Kalshi CEO says state-led oversight of U.S. prediction markets would push them out
CEO Tarek Mansour said he feels "pretty good" about the pending outcome of the current legal fight over who has the right to regulate prediction markets.…
U.S. CFTC moves to fold event contracts into swaps regulations as legal fight rages
The derivatives regulator is proposing a formal rule to include certain contracts traded on platforms like Kalshi's as swaps that require the agency's…
NFL backs New Jersey authorities in SCOTUS petition over Kalshi
According to the league, Kalshi and other prediction markets “threaten game integrity” because many event contracts are “highly susceptible to manipulation.”…
Kalshi’s 15-min gold markets overtake Ether just weeks after launch
Gold recorded 542 million contracts and an estimated $5 million in fees in September, surpassing Ether’s 318 million contracts and $2.6 million, though Bitcoin…
Crypto’s billions are back, but the premiums aren’t
Kalshi seeks a $40 billion valuation, while Blockchain.com targets an IPO and crypto treasury companies struggle to maintain their oncehigh valuations.…
Kalshi in advanced talks to raise new funding at $40B valuation: Reuters
The prediction market was valued at $22 billion in a $1 billion funding round just four months ago, after doubling its valuation from December.…
Kalshi loses appeal, setting up potential Supreme Court case
The 6th US Circuit Court of Appeals ruled against prediction market Kalshi, siding with Ohio and Tennessee on regulating sportsevent contracts under state…
Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations
A Sixth Circuit Court of Appeals panel ruled that prediction markets' sportsrelated events contracts are not swaps, and therefore aren't subject to federal…
OG.com seeks CFTC approval for single-stock perpetual futures
OG.com, recently spun out of Crypto.com, joins Coinbase, Kalshi and Kraken parent Payward in seeking approval to bring perpetual futures to individual US…
New York sues Polymarket over alleged illegal gambling business
The action filed by state lawmakers followed a similar lawsuit against prediction markets company Kalshi in July that alleged the platform was running an…
Kalshi says CFTC hasn’t contacted it over ‘unusual’ $5B trading activity
Kalshi said nearly $5 billion in similarly sized Ether perpetual trades reflected its liquidity incentive programs and rejected allegations that the activity…
US lawmakers from gaming states urge SCOTUS to take up Kalshi case
The case between New Jersey authorities and a prediction market company, if accepted by the Supreme Court, could result in clarity for state and federal…