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Sports
October 20, 2025
Kalshi Hit with Lawsuit over Alleged Sports Gambling Operations
From gambling regulators to attorney generals and now private citizens, Kalshi has had to fend off one lawsuit after another. Although it appears to be winning at least in Nevada, the prediction market platform has not had a quiet moment. The latest legal development filed against it comes in the form of a New York […]
Business
October 13, 2025
Kalshi Secures $300M Funding, Hits $5B Valuation
Tarek Mansour, CEO of Kalshi, has confirmed in a LinkedIn post the long-rumored $300 million investment secured in the company’s latest funding round, bringing the company’s valuation to $5 billion, as stated last month. Kalshi’s CEO Announces the Company Hit Its Previously-Stated Validation This new capital injection boosts the valuation of the prediction market leader […]
Sports
October 8, 2025
Kalshi Sues Ohio Regulators Over Limits on Prediction Market Activities
Kalshi, an online prediction market, has taken legal action in a federal court against the Ohio Casino Control Commission and the state Attorney General. The lawsuit claims that Ohio authorities have overstepped their authority by restricting Kalshi’s ability to sell “event contracts” connected to sports results. Ohio’s Crackdown on Kalshi Sparks Federal Lawsuit Over State […]
Business
October 2, 2025
Kalshi’s CEO Shares His Thoughts on the Bloomberg Odd Lots Podcast
Kalshi’s CEO, Tarek Mansour, made an appearance on Bloomberg’s Odd Lots podcast and talked about his company’s business operations, and expectedly, the status quo with prediction markets. A Superior Model Is Putting Sportsbooks on the Back Foot Mansour said that prediction markets are not only going anywhere, but they have near-limitless potential when it comes […]
Sports
October 1, 2025
Kalshi’s Same-Day Parlay Launch Shakes Betting Stocks
The first day of offering same-game parlays barely made a dent in Kalshi’s bottom line, but the launch was enough to trigger a ripple effect on the sports betting industry. The new product generated less than $2,000 in fees, yet DraftKings and Flutter Entertainment shares lost $7 billion in market value in total. 1,229 Recorded […]
Sports
September 26, 2025
South Park’s Latest Episode Takes a Swipe at Prediction Market Apps
The show “South Park” has, for as long as it’s been around, parodied many of the big cultural and societal trends in the US. Currently, the show is in season 27, and in episode five, which aired this week, the main focus was on prediction apps. In the episode, the kids at South Park Elementary […]
Sports
September 25, 2025
White House Eyes Josh Sterling for CFTC Leadership
As reported by Semafor, White House officials are vetting Josh Sterling, a former senior CFTC official currently representing prediction market operator Kalshi as a partner at law firm Milbank, to lead the Commodity Futures Trading Commission (CFTC). The news comes as a consequence of President Trump’s original nominee, Brian Quintenz, stalling. “If They Lose Their […]
Industry
September 19, 2025
Kalshi Surpasses $1B in Monthly Trading Volume, Establishes Global Dominance
Over the past year, prediction markets giant Kalshi has experienced a significant transformation, topping $1 billion in monthly traded volume, firmly establishing itself as the clear leader in the industry. Kalshi Establishes Global Prediction Markets Dominance The company reports that newly released data, drawn from publicly available metrics, shows Kalshi now controls 62.2% of the […]
Poker
September 18, 2025
Kalshi Secures Daniel Negreanu as Its New Brand Ambassador
Kalshi is not backing down, even though one regulator after the next has warned against prediction market platforms and filed lawsuits against many of the prominent operators in the United States. For their part, Robinhood, Kalshi, and others are fighting back, launching counter litigation of their own. Amid this, Kalshi is doubling down on expanding […]
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 […]