Kalshi Faces $36 Billion Lawsuit from New York AG James
Ohio regulators planned to fine Kalshi $5 million for operating sports gaming without a license, but New York AG James is now seeking $36 billion in damages on behalf of the state.
Kalshi
New York AG Targets Kalshi for Operating Without Permit
New York AG Letitia James files a lawsuit against Kalshi for operating without a permit in the state.
Kalshi Resolves Market on Brad Pitt's World Cup Final Attendance
Kalshi has finally settled its market on Brad Pitt attending the World Cup final. Yet many are not happy.
Prediction Markets Suffer Legal Setbacks in New York & Wisconsin
Prediction markets suffered legal setbacks in two rulings this week as judges in Wisconsin and New York sided against the CFTC and Kalshi.
Key Takeaways from Minnesota Prediction Markets Injunction
Friday’s preliminary injunction barring Minnesota from implementing its unique law banning all prediction markets chalks another tally for Kalshi, Polymarket and the Commodity Futures Trading Commission (CFTC) on the ever-expanding U.S. court scoreboard.
Kalshi Faces Uncertainty Following Sixth Circuit Court Oral Arguments
A panel of judges in the U.S. Court of Appeals for the Sixth Circuit heard oral arguments from representatives of Kalshi and the states of Ohio and Tennessee on Thursday after split decisions in federal courts about whether the company should be allowed to offer sports prediction markets in the stat
Fanatics Lead RG Criticizes Kalshi and Polymarket
Prediction markets companies, such as Kalshi and Polymarket, have been criticized for a long time by various regulators, jurisdictions, and non-profit organizations alike.
Kalshi Ends Operations in Nevada
Kalshi agreed to fully shut down its operations in Nevada after admitting that people in the state were still able to access its event contracts despite a court order to geoblock the state.
Robinhood in Talks to Integrate Crypto.com's Prediction Markets
Robinhood Markets is reportedly in discussions with Crypto.com to bring the digital currency exchange's prediction markets business onto Robinhood's platform, according to people familiar with the matter.
Kalshi ordered to complete Nevada geofencing rollout by Aug. 12 or
The Nevada Gaming Control Board has reached an agreement with Kalshi requiring the prediction market operator to comply with a court order by August 12 or face a $120,000 daily penalty.
Netflix & Kalshi Clash Over Prediction Markets Documentary
Netflix premiered its prediction markets documentary on Sunday, but Kalshi has taken exception to the filmmakers appearing to show wagers placed on the platform in violation of a Nevada court order.
Kalshi Accused of Exploiting Child Protection Bill for Gaming
Last week, lawmakers introduced the Facial Recognition to Protect Children Act alongside Kalshi CEO Tarek Mansour. While promoting the legislation as a way to protect children, accusations have surfaced that the bill could allow prediction markets to expand further into sports and gaming.