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
Bryson DeChambeau has signed a partnership with Kalshi Ross Kilvington Suswati Basu LIV Golf star Bryson DeChambeau has signed a deal to partner with Kalshi and thus becomes the first athlete to do so. Throughout the 2026 LIV Golf season, DeChambeau will feature in television adverts, social media campaigns and other promotional … Continue reading Bryson DeChambeau has signed a partnership with Kalshi
Kalshi sues Connecticut Department of Consumer Protection Sophie Atkinson The prediction market company Kalshi has sued the Connecticut Department of Consumer Protection over a cease-and-desist order that was issued on 3 December. “The Connecticut Department of Consumer Protection seeks to prevent Plaintiff KalshiEX LLC (“Kalshi”) from offering event contracts for trading on its … Continue reading Kalshi sues Connecticut Department of Consumer Protection
CNBC and Kalshi Strike Exclusive Partnership Suswati Basu Broadcasting giant CNBC and prediction market Kalshi have penned a multi-year partnership. The media conglomerate will, as a result of the deal, incorporate Kalshi’s real-time data into its broadcast media, digital platforms, and paid-for content. CNBC and Kalshi strike deal The partnership will be … Continue reading CNBC and Kalshi Strike Exclusive Partnership
Kalshi crosses $1 billion in monthly transaction volume <img alt=” src=’https://readwrite.com/wp-content/uploads/2024/03/avatar_user_26599_1710328901-80×80.jpg’ srcset=’https://readwrite.com/wp-content/uploads/2024/03/avatar_user_26599_1710328901-160×160.jpg 2x’ class=’avatar avatar-80 photo’ height=’80’ width=’80’ decoding=’async’/> Jacob Woodward Deputy Editor Prediction market Kalshi has surpassed rival Polymarket in a recent release, citing that the company has hit the $ 1 billion monthly transaction mark. The latter company is still the second-biggest prediction … Continue reading Kalshi crosses $1 billion in monthly transaction volume
Kalshi gets pause in Maryland, Nevada insists on discovery process Graeme Hanna Kalshi received updates to ongoing legal wrangles in Maryland and Nevada this week, with the prediction market platform still operational in both jurisdictions. In the Old Line State, Kalshi has dropped its request for a new injunction following an agreement with state officials … Continue reading Kalshi gets pause in Maryland, Nevada insists on discovery process
