Kalshi takes legal blow in court ruling confirming state powers over prediction markets
This latest U.S. appeals court ruling sets up a rift between federal courts on event contracts, suggesting the U.S. Supreme Court may need to settle the matter.
Kalshi
Connecticut's new lawsuit against Kalshi piles on to prediction market legal fight
The courtroom combat across state and federal courts is so far producing roughly split outcomes, suggesting a big job may be coming for the Supreme Court.
Kalshi off-limits in multiple states as prediction markets, CFTC team up for battle
Washington state is cut off for Kalshi customers while the company combats the development in court and its federal regulator keeps pursuing new rules.
U.S. CFTC moves to stop Kalshi from canceling trades as ordered by Michigan court
The U.S. Commodity Futures Trading Commission threw itself in between Michigan courts and prediction market firm Kalshi on Tuesday, issuing an order to disallow the company from meeting a local court demand that it cancel previous customer transactions. The CFTC move amplifies its legal fight… Read More
Congress hits Polymarket and Kalshi with a massive insider trading probe
The U.S. House Oversight Committee plans a probe into the largest prediction market platforms over suspicions that government employees could be exploiting classified information for personal gain. Rep. James Comer, R-Ky., chair of the House Oversight and Government Reform Committee, is seeding the internal records… Read More
XO Market bets on user-generated prediction markets to rival Polymarket and Kalshi
*** NOT FOR PUBLICATION – EMBARGOED TILL 5AM ET APRIL 30 **** XO Market is betting that the future of prediction markets won’t be dictated by centralized teams deciding what people can trade on, but by users themselves. The startup, which just closed a $6… Read More