U.S. prediction markets regulator issues demand that clashes directly with courts
The Commodity Futures Trading Commission said regulated exchanges can't cut off customers statebystate, but firms like Kalshi are under court orders to do so.…
The pile of lawsuits against Kalshi just grew by one
Arkansas has accused the prediction market of running illegal gambling, joining Utah and several other U.S. states that have filed criminal or civil charges.…
US midterms: Prediction markets favor Democrats in key crypto races
Kalshi and Polymarket price a 75% chance of a Democratic sweep, days after markets misjudged Brazil’s runoff. Source：Cointelegraph
Kalshi raises $1B at $40B valuation as non-sports revenue run rate tops $1B
The funding round comes as Kalshi expands its partnerships with the NBA and S&P Dow Jones Indices while facing legal challenges over its sports contracts.…
Utah charges predictions platform Kalshi with illegal gambling
Utah has filed criminal charges against betting platform Kalshi and its cofounders. Source：CoinDesk
Phantom launches Kalshi-powered prediction markets for US users
The crypto wallet’s new integration offers CFTCregulated event contracts through Kalshi, as prediction markets face growing legal challenges in the US.…
CFTC sues Utah to block action against prediction markets
The US state filed a lawsuit against Kalshi last week, seeking to recover up to $60 million in profits related to event contracts on prediction markets.…
U.S. agency hits Utah with lawsuit to shield Kalshi's ability to offer betting there
The U.S. Commodity Futures Trading Commission has pursued more than a dozen legal actions to protect what its chief sees as its sole power over prediction…
NBA names Kalshi, Polymarket preferred exchanges, signs CFTC deal
The US professional basketball league is expanding into prediction markets with official data agreements and safeguards against insider trading.…
NBA joins pro sports leagues on CFTC prediction markets bandwagon while NFL balks
The U.S. derivatives regulator, which has championed the arrival of prediction market firms such as Kalshi, has been gathering allied sports leagues.…
Kalshi strikes deal with S&P Dow Jones Indices to expand financial event contracts
The agreement adds S&P Dow Jones gauges to a growing list of Wall Street firms expanding their involvement in prediction markets. Source：Cointelegraph
Utah AG sues Kalshi, pursues profits from prediction market company
Derek Brown likened the prediction market company to a “public nuisance“ that was “causing a significant and substantial ongoing harm“ to state residents.…