Business
December 18, 2025
Kalshi Faces Rising Risk in Nevada as Court Ruling Clears Way for Enforcement
Kalshi’s push to secure a nationwide presence is clashing with Nevada’s historic view of gambling regulation. The ongoing legal tension in the state could soon extend beyond civil litigation. After a federal judge refused to give the prediction market a stay, Kalshi is now facing potential enforcement action in the state, including the risk of […]
Industry
December 12, 2025
Prediction Markets Band Together to Protect the Sector’s Interests
Some of America’s biggest prediction markets companies have joined forces to create a new coalition that will protect the sector’s interests amid continued pushback against event contracts. The so-called Coalition for Prediction Markets will provide the industry with a voice, allowing it to dispute claims it believes to be wrongful. The Coalition for Prediction Markets […]
Industry
December 11, 2025
Judge Grants Kalshi Temporary Relief in Betting Dispute
At the start of the month, Connecticut regulators took aim at KalshiEX LLC, Robinhood Derivatives, and Crypto.com, accusing them of running unlicensed gambling operations. The Department of Consumer Protection said their sports wagering contracts broke state law and demanded that all three platforms immediately stop offering bets. A federal judge has now offered Klashi temporary […]
Casino
December 10, 2025
Massachusetts Doubles Down on Anti-Prediction Markets Rhetoric
Suffolk County Superior Court Judge Christopher Barry-Smith has become the latest legal expert in Massachusetts to question whether prediction market platforms, such as Kalshi, could be allowed to operate legally in the Bay State. Kalshi Faces New Pressure in Massachusetts as State Presses On Commenting on the matter, Judge Barry-Smith explored a familiar argument, arguing […]
Sports
December 8, 2025
CNBC to Add Kalshi Prediction Data to 2026 Coverage
Klashi, the largest prediction market in the world, has announced it will team up with CNBC in a multi-year partnership aimed at bringing real-time prediction-market data to its TV shows, digital channels, and subscription platforms starting in 2026. “Powerful Complement to CNBC’s Reporting” The move is a first for a major financial newsroom and aims […]
Sports
December 4, 2025
Connecticut Goes After Prediction Markets, Orders Them to Halt Operations
The Connecticut Department of Consumer Protection has issued a warning against Kalshi, Robinhood, and Crypto.com, ordering them to stop offering prediction markets in the state. This warning comes at an important time for the companies, as Kalshi has recently concluded a funding round, sending its valuation to $11 billion, and launching a partnership with CNN. […]
Industry
December 3, 2025
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 […]
Industry
December 1, 2025
Kalshi Slapped with Another Class-Action Lawsuit, As Legal Challenges Continue
Kalshi is under increasing pressure to discontinue its sports event contracts in jurisdictions that already have sports betting laws. However, the prediction market platforms have repeatedly and pointedly argued that this is not really something it is obligated to do, seeing how its products are regulated by the CFTC, and not local sports betting laws. […]
Sports
November 26, 2025
Ruling Stops Kalshi from Offering Sports Contracts in Nevada
A Las Vegas federal court has given Nevada gaming regulators the go-ahead to act against Kalshi, a prediction-market operator. Nevada Regulators Gain Ground as Court Blocks Kalshi’s Bid to Offer Sports-Based Markets This decision puts a stop, at least for now, to the company’s attempts to offer sports-related contracts in the state. US District Judge […]
Legal
November 25, 2025
Kalshi Seeks Dismissal in Ho-Chunk Nation Sports Betting Suit
A legal battle is heating up in federal court as the Ho-Chunk Nation challenges prediction-market operator Kalshi and its distribution partner Robinhood. Tribe Claims Kalshi, Robinhood Encroach on Tribal Sovereignty With Online Gambling The Ho-Chunk Nation tribe claims these companies are running an illegal gambling operation that encroaches on tribal sovereignty. The lawsuit filed in […]