Kalshi nears $1B raise at about $40B valuation ahead of possible IPO
The funding round would roughly quadruple Kalshi's valuation as the prediction market operator prepares for a public listing, according to Bloomberg-sourced rep
Crypto Briefing · +13 outlets
Sixth Circuit rejects Kalshi preemption, letting Ohio and Tennessee apply gambling laws
The appeals ruling narrows the swap definition and splits with other circuits, threatening Kalshi's sports contracts in multiple states and prompting fresh Seco
The National Law Review · +14 outlets
CFTC investigates Adam Kinzinger's Kalshi bets on Biden pardons
The former lawmaker denies wrongdoing and calls the probe politically motivated, while the case sharpens scrutiny of insider trading rules on prediction markets
Bloomberg.com · +14 outlets
Ohio governor says Kalshi is illegal gambling and vows state enforcement
DeWine's statement follows the federal appeals ruling allowing Ohio and Tennessee to regulate Kalshi under state gambling law.
CDC Gaming · +3 outlets
Kalshi suspends 3 congressional candidates for betting on their own races
The suspensions mark one of the first enforcement actions under Kalshi's insider trading rules ahead of the 2026 midterms.
PBS · +13 outlets
Kalshi says it is adding new security measures to combat insider trading
The changes come as federal regulators and courts scrutinize trading by people with nonpublic information on Kalshi markets.
The New York Times · +13 outlets
Czech Republic blocks Kalshi over unlicensed gambling
The move extends European regulatory pushback against US prediction markets beyond domestic state battles.
iGamingToday.com · +14 outlets
Kalshi restricts access in parts of California after appeals court loss
The access limits follow a court ruling that allows state gambling regulators to apply local law to the prediction market.
Bonus.com · +3 outlets
CBS News partners with Kalshi for midterm election data
The deal gives Kalshi mainstream media distribution for its election odds, drawing criticism over sponsored prediction market data in news coverage.
CDC Gaming · +14 outlets
Kalshi wages $3M state lobbying campaign against prediction market regulations
Kalshi argues it offers regulated financial swaps while many states contend its contracts are gambling operations.
Truthout · +1 outlets
CFTC files new prediction market rules for White House review
The proposed rules would clarify the swap definition that underpins Kalshi's federal legal theory for event contracts.
Gambling Insider · +14 outlets
Fanatics prepares to challenge DraftKings, FanDuel and Kalshi in prediction markets in 2027
Fanatics' planned entry adds a large incumbent brand to an increasingly crowded prediction market and sportsbook field.
Complex · +10 outlets
Kalshi traders price about 84% odds the Fed holds rates this month
The Fed hold pricing firmed after a weak jobs report shifted expectations for the October meeting.
hokanews.com · +11 outlets
Kalshi ends volume rewards program early as CFTC reviews ether futures trades
The incentive program's accelerated end date follows CNBC reporting on unusual ether futures volumes on the venue.
finance.biggo.com · +14 outlets
Special forces soldier pleads not guilty in $400,000 Maduro market case
Prosecutors allege the soldier traded on nonpublic information about a US operation tied to Maduro's removal.
Reuters · +10 outlets
Sixth Circuit ruling could force Kalshi to pull sports markets from more states
Analysts expect additional state-level withdrawals if the preemption loss stands.
GamingToday · +14 outlets
Cathie Wood calls Kalshi leadership phenomenal as Ark Invest takes a stake
Ark's position ties the ARK Innovation ETF to Kalshi's pre-IPO growth story.
Benzinga · +1 outlets
Kalshi looks to shield sports offerings at Second Circuit
Kalshi is pressing the appeals court to block state enforcement against its sports event contracts.
Law360 · +1 outlets