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Industry
September 15, 2025
Rumors Say Polymarket Considers $9B Valuation While Kalshi Targets $5B
Polymarket and Kalshi, two leading platforms in the prediction market space, are reportedly pursuing new funding rounds at valuations of $9 billion and $5 billion, respectively, marking a huge growth compared to just relatively recently. Polymarket and Kalshi Eye Multi-Billion-Dollar Valuations According to The Information, Polymarket has received offers valuing the company as high as […]
Industry
September 8, 2025
Kalshi’s NFL Debut Reveals Pricing Disadvantage Against Sportsbooks
Prediction-market operator Kalshi entered the NFL season with promises of sharper pricing, thanks to its novel exchange-based model. However, recent data from Citizens JMP Securities suggests that retail bettors may not be enjoying the price advantage they expected when signing up with the platform. Even so, Kalshi’s other features may be enough to win over […]
Sports
September 4, 2025
Kalshi Plans to Launch Parlay-Like Prediction Contracts Before NFL Season Starts
Kalshi is getting ready to grow its product range by adding parlay-like event contracts to its prediction market, which the federal government oversees. The company has sent paperwork to the Commodity Futures Trading Commission (CFTC) asking for the green light to offer contracts that let users bet on several outcomes at the same time — […]
Legal
August 21, 2025
Kalshi Draws New Tribal Challenge as Ho-Chunk Nation Files Suit
The Ho-Chunk Nation has filed a federal lawsuit against online exchange Kalshi, accusing the company and its partner, Robinhood Markets, of running illegal sports gambling operations on tribal lands. The complaint filed Wednesday in the Western District of Wisconsin follows earlier actions by California tribes and draws attention to the mounting tribal resistance to Kalshi’s […]
Sports
August 19, 2025
Kalshi Expands Offerings Before Football Season Kicks Off
Kalshi, a prediction exchange with federal oversight, is broadening its range of products just as the football season is about to begin. The New York-based company made an announcement on Monday that it has approved a new set of sports contracts. These include point spreads, over/unders, and touchdown props, options that people link to regular […]
Sports
August 19, 2025
Kalshi Fights Nevada’s Attempt to Get Broad Discovery in Federal Court Case
Kalshi, a prediction market operator, is resisting Nevada’s efforts to force wide-ranging discovery in their ongoing legal fight. Kalshi argues that the information Nevada wants does not relate to the main question the court needs to answer: Does federal law trump state gambling rules? Kalshi Argues Federal Oversight Trumps Nevada Gaming Laws in Ongoing Legal […]
Industry
August 15, 2025
Nevada Pushes to Uncover Information in Ongoing Legal Fight with Kalshi
Nevada’s Attorney General has asked a federal judge to make prediction market operator Kalshi, turn over a broad set of internal messages and files. This is part of the state’s attempt to figure out if Kalshi’s sports event contracts follow state law. Nevada Pushes for Discovery, Disputes Kalshi’s Bid to Skip Fact-Finding In a motion […]
Legal
August 14, 2025
Kalshi Withdraws Injunction Request in Maryland, Reaches Agreement with the State
Prediction markets platform Kalshi has withdrawn its injunction request in Maryland following an agreement with the state. The two parties will now wait for the US Court of Appeals for the Fourth Circuit to rule on the matter. MLGC Says Kalshi’s Products Are Sports Betting The rapid growth of prediction markets has had the unintended […]
Industry
August 5, 2025
Rep. Titus Urges CFTC Probe Into Trump Nominee Quintenz Over Kalshi Ties
US Representative Dina Titus has called on the Commodity Futures Trading Commission (CFTC) to investigate nomenee Brian Quintenz due to his connections with Kalshi. Quintenz, who is supposed to replace the current CFTC Chair Caroline Pham, is President Donald Trump’s nominee to lead the agency. Rep. Titus Asks CFCT to Show Quintenz Communications Titus requested […]
Legal
August 4, 2025
Maryland Judge Denies Kalshi’s Motion for Preliminary Injunction
US District Judge Adam Abelson of Maryland rejected Kalshi’s request for a preliminary injunction against the state’s sports betting regulators in a ruling issued on Friday. Kalshi Denied Injunction in Maryland Sports Betting Case After the Maryland Lottery and Gaming Commission (MLGC) issued a formal cease-and-desist letter to Kalshi in April, the operator’s attempt to […]
