Tag: Kalshi

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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.

Kalshi ordered to stop broad range of prediction markets in Washington

Kalshi must implement initial geofencing by Aug. 19 and a GeoComply multi-source geofencing system by Sept. 2.

Sequoia and Wellington in talks to lead $750 million Kalshi funding round

Kalshi, which raised $1 billion in May at a $22 billion valuation, is now the number one prediction market platform by revenue, followed by...

FlightAware Files Lawsuit Against Kalshi Over Flight Cancellation Data

FlightAware, a company that offers real-time status and information about flights globally, filed a lawsuit against Kalshi in a New York federal court over...

FlightAware Drops Kalshi Lawsuit One Day After Filing

Just a day after real-time flight tracking website FlightAware filed a lawsuit against prediction markets platform Kalshi over use of its name and data,...

FlightAware abruptly drops lawsuit against Kalshi over flight data

According to a Fortune article in July, Kalshi decided to pause flight cancellation contracts, after social media users expressed concerns over malicious actors causing...

CFTC Orders Kalshi to Keep Operating Amid New York Lawsuit

The US Commodity Futures Trading Commission (CFTC) invoked its emergency authority on Tuesday, ordering prediction market Kalshi to continue operating.The CFTC said that New...

CFTC orders Kalshi to continue offering prediction markets in New York after state lawsuit

"New York intends to make event contract derivatives waste away under its iron curtain of state gaming laws before the courts get the chance...

NY judge denies CFTC motion to halt enforcement action against Kalshi

The ruling leaves New York’s case against Kalshi in place while allowing the CFTC to renew its request before Judge Victor Marrero.

New York Sues Kalshi Over Alleged Illegal Gambling Operation

New York has sued prediction market platform Kalshi, alleging it operates an illegal, unlicensed gambling business by offering event contracts on sports, elections and...

New York sues Kalshi, will seek damages, alleging it offers gambling platform

James’ office described Kalshi’s event contracts as bets and said the platform takes wagers on professional and college sports, elections and culture. The lawsuit...

Kalshi, Polymarket win pause against Minnesota’s prediction market ban

A federal judge ruled that Minnesota’s law banning prediction markets likely runs afoul of the Commodity Exchange Act, granting a preliminary injunction against the...