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
Michigan Gaming Board ends National Council partnership over Kalshi responsible gambling dispute Suswati Basu The Michigan Gaming Control Board is cutting ties with the National Council on Problem Gambling after the organization announced a membership and investment partnership with prediction market operator Kalshi. In a July 1 letter to NCPG Executive Director Heather … Continue reading Michigan Gaming Board ends National Council partnership over Kalshi responsible gambling dispute
Nevada Supreme Court keeps Kalshi injunction alive during gaming laws appeal proceedings Suswati Basu Nevada’s highest court has declined to pause a preliminary injunction against Kalshi as the company continues its appeal in a dispute over Nevada’s gaming laws. In the same order, the court also approved requests from two out-of-state attorneys to … Continue reading Nevada Supreme Court keeps Kalshi injunction alive during gaming laws appeal proceedings
Federal agencies join Kalshi lawsuit challenging Rhode Island prediction market enforcement authority Suswati Basu The federal government has stepped into Kalshi’s legal fight with Rhode Island, arguing the state cannot use its gambling laws to restrict federally regulated prediction market contracts. The move widens the dispute over who controls event-based financial products tied … Continue reading Federal agencies join Kalshi lawsuit challenging Rhode Island prediction market enforcement authority
Kalshi adds compliance safeguards amid ongoing insider trading concerns Suswati Basu Kalshi is rolling out a new set of compliance measures designed to curb insider trading and market manipulation across its prediction markets. The company said the changes take effect immediately and come from recommendations made by its independent Surveillance Audit Committee. This … Continue reading Kalshi adds compliance safeguards amid ongoing insider trading concerns
New Mexico sues Kalshi as tribes escalate sports betting fight Suswati Basu New Mexico Attorney General Raúl Torrez has filed suit against prediction market operator Kalshi, arguing the company is offering online sports betting in the state without the licenses required under New Mexico law. The case, filed Thursday (June 4) in Santa … Continue reading New Mexico sues Kalshi as tribes escalate sports betting fight
Kalshi launches political power index amid scrutiny over prediction markets Suswati Basu Kalshi has rolled out a new political benchmark that tries to capture the balance of power between Democrats and Republicans in a single number. The product, called the Kalshi American Power Index, or KPOW, is now available on the company’s platform. … Continue reading Kalshi launches political power index amid scrutiny over prediction markets
Tribal coalition urges appeals court to reject Kalshi betting theory challenge in Tennessee Suswati Basu A coalition of tribal organizations and federally recognized tribes is asking a federal appeals court to overturn a ruling that temporarily blocked Tennessee from enforcing its sports wagering laws against prediction market operator Kalshi. The filing, submitted Tuesday … Continue reading Tribal coalition urges appeals court to reject Kalshi betting theory challenge in Tennessee
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
