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Legal
April 29, 2025
Judge Sides with Kalshi in Sports Prediction Market Dispute in New Jersey
A federal court in New Jersey has given Kalshi, a prediction market operator, a big legal victory. The court granted a preliminary injunction to stop state-level attempts to block the company’s sports-related event contracts. This ruling comes after the New Jersey Division of Gaming Enforcement (NJDGE) issued a cease-and-desist order in March. The NJDGE claimed […]
Industry
April 23, 2025
Kalshi Fires Back at Maryland Regulator in New Lawsuit
Tensions between state regulators and emerging prediction markets have further escalated as KalshiEX LLC filed a lawsuit against the Maryland Lottery and Gaming Control Commission (MLGCC) on Monday, challenging a recent cease-and-desist order that threatened to jeopardize its business in the state. This development comes shortly before the CFTC’s April 30 roundtable, an event that […]
Sports
April 17, 2025
Kalshi’s Nevada Win Faces Federal Hurdles Over Sports Betting Rules
Kalshi, a prediction market platform with federal oversight, just scored an initial legal victory in Nevada. However, this courtroom win might not last long, as old federal laws that ban sports betting across state lines loom in the background. Federal Judge Blocks Nevada from Regulating Kalshi, but Legal Questions Remain A US District Court judge […]
Legal
April 9, 2025
Kalshi Scores Key Legal Win in Nevada Prediction Market Case
A federal judge has granted Kalshi a major legal victory in its ongoing conflict with Nevada regulators, marking a significant landmark in the ongoing disputes surrounding prediction markets in the USA. The newest ruling allows the controversial platform to keep offering sports event contracts in the state, at least until the ongoing lawsuit reaches its […]
Legal
April 9, 2025
Maryland Slaps Kalshi with Cease-and-Desist Letter
Maryland has become the sixth state to issue a cease-and-desist order to Kalshi, a prediction market for trading event contracts. This aligns with a strong pushback against the platform, as well as with a broader pushback against betting alternatives. Kalshi Has Been Growing Steadily Kalshi, which offers contracts on the outcomes of sports and other […]
Business
April 8, 2025
Former AGA SVP Sara Slane Joins Kalshi
Sara Slane, a former American Gaming Association (AGA) member announced that she will be joining Kalshi, a fast-growing platform that offers contracts on the outcomes of sports. Slane, who once played a key role in the overturning of the PASPA, will serve the prediction market as its new head of corporate development. Slane Is Excited […]
Industry
April 8, 2025
Kalshi Unfazed by Cease-and-Desist Orders in Five States
Kalshi has no plans to back down despite the strong pushback in several states. In an interview with TechCrunch, the prediction market platform’s founder, Tarek Mansour said that he isn’t very concerned about the cease-and-desist orders his team has received. Kalshi’s Leaders Are Not Concerned Kalshi offers contracts on the outcomes of sports – a […]
Business
April 3, 2025
Kalshi Lawyer to Join DOGE, Report Says
Eliezer Mishory, a lawyer at event-based trading platform firm Kalshi, is supposedly taking a position at the Department of Government Efficiency (DOGE) at the US Securities and Exchange Commission. Kalshi Lawyer to Join Musk’s DOGE, Rumors Say According to recent reports, Mishory, the chief regulatory officer and general counsel at Kalshi, is set to join […]
Industry
April 3, 2025
Illinois Cracks Down on Prediction Markets Kalshi, Robinhood, and Crypto.com
Illinois has joined other states in taking action against prediction market platforms. It has issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com. The Illinois Gaming Board (IGB) decided these companies were helping illegal sports betting operations without the needed licenses. Illinois Takes Action Against Unlicensed Sports Betting on Prediction Platforms The regulators claimed these platforms […]
Industry
April 2, 2025
Kalshi Is Under Investigation by the Connecticut Department of Consumer Protection
Connecticut joins several other states in regulating Kalshi as concerns that sports event contracts resemble traditional sports wagering are rising. Connecticut Department of Consumer Protection Opens Investigation Into Kalshi Kalshi is now being investigated by the Connecticut Department of Consumer Protection. According to Kaitlyn Krasselt, a spokesperson for the regulator, Kalshi is suspected of operating […]
