket file dueling lawsuits over illegal gambling claims
New York's suit and Polymarket's countersuit extend the state-versus-federal fight over event contracts beyond Kalshi, testing whether states can bar prediction
Al Jazeera · +14 outlets
Kalshi seeks $40B valuation, and Polymarket targets $20B, in new fundraising talks
The reported raises would widen a valuation gap with rival Polymarket and exceed the combined market caps of Flutter and DraftKings, underscoring investor confi
CoinMarketCap · +7 outlets
Morgan Stanley becomes first major bank to publicly join prediction markets
The bank's entry signals institutional acceptance of event contracts as an asset class as Kalshi reports crossing 1.1 billion trades.
The Cryptonomist · +14 outlets
CFTC staff presses exchanges on political speech markets and manipulation risk
Regulators are asking venues how they would police insider trading and manipulation in political contracts after a $107,000 insider case tied to Trump-related m
CryptoRank · +8 outlets
Kalshi CEO says 'we want more guardrails' as calls for prediction market regulation grow
Tarek Mansour's public posture of accepting federal guardrails comes as state litigation and congressional scrutiny intensify.
PBS · +14 outlets
11 Senate Democrats ask Tim Scott for a public hearing on prediction markets
Democrats want public scrutiny of the sector after Senate Republicans met privately with the Kalshi CEO, adding a congressional track to the regulatory fight.
Altcoin Buzz · +14 outlets
Republican senator seeks subpoena of Trump Jr. over Kalshi and Polymarket ties
The demand centers on a reported multibillion-dollar trading feud involving figures linked to the president's son, raising conflict-of-interest questions for th
yahoo · +10 outlets
Kalshi geofences its markets off three California tribal casino properties
The company is pulling its product from tribal lands in California as it fights litigation and lobbying pressure from tribal gaming interests.
Deadspin · +9 outlets
Kalshi limits use of AI in advertising after creator says an ad altered his race
The company acknowledged building an ad from a YouTuber's video and using AI to change his appearance, drawing criticism over consent and synthetic media in mar
Business Insider · +9 outlets
Kalshi and Polymarket top $750M in 2026 midterm trading volume
Prediction markets have become a measurable force in election coverage, with contract prices cited alongside traditional polls and forecasters.
Bonus.com · +1 outlets
Mexican Football Federation sues Kalshi over Liga MX trademark use
The suit adds intellectual property claims to the legal challenges facing prediction markets, reviving debate over gambling-linked logo use in sports contracts.
sccgmanagement.com · +6 outlets
Are prediction markets gambling or trading? Regulators and platforms face off
The core legal question, whether event contracts are financial instruments or wagers, now spans state suits, federal court rulings and a likely Supreme Court te
CoinMarketCap · +14 outlets
DraftKings shares slide as adjusted data narrows Kalshi's NFL market lead
Revised data on prediction market share moved sportsbook stocks, with Robinhood and Flutter also slipping as traders reassessed the competitive threat.
Pluang · +3 outlets
Kalshi's embrace of sports betting tests the rules for prediction markets
The analysis frames the company's sports-heavy expansion as the central question in whether event contracts will be treated as gambling or trading.
WSJ · +14 outlets
DOJ arrests soldier who made $400,000 betting on Maduro's removal
The case is a concrete insider trading prosecution involving geopolitical event contracts, sharpening calls for federal surveillance of the sector.
BBC · +7 outlets
Kalshi joins NetChoice as prediction markets gain tech policy backing
The trade group membership puts Kalshi alongside major tech platforms in Washington policy fights over digital markets.
Bonus.com · +1 outlets
The 'first prediction-market election' reshapes midterm coverage
Reporters and campaigns are contending with market-implied odds entering mainstream election coverage, raising questions about interpretation and manipulation.
CNN · +1 outlets