Kalshi raises $1B Series G at $40B valuation, up 82% from prior round
The $40B post-money valuation roughly doubles Kalshi's prior mark and comes days after Utah filed criminal charges against the company and its founders.
TOKENPOST · +15 outlets
Utah files criminal charges against Kalshi and founders; CFTC sues state
The Utah case is the most aggressive state action yet in the jurisdictional fight over who can regulate event contracts.
Tribuna.com · +14 outlets
Prediction market traders put Democrats' Senate odds at 74-75% before Election Day
Traders' Senate probabilities diverged sharply from close polling in several battleground states.
Briefs Finance · +14 outlets
Sens. Warren and Curtis demand Kalshi, Polymarket show election odds are not tainted
The senators raised manipulation and insider-trading concerns just days before the midterm vote.
Financial Regulation News · +14 outlets
Prediction markets favor Democrats in all seven top swing Senate races
A sweep of the battlegrounds would represent a larger Democratic gain than most public polling averages implied.
Mediaite · +14 outlets
DraftKings, FanDuel pull prediction markets from Utah after Kalshi charges
Rivals exiting Utah signals that the state's criminal action is rippling across the sector, not just Kalshi.
GamingToday · +14 outlets
Midterm election betting volume hits $431M as odds can move for $3,500
Thin order books on some contracts mean relatively small sums can shift headline probabilities.
Gambling Insider · +3 outlets
Federal government asks court to halt Utah's criminal case against Kalshi
The federal filing adds a CFTC-state preemption dimension to the Utah prosecution.
Gambling Insider · +6 outlets
Kalshi suspends 3 congressional candidates for betting on their own races
The suspensions highlight insider-trading enforcement questions that regulators have raised about event contracts.
The New York Times · +13 outlets
Kalshi, Polymarket target $20B-plus raises as legal pressure escalates
Both prediction market platforms are in fundraising talks with reported valuations near $20B each.
CoinMarketCap · +5 outlets
WSJ questions prediction markets' election track record ahead of midterms
Markets have drawn scrutiny over calibration and influence as their election volumes and media presence grow.
The Daily Upside · +6 outlets
Prediction market trading hits $123.3B in October, Kalshi accounts for 80%
Kalshi's share far exceeds Polymarket's, whose market share has fallen to roughly 17% by one estimate.
KuCoin · +3 outlets
Kalshi signs first NBA franchise deal with the Philadelphia 76ers
The team partnership is Kalshi's first with a major US sports franchise as it pushes beyond event contracts into sports marketing.
TheLines.com · +14 outlets
Kalshi, Polymarket users trade $1.1M on Maryland elections despite state betting ban
Trading continued in a state that bars election wagering, underscoring enforcement gaps in the patchwork of state rules.
Capital Gazette · +4 outlets
Kalshi asks federal judge to block Louisiana from enforcing gambling laws
Louisiana is the latest state where Kalshi is seeking federal relief against state gambling enforcement.
WGNO · +7 outlets
Texas Senate: Kalshi gives Talarico a 75% chance as late polls trend blue
The market's implied odds for Talarico far exceed what public polling in Texas shows.
Kalshi News · +4 outlets
Kalshi takes Missouri to court over attempts to regulate prediction market
The suit continues Kalshi's strategy of challenging state-level gambling regulators in federal court.
KSMU · +1 outlets
Estimated prediction market fees top $1.5B in Q3
Fee revenue growth underpins the elevated valuations ascribed to Kalshi and its rivals.
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