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
Kalshi reportedly raises $1B at $22B valuation in funding amid regulatory pressure Suswati Basu Kalshi is said to have pulled in more than $ 1 billion in a fresh funding round, pushing its valuation up to about $ 22 billion, according to sources cited by The Wall Street Journal. This appears to be … Continue reading Kalshi reportedly raises $1B at $22B valuation in funding amid regulatory pressure
Kalshi sues Iowa officials claiming federal authority over prediction market contracts Suswati Basu A federally regulated prediction market is taking Iowa officials to court, arguing the state is threatening to crack down on trading activity that federal law already oversees. Kalshi, a New York–based derivatives exchange, filed a complaint in the U.S. District … Continue reading Kalshi sues Iowa officials claiming federal authority over prediction market contracts
Regulators spotlight Kalshi insider trading cases amid criticism Suswati Basu Federal regulators and prediction-market exchange Kalshi are drawing attention to a pair of insider-trading cases, saying the actions show event-based markets are subject to the same rules as traditional derivatives platforms. The rollout, however, quickly met pushback from a journalist who argued that … Continue reading Regulators spotlight Kalshi insider trading cases amid criticism
Oregon class action lawsuit targets Kalshi over alleged illegal sports betting platform operations Suswati Basu Prediction market company Kalshi is now battling a string of class action lawsuits that accuse it of operating what amounts to unlicensed sports betting. The cases, filed in several states, argue that the company’s online trading platform crosses … Continue reading Oregon class action lawsuit targets Kalshi over alleged illegal sports betting platform operations
Alabama class action lawsuit aims to take down sports betting push by Kalshi Joel Loynds Suswati Basu A class action lawsuit has been filed in Alabama against Kalshi over what the plaintiffs claim is an illegal sports wagering website. Alabama is notoriously strict with its gambling laws, with it outright banned … Continue reading Alabama class action lawsuit aims to take down sports betting push by Kalshi
Tribes, AGA, and 27 states challenge Kalshi over the limits of federal gambling law Brian-Damien Morgan Suswati Basu Twenty-seven US states have backed tribal appellants in a federal gambling law case against Kalshi that could help define the future trajectory of gambling regulation across the United States. As market analysts and … Continue reading Tribes, AGA, and 27 states challenge Kalshi over the limits of federal gambling law
Kalshi faces class-action lawsuit over ‘deceptive’ claims denying gambling platform status Joel Loynds Suswati Basu A group of regular Kalshi users, some of whom are self-professed addicts, have filed a class-action lawsuit against the prediction market over its claims that it is not a betting platform. Alexander Hallman, Jeremy Kravetz, Daniel Greenberg, … Continue reading Kalshi faces class-action lawsuit over ‘deceptive’ claims denying gambling platform status
