The reported round would make the private exchange one of the most valuable US financial startups while it pushes into broader event and financial trading.

The suit escalates state-level enforcement against event contracts and could test whether CFTC-regulated exchanges must comply with state gambling law.

A senior LDS Church apostle used General Conference to condemn the growth of gambling and event contracts, adding religious weight to the regulatory debate over

The proposals, sent to the White House for review, aim to formalize federal jurisdiction over binary event contracts and clarify whether they count as swaps.

A federal judge's partial injunction gives the companies temporary cover as Illinois' new taxes on social media and prediction markets trigger lawsuits.

Investors are repricing traditional sportsbook operators as prediction market volumes scale and challenge their core business.

Regulators and commentators are pressing the UK government to respond to prediction markets that let users wager on the collapse of major British banks.

The Justice Department's classification of event contracts as swaps could shape how federal commodities law applies to prediction market platforms.

The raise and product expansion signal Kalshi's ambition to move from event contracts into broader trading infrastructure.

The probe adds a high-profile political figure to the growing scrutiny of insider trading on prediction market platforms.

The dominance figure comes as state and federal challenges to event contracts continue to accumulate.

The features let users permanently ban themselves or cap deposits, a response to criticism that event contracts function like gambling.

The round would make Kalshi one of the most valuable private fintechs and comes as DraftKings and FanDuel parent Flutter trade at multiyear lows.

The suit adds to a wave of state actions against Kalshi and could threaten New York's more than $1 billion in annual gambling tax revenue.

The ruling blocks Illinois from enforcing its sports contract rules against Kalshi while the case proceeds, a partial win in the state-by-state legal fight.

DeWine's stance follows an appeals court ruling that Ohio and Tennessee may regulate Kalshi under their gambling statutes.

The decision strengthened state authority over Kalshi, prompting the company to restrict access in parts of California.

Arizona joins a growing list of states seeking to force Kalshi to comply with local gambling law.

The state action is the latest escalation in the fight over whether prediction markets count as regulated financial exchanges or unlicensed sportsbooks.

Kalshi is defending its election contracts publicly while expanding media distribution, including a CBS News election data deal, even as state regulators challe

The state-by-state rundown follows a wave of cease-and-desist actions and court fights over sports and election contracts.

The remarks add a prominent religious voice to the widening political opposition to prediction market betting.

The split among Las Vegas operators signals disagreement within the casino industry over how to treat event contracts.

Prediction and betting markets have moved sharply toward Democratic control of both chambers ahead of the midterms.

The proposal would settle whether binary event contracts fall under swap rules, a question that underpins federal vs state authority over platforms like Kalshi

A major exchange operator moving into event contracts signals prediction markets are spreading from crypto-native venues into mainstream derivatives.

The ruling is part of a widening fight over whether states can apply gambling statutes to federally regulated event contract exchanges.

DOJ's position backs federal jurisdiction over event contracts, reinforcing the industry argument that exchanges are not sportsbooks.

Kalshi's expansion into election contracts tests how far federal commodities law can preempt state gambling enforcement.

Investors are pricing in the cost of competing in event contracts, a new front for sportsbook operators facing margin pressure.

The suit escalates state-level challenges to Kalshi's sports event contracts, which the company argues fall under federal CFTC jurisdiction rather than state ga

The rules would formalize how binary event contracts are classified, a question central to the federal-versus-state turf fight over platforms like Kalshi and Po

The ruling shields the firms from Illinois regulators while litigation over whether sports event contracts are gambling proceeds, a template other states may fo

The Justice Department's position aligns the criminal case with the CFTC's view that binary event contracts are swaps, a classification with broad regulatory co

Ohio joins a growing list of states asserting that sports prediction markets violate local gambling laws despite Kalshi's federal-regulator defense.

The filing would bring event-contract style products into mainstream exchange trading, a notable entry by an incumbent venue into the prediction market space.