Prediction Markets
March 18, 2026
Kalshi Invites Players to Join Its $1B March Madness Challenge
Kalshi is bracing for March Madness, once again launching its $1 billion bracket challenge. The 2026 edition of the challenge will provide fans with a shot at earning a life-changing prize of a billion dollars if they can correctly predict all 63 NCAA Tournament games. A Perfect Bracket Would Earn Its Owner $1B Predicting 63 […]
Prediction Markets
March 17, 2026
Kalshi Seeks Court Order to Halt Arizona Prediction Market Ban
Prediction market operator Kalshi has launched a legal challenge against authorities in Arizona, asking a federal court to block state efforts that could prevent the platform from offering its event-based contracts to residents. Kalshi Seeks Injunction in Clash With Arizona Regulators The company filed its complaint in the United States District Court for the District […]
Prediction Markets
March 11, 2026
Ohio Judge Says Kalshi Is Gambling – Orders It to Stick to the Law
Kalshi is waddling through the familiar quagmire that has judges and regulators second-guessing the nature of its products. Is it a platform offering financial products and trades regulated under the Commodity Futures Trading Commission, or is it a covert form of gambling, as trade group Gambling Is Not Investing insists? Kalshi Faces Another Legal Setback […]
Prediction Markets
March 10, 2026
Kalshi Expands to Brazil with Brokerage Firm XP
Bloomberg has reported that Kalshi is now expanding further afield in Brazil, following an interview with company co-founder Luana Lopes Lara and the media outlet. Kalshi Delivers on Promise to Expand Further Globally The partnership is part of the company’s broader expansion strategy that will rely on established financial partners overseas rather than seek to […]
Prediction Markets
March 9, 2026
Kalshi and Polymarket Eye $20B Valuations Amid Scrutiny
Prediction market giants Kalshi and Polymarket are reportedly aiming for valuations of around $20 billion each, according to sources cited by The Wall Street Journal. Early Talks Both companies have been involved in talks with potential investors regarding possible capital raises that would push their market value to that level. These discussions are still early, […]
Prediction Markets
March 6, 2026
Michigan Takes Kalshi to Court, Becoming the Latest State to Tackle Prediction Markets
Prediction markets giant Kalshi has found itself in trouble in yet another state after Michigan’s attorney general launched a lawsuit against its parent company. The complaint asserts that the company violated the state’s gaming laws by offering wagers without a license. Kalshi Finds Itself in Trouble in Another State Michigan Attorney General Dana Nessel has […]
Prediction Markets
March 3, 2026
Kalshi Intensifies Lobbying Efforts in New York in Response to 3 New Bills
Kalshi has ramped up its lobbying efforts in New York as lawmakers consider several bills that would place prediction markets under state oversight. The federally regulated exchange registered to lobby in New York on February 21. State filings show Kalshi signed a $10,000-per-month agreement with the Albany firm Brown Weinraub to monitor and engage with […]
Prediction Markets
March 3, 2026
Kalshi Taps Associated Press for Election Data
Kalshi is continuing to expand its media partnerships, this time teaming up with the Associated Press (AP) and tapping the news agency’s vast data resources to help improve its US election tracking and markets. Kalshi, hailed as the world’s biggest prediction market platform, will now draw from AP vote count data and race calls specifically, […]
Prediction Markets
February 26, 2026
Kalshi Drops Affiliate Badges Following X/Twitter Policy Change on Gambling
Prediction market Kalshi took down all affiliate badges on X (formerly Twitter) earlier this week after the platform updated its paid partnerships policy to bar promotional deals with accounts that share gambling and sports betting content. Kalshi Removes Affiliate Badges The company said it decided to remove the Kalshi badges despite them being quite popular […]
Prediction Markets
February 26, 2026
Kalshi Sues Utah Officials in Preemptive Effort Against Prediction Market Crackdown
Prediction platform Kalshi has opened a fresh challenge in federal court to prevent what it believes will be swift enforcement action by Utah officials. The legal dispute mirrors similar lawsuits in other states and aims to determine which entity has jurisdiction over the fast-growing world of event-based trading. Kalshi is seeking an injunction to prevent […]
