Arizona sports contracts lawsuit against Kalshi paused while Ninth Circuit appeals continue Suswati Basu A legal fight over prediction markets and state gambling authority is now on hold in Arizona while federal appeals judges weigh several related cases. Kalshi, the Commodity Futures Trading Commission, the Justice Department, and Arizona regulators jointly asked a … Continue reading Arizona sports contracts lawsuit against Kalshi paused while Ninth Circuit appeals continue
Kentucky class action lawsuit challenges Kalshi as alleged illegal gambling operations Suswati Basu A Kentucky man has filed a proposed class action against prediction market company Kalshi, accusing the platform of offering illegal gambling products to residents across the state. The lawsuit was filed Monday (May 11) in the U.S. District Court for … Continue reading Kentucky class action lawsuit challenges Kalshi as alleged illegal gambling operations
New Mexico tribes challenge Kalshi sports contracts over alleged illegal gambling Suswati Basu Four New Mexico tribes are taking prediction market company Kalshi to federal court, arguing that its sports contracts amount to illegal online sports betting conducted on tribal lands without approval from tribal regulators. The Mescalero Apache Tribe, Pueblo of Isleta, … Continue reading New Mexico tribes challenge Kalshi sports contracts over alleged illegal gambling
Arizona court battle against Kalshi slows amid legal scope disputes Suswati Basu A fight over prediction markets, federal authority, and Arizona gambling law is moving onto a slower track after all sides asked for more time, even as they continue arguing over what a temporary court order actually blocks. In a joint status … Continue reading Arizona court battle against Kalshi slows amid legal scope disputes
Kalshi suspended three political candidates from its platform for insider trading Even a broken clock is right twice a day. By Anna Washenko April 22, 2026 Reuters / REUTERS Prediction market Kalshi has taken action against three political candidates, alleging that each was engaged with insider trading of information about their campaigns. The company implemented … Continue reading Kalshi suspended three political candidates from its platform for insider trading
How do you self-exclude from prediction markets? Kalshi joins SelfExclude network Suswati Basu A new scheme aimed at protecting consumers in the US has opened up amid the fast-growing world of prediction markets. Kalshi has become the first platform to fully plug into a shared self-exclusion network called SelfExclude, a system designed to … Continue reading How do you self-exclude from prediction markets? Kalshi joins SelfExclude network
Judge allows Arizona gambling case against Kalshi, denying preliminary injunction Suswati Basu A federal judge is letting Arizona press ahead with its gambling case against a federally regulated prediction market, rejecting an urgent bid from Kalshi to halt enforcement while the broader legal fight plays out. In an order dated Wednesday (April 8), … Continue reading Judge allows Arizona gambling case against Kalshi, denying preliminary injunction
Fox partners with Kalshi to bring prediction markets into news coverage Suswati Basu Fox Corporation is teaming up with Kalshi to weave prediction market data into its news programming. The partnership will bring Kalshi’s real-time forecasts into several Fox News Media outlets, including Fox News Channel, Fox Business Network, Fox Weather, and the … Continue reading Fox partners with Kalshi to bring prediction markets into news coverage
Kalshi seeks preliminary injunction as tribes oppose Arizona betting crackdown Suswati Basu Kalshi is asking a federal judge in Arizona to step in and halt state enforcement actions targeting its event-based trading platform. The move ramps up a growing legal fight over whether Kalshi’s contracts should be treated as legitimate financial products or … Continue reading Kalshi seeks preliminary injunction as tribes oppose Arizona betting crackdown
Kalshi pushes appeals court to halt Ohio crackdown on trading markets Suswati Basu Kalshi is moving quickly to stop Ohio regulators from cracking down on its platform, asking a federal appeals court to step in before the situation escalates further. In a March 24 emergency filing seen by ReadWrite, the company told the … Continue reading Kalshi pushes appeals court to halt Ohio crackdown on trading markets
