U.S. CFTC moves to stop Kalshi from canceling trades as ordered by Michigan court
The federal derivatives regulator, which oversees trading at Kalshi, argued it was inappropriate for Michigan to "bully" the firm into reversing trades.…
OpenAI quietly adds Kalshi World Cup odds to ChatGPT: Report
OpenAI’s ChatGPT now displays Kalshi’s World Cup prediction market odds in search results, marking the AI firm’s first reported deal with a prediction market…
Why prediction markets like Polymarket and Kalshi often fail the average investor
Big traders don’t always know best. Source：MarketWatch
Wall Street banks tighten prediction market rules for staff as insider fears spread
Wall Street banks, including Goldman Sachs and Morgan Stanley, are restricting employee prediction market trades as insider trading fears spread across…
Polymarket seeks approval to bring margin trading to U.S. customers
Polymarket's application to allow users to take positions that are not fully collateralized follows authorization granted to rival Kalshi in March.…
Kalshi files same-day appeal of NY court's rejection of bid to block state gambling law enforcement
Kalshi appealed to the Second Circuit after a New York federal judge denied its request to block state gambling officials from enforcing local laws against its…
Kalshi and prediction market sector embroiled in mixed bag of legal fights across U.S.
Some of the many battles with state gaming regulators aren't going well for the industry at the moment, but it isn't without its wouldbe government protectors.…
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Massachusetts AG files amended lawsuit against Kalshi over sports betting after court ruling
The amended complaint, granted by a judge on Tuesday, included allegations that Kalshi targeted users under 21 years old through social media and marketing on…
Michigan judge blocks Kalshi from allowing residents to place sports bets
A Michigan Judge has temporarily blocked Kalshi from offering sports betting contracts to residents, escalating the statefederal fight over prediction markets…
Kalshi and Polymarket could become M&A targets as prediction markets consolidate: Bernstein
The broker said operational consolidation is blurring the lines between exchanges, brokerages and sportsbooks, creating conditions for acquisitions across the…
Kalshi seeks funding at $40B valuation, nearly doubling last raise: FT
Kalshi is reportedly in talks to raise new capital at a $40 billion valuation, reflecting growing investor confidence in regulated prediction markets.…