Kalshi Faces Challenges, But CNN Partnership Reaffirms Its Status

Kalshi is facing quite a bit of pushback since the platform introduced sports event contracts. A judge in Nevada told it to stop providing these markets altogether, while a new lawsuit is looking to define the platform’s operations as illegal gambling.

CNN Welcomes Kalshi as First Official Prediction Market Partner

Individual states have acted in kind, taking dim view of these operations, but the private sector is not sharing in the jitters. In fact, CNN, one of the leading media groups and news channels in the United States, has announced that it has entered into a partnership with Kalshi, becoming the group’s first Official Prediction Market Partner.

Kalshi’s valuation has also shot up to $11 billion following a recent market round, with the company showing a strong business momentum. CNN staff will now be able to tap into Kalshi’s probability data and showcase trading activity and how users price future outcomes.

A live Kalshi-powered ticker will also display the market data, with CNN chief data analyst Harry Enten in charge of these developments. According to Kalshi, the partnership has a clear goal – to help reach more people and provide them with information about emerging trends.

At the same time, Kalshi has been on a steady upward trajectory with November’s volume edging out October’s $4.49 billion with $4.54 billion. Kalshi similarly believes that the company will deliver a powerful complement to CNN’s cutting-edge reporting and help educate audiences about real-world events.

“It has become the definitive source for staying informed about the future and is used by reporters, politicians, pundits, Wall Street, and Main Street. It was recently called the NYC Mayoral election eight minutes after polls closed, hours before the media,” Kalshi’s statement read.