The Washington state attorney general alleged Kalshi offers “gambling products” products dressed up as prediction markets in a lawsuit Friday. www.coindesk.com
Kalshi
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Regulation
Kalshi and Polymarket Face Senate Ban: End of Sports Betting on Prediction Markets?
by shayaanby shayaanA Republican and a Democrat just introduced a bill to ban sports betting on Kalshi and Polymarket. Kalshi is already facing criminal …
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Scams
Polymarket, Kalshi Make Moves to Counter Insider Trading as Scrutiny Grows
by shayaanby shayaanIn brief Polymarket and Kalshi both made new moves to try and curb insider trading on their prediction market platforms. Polymarket has …
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A Nevada court issued a 14-day ban on a wide range of contracts from prediction market firm Kalshi as the firm continues …
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Smart Contracts
Kalshi Raises $1 Billion to Double Valuation to $22 Billion: Reports
by shayaanby shayaanIn short Kalshi has raised $1 billion in a new funding round led by Coatue Management, valuing the prediction market at $22 …
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Regulation
Kalshi co-founder fights back against Arizona’s ‘overstep’ in what a lawyer calls a federal-state turf war
by shayaanby shayaanKalshi co-founder Tarek Mansour has called Arizona’s criminal case against the company a “total overstep,” casting the move as an attack on …
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Regulation
Arizona Attorney General files criminal charges against prediction market Kalshi
by shayaanby shayaanArizona Attorney General Kris Mayes filed criminal charges against Kalshi Tuesday, charging the prediction markets platform with operating an unlicensed gambling business …
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Finance
On Polymarket and Kalshi, five‑minute crypto bets now dominate prediction flows
by shayaanby shayaanUltra‑short crypto bets on Polymarket and Kalshi now drive most crypto volume, blurring hedging and gambling as AI bots, HFT firms and …
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Prediction market platform Kalshi faces a proposed class action from traders who say the exchange should have paid out bets tied to …
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Scams
Kalshi Sued Over Refusing to Pay Out Prediction Market After Iran Leader’s Death
by shayaanby shayaanIn brief Kalshi is facing a lawsuit in California over its resolution of a market related to the former Iranian leader. The …