Attorney General Tim Griffin is seeking restitution, penalties and taxes, calling Kalshi a pocket-sized bookie and joining a growing list of states targeting prediction markets.
PRDCT Kalshi
the regulated one
Live · refreshes automatically
The Second Circuit denied relief in New York and Connecticut and the Ninth Circuit declined to rehear the Nevada case, extending Kalshi's losing streak in federal court.
A court denied a temporary restraining order and allowed single-stock perps to keep trading even while questioning whether the CFTC had power to approve them, with a CFTC deadline looming.
Kalshi has opened multiple election-related investigations and cited them in response to insider trading concerns, while Apple, Hollywood studios and others bar staff from trading on confidential information.
Kalshi claims its traders called 98% of races correctly, though critics argue prediction markets misread several contests; the debate over their forecasting record continues.
Election Day volume reached $4.15B short of Kalshi's October record, while sports combo contracts drew far more trading than election markets during the midterms.
Institutional investors including Coatue, Balyasny and Millennium joined a $1B funding round that values the prediction market at $40B.
Kalshi won U.S. backing against Utah's criminal charges while other prediction markets pulled out of the state after the case was filed.
New York's attorney general is scrutinizing Kalshi's marketing claims, while voters in the state where the platforms are based call them corrupt.
The high-frequency trading firm's entry adds a major market maker to Kalshi's order books.
A court order blocks Kalshi sports contracts on California tribal lands as tribes split over partnership deals and gaming revenue concerns.
The clearing milestone signals institutional market access for Kalshi's event contracts is moving into mainstream clearing infrastructure.
Kalshi and Polymarket traders moved Democrat Colom to a heavy favorite over incumbent Hyde-Smith, with tens of millions of dollars wagered on the race.
The deal is Kalshi's first NBA team partnership, though experts call the league's ties to prediction markets a double-edged sword.
Both prediction market platforms are expanding into crypto perpetual futures as they compete for derivatives volume.
Kalshi and Polymarket did not publish any of the four insider trading metrics senators requested by Election Day.
Flutter's CEO acknowledged prediction markets are pulling activity away from traditional sportsbook operators.
Kalshi's North Carolina markets saw over $15 million in wagers on state races during the midterm cycle.
Studios are cracking down on insider trading risk as staff wager on box office and industry outcomes on Kalshi and Polymarket.
Mansour defended Kalshi's midterm performance and addressed regulatory and insider trading questions in interviews.
Apple joined other major employers in prohibiting employees from trading on confidential company information.
Kalshi is using Pyth's price data feeds to support new commodities markets on its platform.
Kalshi's market projections called races including Ohio, Texas, Michigan, Georgia, Maine, Kansas, Iowa, South Carolina, Florida and Alaska in the 2026 midterms.
A claims investor persuaded Kalshi to list a market tied to the NCAA payout, illustrating how niche contracts get created.
Traders repriced contracts on Trump impeachment, Hegseth's cabinet exit, Rubio's 2028 prospects, the 2028 presidential race, the federal minimum wage and Los Angeles mayor after Democratic midterm victories.
The statistician and Tarek Mansour publicly argued over who deserves credit for accurately forecasting the midterm results.
Ahead of Election Day, Kalshi traders gave Democrats a 73% chance of sweeping Congress, and the Speaker market traded a large share of its lifetime volume in a day.
The proposed market would let traders wager on Ivy League admissions outcomes, raising new questions about event contract scope.
Journalism and media critics debate how prediction markets change election night coverage and turn news into tradable contracts.
Combination sports contracts generated more trading than election markets, highlighting the platform's sports betting dependence.
Traders briefly repriced a Ronaldo retirement market after his Portugal farewell, a case study in thin-market volatility.
NFL trade speculation moved a Kalshi contract tied to Pollard's team, showing how injury and roster news drive player markets.
A Kalshi market on the film's Rotten Tomatoes score moved lower ahead of release.