FlightAware sues Kalshi over flight cancellation betting data trademark use Suswati Basu FlightAware is suing prediction-market operator Kalshi, accusing the company of using its flight-tracking information and trademarks without permission to run and settle wagers on airline cancellations. Filed in federal court in New York, the case names Kalshi Inc., KalshiEX LLC, Kalshi … Continue reading FlightAware sues Kalshi over flight cancellation betting data trademark use
Connecticut judge rejects Kalshi injunction against state sports betting enforcement challenge Suswati Basu A federal judge has handed Connecticut regulators an early victory in their fight with prediction market operator Kalshi, refusing to stop the state from enforcing its gambling laws while the lawsuit moves forward. Kalshi has appealed the Connecticut federal district … Continue reading Connecticut judge rejects Kalshi injunction against state sports betting enforcement challenge
CFTC steps in to shield Kalshi from New York shutdown attempt Suswati Basu Kalshi can keep operating for now after the Commodity Futures Trading Commission (CFTC) invoked its emergency powers, warning that an effort by New York to restrict the prediction-market exchange could disrupt derivatives markets in the United States and internationally if … Continue reading CFTC steps in to shield Kalshi from New York shutdown attempt
Kalshi CEO says New York rejected $10B tax proposal amid crackdown Suswati Basu Kalshi CEO Tarek Mansour is escalating his company’s fight with New York, saying officials turned down a tax proposal that he estimates could bring the state nearly $ 10 billion over five years. Speaking Monday (August 3) on CNBC’s Squawk … Continue reading Kalshi CEO says New York rejected $10B tax proposal amid crackdown
New York sues Kalshi alleging illegal prediction markets defying state gambling laws Suswati Basu New York is taking its fight against prediction markets to court, with Gov. Kathy Hochul and Attorney General Letitia James announcing Friday (July 31) that the state has sued Kalshi, alleging the federally regulated prediction market operator is running … Continue reading New York sues Kalshi alleging illegal prediction markets defying state gambling laws
Nevada Kalshi suspend contempt hearing while geofencing rollout moves ahead Suswati Basu Nevada and Kalshi have agreed to put an escalating contempt fight on hold after jointly asking the court to cancel a scheduled hearing and instead oversee the rollout of stronger geofencing technology. The agreement shifts the immediate focus from sanctions to … Continue reading Nevada Kalshi suspend contempt hearing while geofencing rollout moves ahead
Washington judge clears path for injunction against Kalshi over prediction markets Suswati Basu A Washington judge has ruled that prediction market operator Kalshi likely violated the state’s gambling and consumer protection laws, paving the way for a preliminary injunction that could require the company to stop offering its event-based contracts to Washington residents … Continue reading Washington judge clears path for injunction against Kalshi over prediction markets
Wisconsin warns election bettors they could lose voting rights amid Kalshi lawsuit Suswati Basu Wisconsin election officials are telling residents they cannot legally bet on an election and vote in that same contest, setting off a fierce response from prediction market company Kalshi, which says the state’s guidance violates the Constitution. The Wisconsin … Continue reading Wisconsin warns election bettors they could lose voting rights amid Kalshi lawsuit
CFTC orders Kalshi to restore unwound Michigan prediction market trades Suswati Basu The Commodity Futures Trading Commission (CFTC) has directed Kalshi to complete pending trades that the prediction market operator had previously unwound after a Michigan state court order. The move leaves the company arguing it is now trapped between conflicting legal demands … Continue reading CFTC orders Kalshi to restore unwound Michigan prediction market trades
Critics challenge Kalshi rebuttal over retail trading loss classifications and transparency Suswati Basu Kalshi’s attempt to counter a Roosevelt Institute analysis of retail trading losses has triggered a wider public dispute, drawing criticism from gambling industry figures and prediction market observers. What began as a disagreement over research methods has changed into questions … Continue reading Critics challenge Kalshi rebuttal over retail trading loss classifications and transparency
