Kalshi

Appeals Court Lets Ohio and Tennessee Block Kalshi's Sports Bets

The Sixth Circuit ruled that Ohio and Tennessee can enforce sports betting laws against Kalshi, adding to a split among federal appeals courts.

Kalshi Denies CFTC Probe Into Identical-Sized Crypto Trades

Kalshi denies facing a formal CFTC investigation after reports identified repetitive trades and unusually high volume in its crypto perpetual markets.

Kalshi's Election Markets Hit $133M as Midterm Betting Surges

Kalshi election markets launch on DoubleZero Edge, giving institutions real-time political data ahead of the November 3 US midterm elections.

Robinhood Takes Equity Stakes in Crypto.com and OG.com to Expand Betting Markets

Robinhood has partnered with Crypto.com and OG.com to expand sports and election prediction markets after the business generated $156 million in quarterly revenue.

Michigan Court Orders Kalshi to Keep Blocking Sports Contracts

A Michigan court ordered Kalshi to keep sports event contracts blocked and use licensed geolocation services or face fines of $500,000 per day.

Kalshi Locks Out Rivals in Exclusive US Open Deal

Kalshi has reportedly signed an exclusive US Open partnership with the USTA as sports prediction markets grow despite ongoing regulatory disputes.

Connecticut Sues Kalshi to Shut Down Its Sports Contracts

Connecticut has sued Kalshi to block its sports event contracts, escalating a dispute over whether prediction markets fall under federal or state oversight.

Kalshi Has Sold $1.12B in Equity Since April Filing Shows

Kalshi has sold $1.12 billion in equity under a $1.5 billion offering as the prediction market leader reportedly seeks a valuation of up to $40 billion.

Cantor Fitzgerald Opens Kalshi Block Trading to 3,000 Institutions

Cantor Fitzgerald will give about 3,000 institutional clients access to Kalshi block trades as prediction markets expand into risk management.

Kalshi Files to Launch US Perpetual Futures on Stocks and Copper

Kalshi has filed with the CFTC to launch perpetual futures tracking a US large-cap equity index and copper as it expands its derivatives business.

Washington Court Orders Kalshi to Block Sports and Election Bets

A Washington court orders Kalshi to halt most event contracts, restrict advertising and introduce stronger geofencing while allowing financial markets to continue.

Baltimore Sues Kalshi and Polymarket Over Unlicensed Sports Betting

Baltimore sues Kalshi and Polymarket over alleged illegal sports betting, with Coinbase, Robinhood and Webull also named in the city’s Kalshi case.