Sixth Circuit rules states can regulate Kalshi sports event contracts, widening circuit split
The ruling holds that Kalshi's sports event contracts are not federal swaps or CFTC-preempted, letting Ohio and Tennessee enforce gambling laws and setting up a
Cleveland.com · +15 outlets
Kalshi weighs Supreme Court review after second appeals court loss
Kalshi has now lost appeals in multiple circuits, expanding the circuit split over whether federal law preempts state gambling regulation of event contracts.
bloomingbit · +6 outlets
New York sues Polymarket over unlicensed gambling operation
New York's action against Polymarket follows its earlier suit against rival Kalshi, signaling broader state pressure on prediction markets.
CryptoRank · +14 outlets
Kalshi seeks $40B valuation, widening lead over Polymarket
A reported $40 billion target would value Kalshi well above its main prediction market rival despite mounting legal setbacks.
CoinMarketCap · +8 outlets
Arizona AG seeks to revive gambling case against Kalshi after Ninth Circuit ruling
The Ninth Circuit classified Kalshi's sports event contracts as IGRA Class III gaming on tribal lands, prompting Arizona to push its case forward.
CDC Gaming · +7 outlets
Kalshi suspends 3 congressional candidates for betting on their own races
The suspensions highlight integrity questions as prediction markets expand into election contracts.
PBS · +13 outlets
Kalshi says it must lock out users in Ohio and Tennessee after court loss
Geoblocking in the two states is the immediate operational consequence of the Sixth Circuit decision.
CryptoSlate · +12 outlets
ARK Invest will use Kalshi markets to guide investment calls
Cathie Wood's firm is adopting prediction market signals, and crypto investors can now buy into a fund holding SpaceX, OpenAI and Kalshi.
CoinMarketCap · +12 outlets
Morgan Stanley joins Kalshi as prediction market hits 1.1B trades
The bank tie-up comes as the platform reports cumulative volume of 1.1 billion trades.
Coin Gabbar · +1 outlets
Bernstein says prediction markets are entering an institutional era
The research note frames growing institutional participation as the next phase for venues like Kalshi and Polymarket.
CoinMarketCap · +8 outlets
FMF sues Kalshi over Liga MX trademark use in New York
The Mexican federation's suit adds an intellectual property front to Kalshi's legal challenges.
Bonus.com · +4 outlets
Kalshi taps Pyth to power new commodities hub markets
The oracle integration supports expansion beyond sports and politics into commodities contracts.
CoinMarketCap
NCPG looks to replace executive director amid Kalshi controversy
The responsible-gambling group's leadership turmoil is tied to disputes over prediction markets.
CDC Gaming · +2 outlets
Kalshi denies CFTC investigation into unusual Ether perpetual trading
The denial follows reports of irregular activity in Ether-linked markets on the platform.
CryptoDaily · +13 outlets
IGA leaders describe testy relationship with Kalshi as Rocha calls Mansour a 'lying little twerp'
Public feuding between state gaming regulators and Kalshi's leadership underscores escalating industry tension.
CDC Gaming
Sixth Circuit ruling puts prediction market outlook in doubt
Industry roundups say the Ohio and Tennessee decision leaves the sector's state-by-state regulatory posture uncertain.
Inside The Games · +2 outlets
Analysts flag Kalshi parlay pricing far above leg-implied probabilities
A study says Kalshi's longest parlays are priced well above the probability implied by combining individual legs.
SCCG Management
As players and leagues win with prediction markets, fans are left holding the bag
The column argues that fan bettors bear the downside while leagues and athletes capture prediction market gains.
San Antonio Express-News · +1 outlets