The suit escalates the state-versus-CFTC turf war over whether event contracts are gambling or regulated financial products.

Kalshi is asking the entire appeals court to rehear the case after a panel sided with state regulators, a key step as the dispute heads toward possible Supreme

Kalshi says it is reviewing long-shot wagers on the press secretary market after traders who bought in cheaply correctly predicted the pick.

Multiple briefs argue the justices should resolve whether states or the CFTC have authority over event contracts, amid warnings of a patchwork of rules if revie

The survey results land as Kalshi pushes election markets into mainstream media distribution ahead of the midterms.

Kalshi topped $3.9 billion in a single day twice in one weekend, with parlay-style multi-leg contracts accounting for most of the activity.

The reported carve-out keeps the prediction market platforms outside a federal inquiry that is expected to focus on traditional sportsbooks.

Prediction market volumes continue to set records as the platforms raise capital and face heightened regulatory scrutiny.

A single large trader on Kalshi's inflation markets has outperformed Wall Street economists, drawing attention to prediction markets as a forecasting tool.

The reported fundraising push comes as state and federal regulators intensify scrutiny of event contracts.

Bernstein and prime brokerage interest suggest prediction markets are moving toward institutional participation.

The disclosure highlights how prediction market apps operate in states where gambling is illegal, fueling the broader jurisdictional fight.

Tribal gaming interests are split over Kalshi partnerships, with some backing the deals and others siding with states challenging the platform.

The media distribution deal expands Kalshi's reach even as polling shows public opposition to election wagering.

Prediction market pricing suggests traders expect inflation to have peaked this year while remaining elevated.

The platform is rolling out disclosure features as election betting markets face their biggest test to date.

The company is ramping up lobbying spending in New York, including hiring a former Democratic senator who previously sought to crack down on sports gambling.

Both platforms are pouring money into legal and political efforts as regulators press competing claims of jurisdiction.