Kalshi finalizing roughly $1B raise at about $40B valuation ahead of possible IPO
Reuters reports Tiger Global and Dragoneer are in talks to invest as Kalshi nears a funding round that would roughly double its valuation from four months earli
Crypto Briefing · +15 outlets
CFTC opens investigation into Adam Kinzinger's Kalshi bets on Biden pardons
The federal commodities regulator is examining whether the former Republican congressman and Trump critic traded on nonpublic knowledge of pardons, with reports
Bloomberg.com · +15 outlets
CFTC files new prediction market rules defining event contracts as swaps for White House review
The proposal, which follows Kalshi's court loss on sports contracts, would formally classify event contracts as swaps and escalate the federal fight over how pr
Gambling Insider · +14 outlets
Kalshi, Polymarket face scrutiny over trading volumes as growth fuels valuation questions
CNBC and other outlets question whether reported volumes on some products reflect genuine trading activity, a key input into Kalshi's steep valuation.
Traders Union · +7 outlets
Kalshi ends liquidity and volume incentive program amid wash trading allegations
The exchange is scrapping trader rewards roughly a year early after critics argued the program incentivized wash trading that inflated reported volume.
The Block · +14 outlets
Kalshi sports contracts get split treatment as federal appeals courts diverge
A 6th Circuit ruling against Kalshi and a Tennessee win for the state deepen the circuit split over whether sports event contracts are legal, raising the odds o
Cleveland.com · +9 outlets
Kalshi and Polymarket traders see Democrats favored in 2026 midterms, blue wave odds at 87%
Market pricing shows Democrats with a Senate edge and a wide lead on generic midterm outcomes, per CBS News and Kalshi's own market data.
CBS News · +10 outlets
DraftKings and FanDuel parent hit multiyear lows as Kalshi eyes $40B valuation
Shares of the legacy sportsbook operators are sliding while the prediction market's private valuation climbs, with retail traders backing DraftKings' DKeX produ
Yahoo Finance · +7 outlets
Kalshi says it is adding new security measures to combat insider trading
The exchange is tightening internal controls as regulators scrutinize trading around politically sensitive markets such as pardons.
nytimes.com · +13 outlets
Kalshi wages $3M campaign to fight off state-level regulation
The prediction market is spending on lobbying and advocacy as states including Nevada and Ohio push to restrict its sports contracts.
opensecrets.org
Kalshi traders raise odds Anthropic announces an IPO this year
Prediction market pricing implies higher odds of an Anthropic listing announcement, a signal of investor expectations for the AI lab.
CNBC · +14 outlets
Kalshi traders flip to an October Fed hold at 65% after PCE report
Market-implied odds shifted toward no rate change at the next meeting following the latest inflation data.
Kalshi News · +1 outlets
Kalshi gets margin trading clearance for professional clients
The clearance lets the exchange offer leverage to professional users, expanding its product set beyond simple event contracts.
CoinMarketCap · +1 outlets
Odds of Congress banning stock trades rise to 43% after Senate blocks bill
Kalshi pricing reflects higher implied odds of a stock-trading ban for lawmakers by 2029 after the Senate declined to advance a narrower measure.
Kalshi News
Cathie Wood's ARK Invest adds Kalshi exposure to its ETFs
ARK bought Kalshi-linked holdings alongside NVIDIA, SpaceX and Tesla positions, a rare instance of a private prediction market appearing in public fund portfoli
The Crypto Times · +10 outlets
Tunica-Biloxi Tribe to launch prediction market app with Kalshi
The Louisiana tribe is partnering with Kalshi on a tribal-licensed app, one of several state and tribal arrangements the exchange is pursuing.
The Shreveport-Bossier City Advocate · +14 outlets
Polymarket adds responsible trading tools
The rival prediction market rolled out new user-protection features as scrutiny of the sector grows.
The Event Horizon
Polymarket leads US prediction market search demand despite Kalshi's trading dominance
Search interest favors Polymarket even as Kalshi handles more volume, highlighting the split between attention and trading activity.
Gambling Insider