Legal
October 29, 2025
Kalshi Faces Legal Setback as Federal Judge Sends Massachusetts Case to State Court
New York-based prediction market operator Kalshi has suffered a significant legal setback as a federal judge ruled that the platform’s ongoing legal battle with the state of Massachusetts must proceed in a state court rather than a federal one. This ruling marks a procedural win for Massachusetts Attorney General Andrea Campbell, who seeks to prevent […]
Legal
October 28, 2025
Kalshi Goes After New York Gambling Regulator
Prediction market platform Kalshi is not intimidated by gambling regulators, nor attorney generals. The company has been fighting and winning a case in New Jersey and is possibly gearing up for a fight in Massachusetts and Arkansas, where the Attorney Generals have issued a public opinion that these platforms are indeed in violation of local […]
Sports
October 23, 2025
NHL Partners with Polymarket and Kalshi on New Deals
It’s official: the National Hockey League (NHL) has branded Polymarket and Kalshi as its official prediction market partners. The move signals the league’s first official partnerships with these types of platforms in the United States. Branding and On-Screen Exposure The newly inked multiyear deals will enable the two companies to gain access to the NHL’s […]
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 […]
