Kalshi nears $40B valuation in new funding round as it expands beyond prediction markets
The round would make Kalshi one of the most valuable private fintechs and comes as DraftKings and FanDuel parent Flutter trade at multiyear lows.
디지털투데이 · +12 outlets
New York sues Kalshi, alleging its prediction market is illegal gambling
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.
Business Insider · +13 outlets
Federal judge partially shields Kalshi and Coinbase from Illinois gambling laws
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.
cryptotimes.io · +3 outlets
Ohio governor says Kalshi sports contracts are illegal gambling and state will enforce its law
DeWine's stance follows an appeals court ruling that Ohio and Tennessee may regulate Kalshi under their gambling statutes.
CDC Gaming · +14 outlets
Appeals court rules Ohio and Tennessee can regulate Kalshi under gambling laws
The decision strengthened state authority over Kalshi, prompting the company to restrict access in parts of California.
Mashable · +14 outlets
Arizona attorney general charges Kalshi with running illegal gambling
Arizona joins a growing list of states seeking to force Kalshi to comply with local gambling law.
CoinMarketCap · +13 outlets
George Santos reported to prosecutors over suspicious Kalshi trades, AP source says
The referral adds to scrutiny of insider trading on prediction markets by people with non-public political knowledge.
KXLH News Helena · +13 outlets
Former Rep. Kinzinger's $823 Kalshi pardon-bet win draws CFTC probe; he denies wrongdoing
Kinzinger says the investigation is politically motivated, as regulators examine trades tied to government decisions.
Hoodline · +2 outlets
Czech Republic adds Kalshi to unauthorized gambling list, plans ISP block on Oct. 15
The block is one of the first overseas restrictions on Kalshi as it tests international expansion.
insidebitcoins.com · +6 outlets
Kalshi controls 89% of U.S. prediction markets as legal battles mount
Dominant market share gives Kalshi outsized exposure to the state-by-state legal challenges reshaping the sector.
CoinMarketCap · +4 outlets
Kalshi spends millions lobbying states and Washington as regulators push back
The lobbying campaign reflects how much of the prediction market fight is now playing out in statehouses rather than at the CFTC.
Truthout · +7 outlets
Wisconsin attorney general takes on Kalshi over sports prediction markets
Wisconsin and Rhode Island are the latest states to weigh how CFTC-regulated event contracts interact with local gambling law.
WTMJ · +14 outlets
Survey finds 79% of prediction market users say they have lost money
The finding fuels debate over whether Kalshi-style markets exploit younger users facing money anxiety.
AOL.com · +14 outlets
Kalshi co-founder argues election betting promotes democracy in Michigan Q&A
Kalshi is leaning into election markets even as states push back on political event contracts.
Detroitnews · +2 outlets
Kalshi expands media reach through CBS News election data deal
The deal puts Kalshi market data into mainstream election coverage, drawing criticism from outlets that call it a moral compromise.
World Casino News · +7 outlets
ARK Invest takes a stake in Kalshi and will use its markets to guide investment calls
Cathie Wood called Kalshi's leadership phenomenal as ARK folds prediction market signals into its flagship ETFs.
CoinMarketCap · +14 outlets
Kalshi traders put 84-85% odds on Fed holding rates after weak jobs report
Traders also priced a hot September CPI print while hesitating on the 0.6% outcome.
Hokanews
Kalshi traders price 66% odds of Trump impeachment as Democrats favored for House
The contracts show market expectations diverging from traditional polls a month before the midterms.
Kalshi News