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New York Goes After Polymarket Again: Prediction Market Regulatory Battle Spreads to Four Firms
New York Attorney General Letitia James and Governor Kathy Hochul have sued Polymarket's US arm, accusing it of running an unauthorized gambling operation—the fourth legal action New York has taken against prediction market platforms in the past six months.
World Launches World Money Super App: Self-Custody Wallet Integrates Stripe, Kalshi and Morpho
World has launched World Money, a self-custody app built around stablecoin functionality and integrated with Stripe, Kalshi and Morpho. Users who complete World ID verification can unlock boosted rewards.
A Michigan court issued a formal injunction, and Kalshi was fined US$500,000 per day for illegally opening a sports prediction market.
The Michigan court converted the temporary restraining order issued against Kalshi in June this year into a formal injunction, requiring the continued blocking of sports-related prediction market contracts, and violators were fined US$500,000 per day.
Kalshi Nevada lawsuit suffers another setback as Ninth Circuit upholds verdict
The U.S. Court of Appeals for the Ninth Circuit upheld the district court's ruling, finding that Kalshi failed to prove that the federal government had priority over Nevada's gaming regulatory authority, and the CFTC's assertion of exclusive jurisdiction encountered another obstacle.
白宫提词机操作员遭罚17.2万美元 CFTC锁定Kalshi内幕交易
A former White House teleprompter operator was fined $172,000 by the U.S. CFTC for trading in Kalshi's mention markets. This is the second event contracts insider trading settlement against federal employees in four weeks.
Kalshi won the exclusive prediction market cooperation with the US Open, and rival advertisements were blocked from the court
According to reports, Kalshi has reached an exclusive agreement with the U.S. Tennis Open to become the only prediction market partner of the event. Other similar platforms are not allowed to be exposed on site and in ESPN broadcast advertisements.
Wrong bet on State of the Union schedule, George Santos gets Kalshi's first lifetime ban
George Santos earned more than $17,000 on Kalshi through a weather-delayed travel plan, but received the first lifetime ban in the platform’s history and a $71,356 fine.
Kalshi issues first permanent ban, former Rep. George Santos stumbles over State of the Union deal
The prediction market platform Kalshi imposed the first permanent trading ban on former U.S. Representative George Santos since the platform was established. The cause was related to prediction market activities related to the State of the Union Address.
CME CEO Clashes with CFTC Official, Kalshi COO — Prediction Market Oversight Question Takes Center Stage
At a CFTC commission meeting, CME executive Terrence Duffy publicly sparred with CFTC official Selig and Kalshi's COO over jurisdiction for regulating prediction markets, highlighting a widening rift between traditional derivatives exchanges and emerging prediction market platforms.
Kalshi Files with CFTC for Perpetual Futures Tied to US Stock Market and Copper
Prediction market platform Kalshi has filed an application with the U.S. Commodity Futures Trading Commission to launch perpetual futures products linked to the MerQube US Large Cap Index and copper prices.
Baltimore Sues Kalshi, Polymarket — And Drags Coinbase, Robinhood Into It Too
Baltimore Mayor Brandon Scott and the City Council have filed suit against prediction markets Kalshi and Polymarket, naming trading platforms Coinbase, Robinhood, and Webull as well, alleging illegal sports betting.
Washington Court Draws the Line: Kalshi's Prediction Markets Mostly Halted
A Washington State court ruling has shut down most of Kalshi's prediction market operations in the state — but commodities, climate, economic, and financial categories were surprisingly spared.
Simulated Profit Screens Spark Backlash: NYC Council Sends Letters Demanding Polymarket, Kalshi Answer 60+ Marketing Questions
The New York City Council has sent investigative letters to four prediction market platforms—Polymarket, Kalshi, Coinbase, and Gemini—over advertising practices, risks of exposure to minors, and consumer protection, focusing on whether simulated trading videos mislead users.
Valuation Doubles in Half a Year! Kalshi Eyes $750M Raise to Hit $40B, With the World Cup as the Biggest Driver
Prediction market platform Kalshi is reportedly in talks with Sequoia Capital and Wellington Management to lead a new funding round, with its valuation set to double from $20 billion in May to $40 billion—driven by a surge in revenue from sports contracts.
Kalshi's Valuation Doubles in Three Months to $40 Billion, Sequoia and Wellington Rush In With $750 Million
Kalshi raised funding at a $22 billion valuation just in May, and three months later the number being floated is $40 billion. Sequoia Capital and Wellington Management are both in talks to lead the round, backed up by annualized revenue that doubled in a single month.
CFTC Invokes Emergency Powers to Keep Kalshi Running Amid New York Lawsuit
Prediction market platform Kalshi was sued in New York last month, prompting the U.S. Commodity Futures Trading Commission to invoke emergency powers ordering the platform to keep operating. Details of the lawsuit and next legal steps have yet to be officially disclosed.
FlightAware Sues Kalshi: We Told You No, You Did It Anyway
Kalshi built a flight-delay betting market on FlightAware's data and slapped a "verified" label on it — except FlightAware never signed off. The lawsuit exposes one of prediction markets' most awkward gray zones.