Kalshi seeks funding at $40B valuation, plans to expand beyond prediction markets into broader trading platform
The round would roughly quadruple Kalshi's prior valuation and signals ambitions to build a general trading venue ahead of a possible IPO.
디지털투데이 · +10 outlets
New York sues Kalshi, alleging its prediction market is illegal gambling
New York is the latest state to take Kalshi to court over sports and event contracts it argues fall under state gambling law.
The New York Times · +13 outlets
Federal judge blocks Illinois from enforcing sports betting rules against Kalshi and Coinbase
The temporary ruling keeps Kalshi's sports contracts live in Illinois while the broader question of whether they are gambling plays out.
Hokanews · +14 outlets
Arizona AG charges Kalshi with running illegal gambling
Arizona joins a widening group of states asserting that Kalshi's event contracts violate their gambling statutes.
CoinMarketCap · +13 outlets
Ohio governor and officials vow to enforce state law against Kalshi, calling sports contracts illegal gambling
Ohio is the latest state to publicly reject Kalshi's argument that federally regulated event contracts preempt state gambling rules.
bloomingbit · +3 outlets
New Jersey takes prediction market legal fight to the Supreme Court
New Jersey is asking the high court to resolve whether federal commodities law preempts state gambling regulation of prediction markets.
Law Commentary · +13 outlets
Kalshi suspends 3 congressional candidates for betting on their own races
The suspensions highlight insider-trading risks as prediction markets expand into US election contracts.
PBS · +13 outlets
Kalshi responds to Missouri attorney general order on sports betting
Missouri is pressing Kalshi over whether its sports contracts comply with state law.
Spectrum News · +14 outlets
Nevada attorney opposes Kalshi's bid to delay rehearing pending CFTC rulemaking
The dispute hinges on whether an ongoing federal rulemaking process should pause state-level litigation over Kalshi's contracts.
CDC Gaming · +1 outlets
ARK Invest to use Kalshi markets to inform investment calls; Cathie Wood calls leadership 'phenomenal'
ARK is positioning prediction markets as an input for public-market bets, citing a large potential market opportunity.
CoinMarketCap · +13 outlets
Wisconsin AG Josh Kaul takes on Kalshi over sports prediction markets
Wisconsin adds to the list of states challenging Kalshi's event contracts under local gambling law.
WTMJ · +7 outlets
Former Rep. George Santos reported to prosecutors over suspicious Kalshi trades
An AP source says suspicious trading activity on Kalshi by the former congressman has been referred to prosecutors.
KXLH News Helena · +8 outlets
Czech Republic adds Kalshi to unauthorized gambling list, sets ISP block for October 15
The move would cut off domestic access to Kalshi as European regulators tighten scrutiny of prediction markets.
insidebitcoins.com · +1 outlets
CFTC investigates former Rep. Adam Kinzinger's Kalshi bets on a Biden pardon
The probe tests how regulators treat potentially informed trading on political event contracts.
Hoodline · +14 outlets
CBS News designates Kalshi as prediction market sponsor for 2026 midterm election coverage
The sponsorship extends prediction market data into mainstream election-night programming, drawing criticism from some journalists.
SCCG Management · +4 outlets
Kalshi self-exclusion safeguards draw scrutiny after banned bettor lost $25,000
Reporting questions whether Kalshi's self-exclusion controls actually prevent barred users from continuing to trade.
RG.org · +2 outlets
Prediction market firms spend millions to influence state and federal governments
Lobbying and political spending are rising as operators fight state-by-state over the legality of event contracts.
Eurasia Review
Bernstein says prediction markets are entering an institutional era
The analyst note argues institutional capital and infrastructure are reshaping prediction market volumes.
CoinMarketCap · +1 outlets