Kalshi raises $1B Series G at $40B valuation, nearly doubling its May price tag
The round, co-led by Sequoia and Wellington, values the prediction market at $40B, up from about $11B in May, as Kalshi expands beyond event contracts into futu
Dealroom · +15 outlets
Utah files 14 criminal counts against Kalshi and its co-founders over sports wagers
The Utah Attorney General's felony charges escalate a state-versus-federal fight over whether prediction market event contracts are illegal gambling.
Ars Technica · +15 outlets
CFTC sues Utah in federal court to block the state's case against Kalshi
The federal regulator argues its exclusive jurisdiction over event contracts preempts Utah's gambling enforcement, setting up a preemption showdown.
Yogonet · +14 outlets
Senators Warren and Curtis press Kalshi and Polymarket on election market safeguards
The bipartisan letter asks the platforms how they will prevent manipulation and insider trading ahead of the midterms.
Cryptonews.net · +4 outlets
Kalshi sues Missouri AG over cease-and-desist letter on sports event contracts
Kalshi's suit argues Missouri lacks authority to bar its federally regulated event contracts, extending its state-by-state legal campaign.
FOX4KC.com · +14 outlets
Kalshi sues Louisiana and Missouri over sports-wagering laws
The filings press Kalshi's federal preemption argument against state gambling statutes in two more jurisdictions.
VitalLaw.com · +14 outlets
NBA signs deals with Polymarket and Kalshi despite insider trading concerns
The league partnerships give prediction markets official data and branding ties as regulators scrutinize trading on sports outcomes.
www.the-independent.com · +14 outlets
NBC report finds election betting odds grew less accurate as primaries neared
The study challenges the accuracy claims central to prediction markets' pitch to election watchers.
NBC News · +1 outlets
DraftKings CEO sees extraordinary upside as rival to Polymarket and Kalshi
A major sportsbook operator signals plans to compete directly in prediction markets, intensifying the sector's rivalry.
BeInCrypto · +2 outlets
Polymarket and Kalshi turn the midterm elections into a multimillion dollar market
Trading volume on US Senate and House races has made election contracts a major business line and a regulatory flashpoint.
The New York Times · +7 outlets
Robinhood says it is working on getting off Kalshi and is less excited about sports
The brokerage's CEO and CFO signal a possible shift away from its Kalshi-powered event contracts as it weighs sports betting strategy.
https://www.ingame.com/ · +14 outlets
Kalshi holds 76% of tracked prediction market volume as Polymarket US grows 66%
Volume data shows Kalshi's continued dominance of the US prediction market even as its main rival expands quickly.
TOKENPOST · +12 outlets
Court filing backs Wisconsin ban on prediction markets like Kalshi
The filing argues Wisconsin's sports betting prohibition should cover event contracts, adding another state front to Kalshi's legal battles.
WLUK · +9 outlets
Kalshi's $40B valuation tests Wall Street's turf and raises IPO questions
Investors' new price tag invites comparisons to exchange operators and speculation about a future public listing.
Finimize · +2 outlets
Kalshi CEO eyes guardrails after studies detail customer losses
The chief executive responds to research on how much retail users lose on the platform, signaling possible product changes.
Bloomberg.com · +5 outlets
Kalshi raises $1B at $40B valuation as it expands into crypto and stock perpetual futures
The funding supports a product roadmap stretching from event contracts into perpetual futures on crypto and equities.
Crypto Briefing · +11 outlets
Better Markets urges Tenth Circuit to rein in Kalshi's gambling business
The advocacy group backs court rulings that would limit Kalshi's sports event contracts pending appellate review.
Better Markets
Kalshi cleared for margin trading with professional clients
The clearance expands Kalshi's product set beyond fully collateralized contracts toward more leveraged trading.
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