The round, co-led by Sequoia and Wellington, values the prediction market operator at roughly twice its May mark and comes as it expands into crypto and single-

Utah prosecutors allege the platform illegally promoted and accepted sports wagers, escalating a state-by-state fight over prediction market jurisdiction.

The federal derivatives regulator argues it holds exclusive authority over event contracts, setting up a federal preemption showdown with states over prediction

The bipartisan letter questions how the platforms police insider trading and manipulation ahead of the midterm elections.

The suits assert federal preemption over state gambling laws after regulators moved to shut down its sports event contracts.

The deal puts a prediction market operator inside a major league franchise's sponsorship roster for the first time, amid ongoing debate over sports betting ties

The pause and probe into suspicious trades highlight operational and security risk across prediction market venues.

Regulators are examining whether event-contract traders misuse nonpublic information, a question that also shapes the tax treatment of such contracts.

The platforms have become major venues for election wagering and media partnerships, drawing scrutiny over whether their prices track real outcomes.

A sportsbook incumbent entering event contracts would intensify competition with Kalshi and Polymarket.

Crypto exchanges are building secondary exposure to private prediction market valuations before any listing.

The wallet integration pushes short-horizon crypto event contracts to a retail audience.

Monthly volume records show consolidation around Kalshi even as its main rival scales its US business.

A fight over tribal leadership threatens a partnership tied to Kalshi's regulated market access strategy.

The decades-old statute banning onion futures is cited in the debate over which event contracts federal law permits.

The hire adds federal prosecution experience as the company litigates with multiple states.

The allegation concerns undisclosed paid marketing of election related contracts.

The integration adds prediction market data and access to an institutional trading infrastructure provider.