Tag: Kalshi

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Kalshi Faces Lawsuit Over Khamenei Prediction Market

A class action lawsuit has been filed against prediction market Kalshi, alleging that the death carveout in the “Ali Khamenei out as Supreme Leader”...

Legal Storm Hits Kalshi as Traders Claim ‘Death Carveout’ Erased Their Winning Bets

Traders are suing prediction market Kalshi after a controversial contract tied to Iran’s supreme leader sparked a payout dispute, igniting legal questions about how...

Kalshi, approved by the Commodity Futures Trading Commission, was last valued at $11 billion, while Polymarket was valued at $9 billion.

Prediction market platforms Kalshi and Polymarket are discussing potential fundraising rounds that could value each company at about $20 billion.If completed at that level,...

Kalshi, Polymarket Eye $20B Valuations in Potential Fundraising: WSJ

Prediction market platforms Kalshi and Polymarket are reportedly exploring new fundraising rounds that could value the companies at around $20 billion each, roughly double...

Kalshi Faces Backlash Over Khamenei Market Resolution

Kalshi's resolution of prediction markets tied to the death of Iran's Supreme Leader Ali Khamenei has sparked controversy.Kalshi, a CFTC-regulated prediction market platform, is...

Kalshi Boots Politician, YouTuber For Insider Trading

A former contender for governor of California has been banned from Kalshi after betting on his own candidacy last year in violation of insider...

MrBeast editor nabbed by prediction market firm Kalshi for alleged insider trading

Kalshi, one of the leading prediction market firms, said it caught and penalized two users for insider-trading activity on its platform, including an editor...

Fed Research Finds Kalshi Markets Outperform Wall Street Surveys

A new study found that Kalshi’s markets respond more quickly to economic shifts than traditional surveys.Despite endless debates over where gambling ends and predicting...

After State Lawsuit Losing Streak, Kalshi Nabs Victory in Tennessee—This Could Be Why

In brief Kalshi won a preliminary injunction in Tennessee, but this conflicts with recent rulings in Nevada, Maryland, and Massachusetts, where judges sided with state...

Tennessee Judge Blocks State Crackdown on Kalshi Markets

A US federal judge in Tennessee temporarily blocked the state from enforcing its gambling laws against prediction markets operator Kalshi’s sports event contracts. The ruling,...

Nevada Sues Kalshi After Appeals Court Greenlights Action

The US state of Nevada has sued Kalshi after the prediction market company lost its court challenge to stop the state’s regulator from taking...