Kalshi in advanced talks to raise $1B at a $40B valuation, roughly double its May round
Reuters reported Tiger Global and Dragoneer are in talks to invest, with Sequoia and Wellington also named, as the prediction market's valuation climbs from $22
TradingView · +15 outlets
Sixth Circuit rules Ohio and Tennessee can apply gambling laws to Kalshi sports contracts
The appeals court rejected Kalshi's argument that its sports event contracts are CFTC-regulated swaps, deepening a federal circuit split that could reach the Su
VitalLaw.com · +15 outlets
Kalshi files to terminate its volume incentive program amid wash trading scrutiny
The move follows allegations that the liquidity rewards inflated reported trading volume, which has drawn regulatory and press scrutiny.
tokenpost.com · +5 outlets
House panel expands prediction market insider trading probe to Hyperliquid and Crypto.com
Rep. James Comer widened the House Oversight investigation beyond Kalshi and Polymarket, adding crypto venues to the inquiry into insider trading on event contr
Crypto Briefing · +9 outlets
Kalshi faces CFTC and state suits as New Jersey seeks Supreme Court review
The CFTC has sued states defending Kalshi and Polymarket, and Kalshi is citing those federal suits to argue Massachusetts and other state cases should be dismis
readsludge.com · +13 outlets
Kalshi suspends three congressional candidates for betting on their own races
The suspensions come as Kalshi rolls out new security measures aimed at curbing insider trading on its platform.
PBS · +13 outlets
Kalshi's embrace of sports betting tests federal rules for prediction markets
The company's sportsbook-style expansion is central to its legal battles with states over whether event contracts are gambling.
WSJ · +14 outlets
Federal regulator investigates former Rep. Adam Kinzinger over Kalshi trading
The inquiry into the Trump critic's bets adds to scrutiny of whether political figures trade on nonpublic information in prediction markets.
Politico · +4 outlets
Sixth Circuit ruling deepens circuit split, raising odds of Supreme Court review
A conflicting appellate ruling on whether states can regulate prediction markets makes eventual Supreme Court resolution more likely.
The Sports Geek · +14 outlets
NCPG executive director resigns amid backlash over Kalshi partnership
The National Council on Problem Gambling's leadership change follows internal disagreement over accepting Kalshi membership and its review of the deal.
sbcamericas.com · +6 outlets
Kalshi introduces new security measures to combat insider trading
The exchange is tightening controls amid congressional and regulatory scrutiny of informed trading on event contracts.
Reuters · +13 outlets
Brazil bans Polymarket, Kalshi and 25 other prediction platforms
The ban adds Brazil to a growing list of jurisdictions restricting offshore prediction and betting platforms.
CoinMarketCap · +13 outlets
Prime brokers move to open Kalshi prediction markets to hedge funds
Prime brokerage access would let hedge funds trade event contracts alongside traditional assets, a step toward institutional adoption.
CoinMarketCap · +14 outlets
Prediction market volume logs $20.4B week as Kalshi takes 77% share
Volumes remain near records even as legal and regulatory pressure on Kalshi mounts.
FinanceFeeds · +3 outlets
Ohio Gov. DeWine says he will hold Kalshi accountable for operating illegally
State officials moved to enforce gambling law against Kalshi after the Sixth Circuit upheld Ohio's authority over its sports contracts.
News 5 Cleveland WEWS · +4 outlets
Kalshi gains margin trading clearance for professional clients
The approval expands Kalshi's institutional offering as it pushes further into mainstream financial markets.
CoinMarketCap · +1 outlets
Prediction markets' push into US stocks and Wall Street raises oversight concerns
Regulators are watching as event contract venues expand into equity-linked and financial products.
The Economic Times
DraftKings' DKeX faces Kalshi gap as DKNG stock heads for worst month since January
Retail traders are backing DraftKings' prediction market entry even as Kalshi holds the volume lead.
TradingView · +1 outlets