Kalshi raises $1B Series G at $40B post-money valuation as prediction market fees soar
The round values the private exchange at roughly $40 billion and comes as prediction market trading volume and fee revenue scale up ahead of the midterms.
Yahoo Finance · +15 outlets
Utah files criminal charges against Kalshi and co-founders; CFTC sues state to halt case
The clash sets up a federal-state test of who can regulate event contracts, with the CFTC seeking to block Utah's criminal prosecution.
Tribuna.com · +14 outlets
Prediction markets price Democrats near 75% to win the Senate on election eve
Traders on Kalshi and Polymarket have bid Democratic Senate odds to record levels, with the House priced near 95% and a blue wave around 87.7%.
Benzinga · +15 outlets
Senators press Kalshi and Polymarket to show election odds are not manipulated ahead of midterms
Lawmakers are asking the platforms to address insider trading and manipulation risks as election betting volumes hit record levels.
Business Insider · +14 outlets
Kalshi suspends three congressional candidates for betting on their own races
The suspensions are an early enforcement test of the platforms' self-policing rules on insider trading in political markets.
The New York Times · +13 outlets
Prediction market volume hit $123.3B in October, with Kalshi taking about 80%
The monthly figures underscore Kalshi's growing dominance over rival Polymarket, whose share has fallen to roughly 17%.
KuCoin · +2 outlets
Kalshi asks federal judge to block Louisiana from enforcing gambling laws on prediction market
The suit is part of a widening multi-state legal battle over whether event contracts are federally regulated derivatives or state gambling.
Yahoo Finance · +14 outlets
76ers become first NBA team to sign a prediction market partner, teaming with Kalshi
The deal extends Kalshi's sports partnerships push beyond its core exchange business.
Focus Gaming News · +14 outlets
Kalshi hires lobbying firm tied to potential new House Speaker
The move signals the exchange is expanding its Washington footprint as Congress weighs how to treat event contracts.
Bloomberg Government News · +3 outlets
Kalshi, Polymarket users traded $1.1M on Maryland elections despite state betting ban
The trading volume shows offshore and federally licensed platforms operating in states that bar election wagering.
Baltimore Sun · +9 outlets
Kalshi wins second Supreme Court extension, pushing New Jersey response to December 7
The extension keeps Kalshi's New Jersey dispute alive at the Supreme Court level while lower court fights continue.
Gaming America · +4 outlets
Kalshi sues Missouri over state attempts to regulate the prediction market
Missouri joins a growing list of states where Kalshi is litigating the scope of its federal derivatives license.
KSMU · +14 outlets
Kalshi and Polymarket price key Senate and governor races across battleground states
Traders have set favorites in Texas, Maine, Ohio, Michigan, Iowa, Kansas, Florida, Alaska and the Texas governor race heading into Election Day.
VegasInsider · +9 outlets
DraftKings and FanDuel exit Utah prediction markets as Kalshi fights on
The exits leave Kalshi as the main operator contesting Utah's regulatory stance.
Gaming America · +14 outlets
Traders poured nearly $1.3 billion into predicting control of Congress
The record political volume underscores how central the midterms have become to the prediction market business.
Fox News · +8 outlets
Kalshi introduces monthly deposit limit for young adult traders
The measure is a self-imposed consumer protection step as scrutiny of prediction market access grows.
Gaming Intelligence · +14 outlets
Kalshi and Polymarket piled on media deals ahead of the midterms
The platforms ramped up media partnerships to build brand recognition as election betting went mainstream.
Arizona Daily Star
Polymarket whale bets $846,000 that Republicans lose the House
The single large position highlights how concentrated bettor flow can be in political markets.
Gaming America