Legal
May 12, 2025
Kalshi Fights Nevada in High-Stakes Clash Over Federal vs. State Control
Kalshi, a company running prediction markets, is pushing hard to stop Nevada officials from banning its trading contracts. Kalshi Argues Federal Law Overrides Nevada in Sports Betting Dispute The firm claims that federal law, not state rules, decides if its business is legal. Kalshi told a court that the Commodity Exchange Act (CEA), which controls […]
Industry
May 8, 2025
Bettors Lose Big as Robert Prevost Becomes First American Pope
Many pious people consider gambling to be a sin. Considering this, the election of Cardinal Robert Prevost as the new Pope, which resulted in countless lost bets, could perhaps be considered one of his first victories. Prevost Became Pope Leo XIV In an unexpected turn of events, the Chicago-born Cardinal Robert Prevost was named as […]
Industry
May 6, 2025
CFTC Backs Down on Appeal in Political Betting Case Against Kalshi
The Commodity Futures Trading Commission (CFTC) has decided to withdraw its appeal in federal court related to a case against Kalshi. The prediction market remains embroiled in proceedings and legal challenges as the future of such products has been somewhat hazy. However, the CFTC’s latest decision suggests that prediction markets might be here to stay. […]
Legal
April 29, 2025
Judge Sides with Kalshi in Sports Prediction Market Dispute in New Jersey
A federal court in New Jersey has given Kalshi, a prediction market operator, a big legal victory. The court granted a preliminary injunction to stop state-level attempts to block the company’s sports-related event contracts. This ruling comes after the New Jersey Division of Gaming Enforcement (NJDGE) issued a cease-and-desist order in March. The NJDGE claimed […]
Industry
April 23, 2025
Kalshi Fires Back at Maryland Regulator in New Lawsuit
Tensions between state regulators and emerging prediction markets have further escalated as KalshiEX LLC filed a lawsuit against the Maryland Lottery and Gaming Control Commission (MLGCC) on Monday, challenging a recent cease-and-desist order that threatened to jeopardize its business in the state. This development comes shortly before the CFTC’s April 30 roundtable, an event that […]
Sports
April 17, 2025
Kalshi’s Nevada Win Faces Federal Hurdles Over Sports Betting Rules
Kalshi, a prediction market platform with federal oversight, just scored an initial legal victory in Nevada. However, this courtroom win might not last long, as old federal laws that ban sports betting across state lines loom in the background. Federal Judge Blocks Nevada from Regulating Kalshi, but Legal Questions Remain A US District Court judge […]
Legal
April 9, 2025
Kalshi Scores Key Legal Win in Nevada Prediction Market Case
A federal judge has granted Kalshi a major legal victory in its ongoing conflict with Nevada regulators, marking a significant landmark in the ongoing disputes surrounding prediction markets in the USA. The newest ruling allows the controversial platform to keep offering sports event contracts in the state, at least until the ongoing lawsuit reaches its […]
Legal
April 9, 2025
Maryland Slaps Kalshi with Cease-and-Desist Letter
Maryland has become the sixth state to issue a cease-and-desist order to Kalshi, a prediction market for trading event contracts. This aligns with a strong pushback against the platform, as well as with a broader pushback against betting alternatives. Kalshi Has Been Growing Steadily Kalshi, which offers contracts on the outcomes of sports and other […]
Business
April 8, 2025
Former AGA SVP Sara Slane Joins Kalshi
Sara Slane, a former American Gaming Association (AGA) member announced that she will be joining Kalshi, a fast-growing platform that offers contracts on the outcomes of sports. Slane, who once played a key role in the overturning of the PASPA, will serve the prediction market as its new head of corporate development. Slane Is Excited […]
Industry
April 8, 2025
Kalshi Unfazed by Cease-and-Desist Orders in Five States
Kalshi has no plans to back down despite the strong pushback in several states. In an interview with TechCrunch, the prediction market platform’s founder, Tarek Mansour said that he isn’t very concerned about the cease-and-desist orders his team has received. Kalshi’s Leaders Are Not Concerned Kalshi offers contracts on the outcomes of sports – a […]
