Kalshi raises $1B Series G at $40B valuation, co-led by Sequoia and Wellington
The prediction market's valuation rose roughly 82% since May as crypto and institutional investors bet on event contracts ahead of a possible IPO.
RG.org · +15 outlets
Utah files felony charges against Kalshi and its co-founders over sports event contracts
The criminal case escalates a state-federal fight over whether prediction markets are gambling or federally regulated derivatives venues.
Northwest Arkansas Democrat-Gazette · +15 outlets
CFTC chair Selig says agency will take Utah-Kalshi fight to the Supreme Court
The CFTC argues federal law gives it exclusive authority over event contracts, and said it would sue Utah to halt the state's criminal action.
CNBC · +14 outlets
Philadelphia 76ers become first NBA team to sign a Kalshi partnership
The multi-year deal makes the Sixers the first NBA franchise to partner with a prediction market, amid broader debate over gambling ties.
Sports Business Journal · +14 outlets
Sens. Warren and Curtis press Kalshi and Polymarket on election insider-trading safeguards
The bipartisan request asks the market operators to disclose how they detect and prevent insider trading in political event contracts.
CoinMarketCap · +8 outlets
Kalshi and Polymarket odds show Democrats favored for House and Senate
Event markets price Democrats as favorites in key Senate races, with House odds around 93% and a projected 52-seat Senate majority.
Benzinga · +14 outlets
Prediction markets face midterm accuracy test after missing Brazil
Analysts and outlets are framing the 2026 midterms as a credibility test for Kalshi and Polymarket after past forecasting errors.
The New York Times · +9 outlets
Kalshi sues Louisiana and Missouri over state sports-wagering enforcement
Kalshi is pushing back on state cease-and-desist efforts, arguing federal preemption over its event contracts.
VitalLaw.com · +14 outlets
Kalshi taps Paul Clement to argue sports contracts case at the Supreme Court
The hire signals Kalshi is preparing a high court fight over state authority to regulate its sports event contracts.
Law360 · +1 outlets
Second Circuit to hear CFTC arguments at Kalshi and Connecticut oral arguments
The appeal is another front in the jurisdictional battle over whether the CFTC alone may regulate event contracts.
Law360 · +5 outlets
DraftKings CEO sees 'extraordinary' upside, moving on prediction markets
DraftKings signaled it could become a rival to Kalshi and Polymarket in event contracts.
BeInCrypto · +3 outlets
Kalshi wants to repeal a 1958 law about onions
The exchange is targeting an old onion futures ban as part of its push to expand event-contract markets.
The New York Times · +5 outlets
CNBC investigation examines suspicious election-contract trading on prediction markets
The report looks at trading patterns in political event markets that drew regulatory scrutiny.
CNBC · +4 outlets
Kalshi, Polymarket ramped up media deals ahead of the midterms
Bloomberg reports both prediction markets expanded media partnerships as election coverage intensified.
Bloomberg.com · +8 outlets
Texas Senate odds: Talarico priced at 71% as early voting breaks records
Kalshi traders put Democrat James Talarico's Texas Senate chances at a new high as early voting closes.
Kalshi News · +4 outlets
Bernstein says prediction markets are entering an institutional era
The research note frames growing institutional interest as a shift for the sector.
CoinMarketCap · +3 outlets
Kalshi sues Missouri AG over cease-and-desist letter
The suit challenges Missouri's attempt to halt Kalshi's operations in the state.
ABC17NEWS
Michigan Senate odds: El-Sayed rises to 76%, an all-time high on Kalshi
Kalshi traders lifted Abdul El-Sayed's Michigan Senate odds as the race drew more political attention.
Kalshi News