Kalshi

Federal Judge Blocks Minnesota's Prediction Market Ban

A federal judge has temporarily blocked Minnesota's prediction market ban, allowing Kalshi and Polymarket to continue operating while a legal challenge over federal jurisdiction moves forward.

Polymarket Moves Toward U.S. Margin Trading With New Regulatory Filings

Polymarket has filed for regulatory approvals to offer margin trading in the U.S., seeking to expand its prediction market platform as rival Kalshi advances its own leveraged trading plans.

Federal Judge Rejects Kalshi's Bid to Block New York Gambling Laws

A federal judge denied Kalshi's request to block New York's gambling laws, dealing a blow to the prediction market platform's legal fight over sports-event contracts.

Kalshi Reportedly Seeks $40 Billion Valuation in New Funding Round

Kalshi is reportedly in discussions to raise new funding at a valuation of approximately $40 billion, according to a Financial Times report published on Wednesday.

Kalshi Explores IPO Plans as Revenue Surges Past $2 Billion

Kalshi is in early discussions with investment banks regarding a potential initial public offering (IPO), according to a report from The Information.

Kentucky Sues Kalshi, Polymarket, and Coinbase Over Alleged Illegal Sports Betting Operations

Kentucky has sued Kalshi, Polymarket, and Coinbase, alleging they run illegal sports betting operations disguised as prediction markets, escalating a legal clash over federal and state gambling jurisdiction.