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Legal
April 9, 2025
Kalshi Scores Key Legal Win in Nevada Prediction Market Case
A federal judge has granted Kalshi a major legal victory in its ongoing conflict with Nevada regulators, marking a significant landmark in the ongoing disputes surrounding prediction markets in the USA. The newest ruling allows the controversial platform to keep offering sports event contracts in the state, at least until the ongoing lawsuit reaches its […]
Legal
April 9, 2025
Maryland Slaps Kalshi with Cease-and-Desist Letter
Maryland has become the sixth state to issue a cease-and-desist order to Kalshi, a prediction market for trading event contracts. This aligns with a strong pushback against the platform, as well as with a broader pushback against betting alternatives. Kalshi Has Been Growing Steadily Kalshi, which offers contracts on the outcomes of sports and other […]
Business
April 8, 2025
Former AGA SVP Sara Slane Joins Kalshi
Sara Slane, a former American Gaming Association (AGA) member announced that she will be joining Kalshi, a fast-growing platform that offers contracts on the outcomes of sports. Slane, who once played a key role in the overturning of the PASPA, will serve the prediction market as its new head of corporate development. Slane Is Excited […]
Industry
April 8, 2025
Kalshi Unfazed by Cease-and-Desist Orders in Five States
Kalshi has no plans to back down despite the strong pushback in several states. In an interview with TechCrunch, the prediction market platform’s founder, Tarek Mansour said that he isn’t very concerned about the cease-and-desist orders his team has received. Kalshi’s Leaders Are Not Concerned Kalshi offers contracts on the outcomes of sports – a […]
Business
April 3, 2025
Kalshi Lawyer to Join DOGE, Report Says
Eliezer Mishory, a lawyer at event-based trading platform firm Kalshi, is supposedly taking a position at the Department of Government Efficiency (DOGE) at the US Securities and Exchange Commission. Kalshi Lawyer to Join Musk’s DOGE, Rumors Say According to recent reports, Mishory, the chief regulatory officer and general counsel at Kalshi, is set to join […]
Industry
April 3, 2025
Illinois Cracks Down on Prediction Markets Kalshi, Robinhood, and Crypto.com
Illinois has joined other states in taking action against prediction market platforms. It has issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com. The Illinois Gaming Board (IGB) decided these companies were helping illegal sports betting operations without the needed licenses. Illinois Takes Action Against Unlicensed Sports Betting on Prediction Platforms The regulators claimed these platforms […]
Industry
April 2, 2025
Kalshi Is Under Investigation by the Connecticut Department of Consumer Protection
Connecticut joins several other states in regulating Kalshi as concerns that sports event contracts resemble traditional sports wagering are rising. Connecticut Department of Consumer Protection Opens Investigation Into Kalshi Kalshi is now being investigated by the Connecticut Department of Consumer Protection. According to Kaitlyn Krasselt, a spokesperson for the regulator, Kalshi is suspected of operating […]
Legal
April 1, 2025
Ohio Slaps Kalshi, Robinhood, and Crypto.com with Cease-and-Desist Orders
Some days after Michigan, New Jersey, and Nevada ordered Kalshi and Robinhood to cease and desist, Ohio followed suit, issuing similar orders to several event-based futures contracts platforms. While Kalshi and Robinhood challenged the orders in other states, the regulatory action in the Buckeye State shows mounting pressure against betting alternatives such as prediction markets. […]
Sports
April 1, 2025
Kalshi Sues Nevada Regulators Over Event-Based Trading Dispute
Kalshi, a New York-based financial exchange that specializes in event-based contracts, has sued Nevada gaming regulators questioning their right to control its operations. KalshiEX LLC has filed a case in US District Court in Nevada asking for a permanent order to stop state officials from meddling in its business. Kalshi Defends Federal Oversight as Nevada […]
Legal
March 31, 2025
Kalshi Challenges Cease and Desist Orders in Nevada, New Jersey
The popular prediction market platform, Kalshi, entered the sports vertical after introducing sports event trading contracts earlier this year. It became the latest prediction market to roll out trading on popular sports events in a move that cast waves across the country. Kalshi Files Preliminary Injunction Motions in Two States Kalshi’s actions attracted scrutiny from […]
