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Legal
July 10, 2025
Tribal Groups Use Supreme Court Ruling to Expand Legal Fight Against Kalshi
The legal battle over Kalshi, a fast-growing prediction market platform, has heated up as tribal groups point to a recent US Supreme Court decision to strengthen their case. Tribes Say SCOTUS Ruling Exposes Gaps in CFTC Oversight In a July 1 filing, over 65 tribes and tribal organizations argued that the Supreme Court’s June 27 […]
Sports
June 27, 2025
Prediction Market Kalshi’s Value Hits $2B After Major Funding Round
Kalshi, a prediction market platform based in New York, has pulled in $185 million in a fresh Series C funding round, pushing its worth up to $2 billion. This cash injection stands as a big step for the company as it aims to become a key player in the world of financial and event betting. […]
Sports
June 25, 2025
Tribes Challenge Kalshi’s Sports Betting in Maryland Case
A coalition of 27 federally recognized tribes, along with seven tribal associations, has entered the legal battle between prediction exchange platform Kalshi and the state of Maryland by submitting an amicus brief. Kalshi’s Contracts Allegedly Threaten Tribal Gaming Operations They argue that Kalshi’s sports event contracts effectively operate as illegal sports wagers, a position mirroring […]
Industry
June 24, 2025
Tribes Back Maryland’s Regulator in Its Legal Battle with Kalshi
A growing number of tribes is taking a stance in the legal battle surrounding Kalshi’s sports event contract offerings, this time in Maryland’s federal court. Several national and regional tribal organizations, representing twenty-seven federally recognized tribes, have filed an amicus brief opposing Kalshi’s court plea for a preliminary injunction against the Maryland Lottery and Gaming […]
Industry
June 24, 2025
Tribal Leaders Push Back Hard Against Kalshi
US tribal leaders remain strongly opposed to Kalshi’s sports prediction markets, refuting the platform’s assertions that it maintains constructive dialogue with tribal nations. They decried Kalshi’s attempts at communication as dismissive and disingenuous, remaining adamant that Kalshi’s offerings represent illegal gaming that threatens regulated operators and erodes tribal gaming rights. The Rift Between Kalshi and […]
Industry
June 18, 2025
States, Tribes, and Industry Groups Join NJ in Legal Dispute Against Kalshi
Groups filing amicus briefs against prediction markets giant Kalshi continue to grow in number as 34 state attorneys general, several tribes, the American Gaming Association (AGA), and more side with the state of New Jersey. New Actors Join New Jersey in Legal Dispute Against Kalshi The legal dispute started when Kalshi filed a lawsuit in […]
Sports
June 17, 2025
FanDuel Reportedly Eyes Strategic Partnership with Kalshi
FanDuel has started early talks with Kalshi, a prediction market platform. This move suggests traditional sportsbooks might be adjusting to the quick changes in the sports betting market. FanDuel and Kalshi May Join Forces as Betting and Prediction Markets Converge Kalshi gained attention during the 2024 US Presidential election. It lets users trade on real-world […]
Casino
June 11, 2025
Senators Press Quintenz on Prediction Markets at CFTC Hearing
Brian Quintenz’s Senate hearing to become CFTC Chair kicked off heated discussions this week, with tribal gaming rights and the future of sports event contracts taking center stage. Senators used the meeting not just to evaluate Quintenz’s qualifications but also to question him about how the agency under his watch would deal with disputed prediction […]
Sports
May 29, 2025
GOP Hopeful Bets on Himself in CA Governor Prediction Market
In a bold move, California gubernatorial candidate Kyle Langford has placed a small but symbolic wager on himself. The Republican hopeful publicly disclosed on X (formerly Twitter) that he purchased $98.76 worth of contracts on Kalshi, the popular prediction market platform that has recently added Solana to its crypto options, betting that he will become […]
Blockchain
May 27, 2025
Kalshi Expands Crypto Options with Solana
Prediction markets operator Kalshi is now accepting Solana (SOL) as a deposit option for funding user accounts, the US company recently announced. Solana Is Now Available for Kalshi Users According to the Kalshi help center, users can now instantly access their funds, allowing them to start trading right away. This eliminates the typical delays associated […]
