Kalshi

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.

CFTC Invokes Emergency Power to Keep Kalshi Operating in New York

The CFTC has ordered Kalshi to continue operating in New York as the state challenges its sports prediction contracts under gambling laws.

Prediction Market Trading Volume Hits Record $50.6 Billion in July as World Cup Drives Surge

Prediction market trading volume reached a record $50.59 billion in July as the FIFA World Cup boosted activity, with Kalshi leading growth despite ongoing U.S. regulatory challenges.

New York Sues Kalshi Over Alleged Illegal Gambling, Seeks at Least $36B in Damages

New York has sued Kalshi over alleged illegal gambling operations, seeking at least $36 billion in damages while moving to block the prediction market platform in the state.

Binance.US to Seek CFTC License for Prediction Market Platform Next Month

Binance.US plans to apply for a CFTC license in August to launch a regulated prediction market platform offering futures, options, and event contracts.