Utah files 14 criminal charges against Kalshi and its co-founders over illegal gambling
The Utah attorney general filed 14 criminal counts against Kalshi and its co-founders, escalating a state-versus-federal fight over who can regulate prediction
LiveNOW from FOX · +15 outlets
Kalshi raises $1B Series G at $40B valuation, more than doubling its May price tag
The round, co-led by Wellington and Sequoia, values Kalshi at $40 billion as the company expands into crypto and stock perpetual futures and weighs a potential
Dealroom · +15 outlets
CFTC sues Utah in federal court to block state's criminal case against Kalshi
The federal commodities regulator argues states cannot enforce gambling laws against CFTC-regulated event contracts, setting up a federalism clash over predicti
Yogonet · +14 outlets
Kalshi sues Missouri AG after cease-and-desist over sports event contracts
Kalshi's suit challenges Missouri's effort to shut down its sports event contracts, part of a widening multi-state legal battle.
CDC Gaming · +14 outlets
Warren and Curtis press Kalshi and Polymarket over election wagers
Lawmakers are questioning the two prediction markets on election betting as midterm-related contracts draw regulatory scrutiny.
Bloomberg Law News · +6 outlets
Polymarket and Kalshi turn midterm elections into a multimillion dollar market
The platforms are seeing heavy volume on US Senate and other midterm races, drawing attention from regulators and lawmakers.
The New York Times · +14 outlets
New Jersey takes prediction market legal battle to the Supreme Court
New Jersey is asking the high court to weigh in on whether states can regulate event contracts, a case with national implications.
Inc.com · +13 outlets
Kalshi CEO eyes guardrails after studies detail customer losses
Tarek Mansour responded to research on trader losses and outlined new safeguards for younger users as legal fights mount.
Bloomberg.com · +7 outlets
Democratic midterm win could put prediction markets and the CFTC in the hot seat
Analysts expect heightened oversight of event contracts if Democrats gain power in Washington.
CNBC · +14 outlets
NBA strikes deals with Polymarket and Kalshi amid insider trading concerns
The league's agreements with both platforms come as questions grow about insider trading on sports-related contracts.
www.the-independent.com · +5 outlets
Federal court filing backs Wisconsin ban on prediction markets like Kalshi
A court filing supports Wisconsin's sports betting prohibition as applied to event contracts, adding to the patchwork of state restrictions.
WLUK · +14 outlets
Robinhood says it is working on 'getting off' Kalshi, less excited about sports
The brokerage's executives signaled a pullback from Kalshi-related offerings while downplaying sports betting ambitions.
https://www.ingame.com/ · +2 outlets
Report finds election betting odds became less accurate as primaries neared
The finding challenges claims that prediction market prices reliably forecast election outcomes.
NBC News · +1 outlets
Billions at stake in NFL fight over prediction markets
The league's stance on event contracts could shape how sports betting and prediction markets coexist.
Inc.com · +13 outlets
Kalshi defends Platinum program against scrutiny from Democrats
The loyalty program for high-volume traders is drawing political questions as prediction markets face broader regulatory pressure.
Yahoo Finance · +6 outlets
Trump shares Kalshi ad as platform's traders favor his impeachment
The episode highlights the awkward intersection of political promotion and market odds on the platform's own contracts.
AOL.com · +6 outlets
Utah AG received campaign donations from gambling companies, disclosures show
The disclosures surface as the attorney general leads the criminal case against Kalshi over online gambling.
KSL News · +1 outlets
George Santos claims Kalshi told paid influencers to conceal political promotions
The allegation adds to questions about disclosure practices around political betting promotion on the platform.
Gambling Insider