Utah files criminal charges against Kalshi and its two co-founders
State prosecutors allege Kalshi and co-founders Tarek Mansour and Luana Lopes Lara promoted illegal gambling, escalating the federal-state fight over prediction
Startup Fortune · +14 outlets
Kalshi raises $1B Series G at $40B valuation, up 82% since May
The round, co-led by Sequoia and Wellington, gives Kalshi a $40B valuation and new capital for exchange products even as state regulators push back.
FinanceFeeds · +15 outlets
CFTC says it will sue Utah and fight Kalshi case to the Supreme Court
CFTC Chair Michael Selig argues federal law gives the agency exclusive authority over event contracts, setting up a high court test of state gambling laws.
CNBC · +14 outlets
Philadelphia 76ers become first NBA team to partner with Kalshi
The multi-year deal makes the Sixers the first NBA franchise with an official prediction market partner and drew criticism over gambling's growing role in sport
CDC Gaming · +14 outlets
Kalshi sues Missouri over state attempts to regulate its prediction market
Kalshi filed suit against the Missouri attorney general over a cease-and-desist letter, adding to its pattern of preemptive federal challenges to state oversigh
KCUR · +14 outlets
Senators Warren and Curtis press Kalshi and Polymarket on election insider trading
Lawmakers want the platforms to disclose safeguards against insider trading in election-related event contracts ahead of the midterms.
Bitcoin News · +14 outlets
Prediction markets face accuracy test as midterms approach after Brazil miss
Recent election misses have raised questions about whether platforms like Kalshi and Polymarket can price political outcomes accurately.
Eurasia Review · +4 outlets
NBA partnership with Kalshi and Polymarket draws backlash over gambling ties
The league's embrace of CFTC-regulated prediction markets is prompting criticism about the influence of gambling on professional sports.
Yahoo Sports · +6 outlets
Kalshi and Polymarket show Democrats favored in House and key Senate races
Market odds show Democrats leading in the House and several battleground Senate contests heading into the midterms.
Benzinga · +14 outlets
Kalshi asks federal judge to block Louisiana from enforcing gambling laws
The filing extends Kalshi's strategy of seeking federal court protection from state gambling regulators in multiple jurisdictions.
AOL.com · +7 outlets
Kalshi taps Paul Clement for Supreme Court sports contracts fight
Kalshi has retained the former US solicitor general as it prepares for a high court battle over sports event contracts.
Law360
Second Circuit to hear CFTC arguments in Kalshi and Connecticut case
The appellate arguments are part of the broader legal fight over whether the CFTC or states control event contract markets.
Law360 · +8 outlets
Texas Senate odds: Talarico priced near 70-71% as early voting breaks records
Kalshi and Polymarket traders put Talarico ahead in the Texas Senate race as early voting turnout sets records.
Kalshi News · +6 outlets
Kalshi and Polymarket ramp up media deals ahead of the midterms
Both prediction platforms expanded media partnerships as election news demand grew in the run-up to November.
Bloomberg.com · +7 outlets
S&P Dow Jones deal brings index-based event contracts to Kalshi
The partnership extends Kalshi's event markets into index-based products, broadening beyond sports and politics.
sigma.world · +14 outlets
Michigan Senate odds: El-Sayed rises to six-month high around 76-77%
Traders raised Abdul El-Sayed's odds in the Michigan Senate race amid a Democratic feud over Israel policy.
Kalshi News · +1 outlets
Broadridge adds Kalshi event contracts to CQG and NYFIX platforms
The integration puts Kalshi event contracts on institutional trading infrastructure used by brokers and market makers.
FinanceFeeds · +1 outlets
Kalshi to repeal 1958 onion futures law as part of market expansion
Kalshi is pushing to overturn the decades-old ban on onion futures, which it sees as a barrier to event contract growth.
The New York Times