Kalshi raises $1B at $40B valuation in Series G co-led by Sequoia and Wellington
The round values Kalshi at roughly $40 billion and comes as the company faces mounting state regulatory challenges over its event contracts.
Crowdfund Insider · +15 outlets
Utah files 14 criminal charges against Kalshi and its two co-founders
The charges mark the sharpest escalation yet in the state versus federal fight over who can regulate prediction market event contracts.
Startup Fortune · +13 outlets
Philadelphia 76ers become first NBA team to sign a prediction market partnership with Kalshi
The multi-year deal is the first between an NBA franchise and a prediction market and drew immediate criticism over gambling's growing role in sports.
PhillyVoice · +14 outlets
Kalshi asks federal judge to block Louisiana from enforcing gambling laws on its prediction market
Kalshi is seeking injunctions in multiple states as part of its broader argument that the CFTC, not state gaming regulators, has jurisdiction over event contrac
WGNO · +7 outlets
Warren and Curtis press Kalshi and Polymarket to disclose election insider-trading safeguards
The senators' inquiry adds congressional pressure on prediction markets ahead of the midterms over trading on nonpublic political information.
CoinMarketCap · +10 outlets
Kalshi suspends 3 congressional candidates for betting on their own races
Kalshi's ban on candidates trading their own races came as a barred candidate, Mark Moran, publicly questioned who profits from political decision markets.
Gambling Insider · +13 outlets
Prediction markets put Democratic Senate odds around 72% with days to go before midterms
Kalshi and Polymarket pricing diverges from traditional forecasters on several key Senate races heading into the November 2026 vote.
Benzinga · +14 outlets
Prediction markets missed Brazil and face their big test in the US midterms
WSJ and other outlets examine whether election-focused prediction markets will repeat past misses in the 2026 midterms.
Eurasia Review · +14 outlets
Kalshi, Polymarket users trade $1.1M on Maryland elections despite state betting ban
The volume shows traders routing political bets through prediction markets in a state that prohibits such wagering.
Baltimore Sun · +6 outlets
DOJ arrests soldier who made $400,000 betting on Maduro's removal
The case highlights insider-trading and enforcement risks around geopolitical event contracts.
Reuters · +9 outlets
Kalshi taps Paul Clement for Supreme Court fight over sports event contracts
Retaining the former US solicitor general signals Kalshi is preparing a high court battle over state attempts to regulate sports contracts.
Law360 · +2 outlets
Second Circuit to hear CFTC arguments in Kalshi and Connecticut oral arguments
The appeals court case is part of the jurisdictional dispute over whether the CFTC or states regulate event contracts.
Law360 · +4 outlets
Kalshi sues Missouri over attempts to regulate the prediction market
Missouri becomes the latest state where Kalshi has moved to block enforcement of gambling laws against its event contracts.
KCUR · +14 outlets
Polymarket whale bets $846,000 that Republicans lose the House
The large single position illustrates how concentrated political bets can move and animate prediction market pricing ahead of the midterms.
Gaming America
Prediction market bettors go door to door in hunt for a midterm edge
Bloomberg reports on traders gathering local ground-level data to gain an advantage on political event contracts.
Bloomberg.com · +8 outlets
US election outcome seen as pivotal for sports betting stocks and prediction market industry
Investors are weighing how midterm results could reshape the regulatory landscape for prediction markets and sportsbook operators.
TradingView · +14 outlets
NBA partnerships with Kalshi and Polymarket draw backlash over gambling's grip on sports
The criticism follows league-level and team-level deals tying prediction markets to professional basketball.
Yahoo Sports
Utah attorney general touts online gambling win as companies exit the state after Kalshi charges
Utah officials framed the criminal charges as a deterrent as some operators scaled back activity in the state.
AOL.com · +1 outlets