Kalshi bans George Santos for life over State of the Union bets
The disciplinary action comes two months after the Commodity Futures Trading Commission settled charges against Santos.
Kalshi
FlightAware sues Kalshi over flight cancellation prediction markets
FlightAware says that Kalshi used its name and data to offer bets on flight cancellations without the flight tracker’s permission.
Kalshi demands Netflix take down trailer for ‘Prediction Games’ documentary
Kalshi claims the trailer is “defamatory” and contains “both fabricated documents and false and misleading statements.”
Mark Zuckerberg wants Meta to launch its own prediction market
The app would be independent of Meta’s other social media offerings, although sources told the NYT that those social sites could direct users to engagement with the app.
Kalshi doubles valuation in 5 months, hitting $22B
Prediction market startup Kalshi has raised a $1 billion Series F round led by Coatue.
Kalshi wins temporary pause in Arizona criminal case
The Commodity Futures Trading Commission announced Friday that it has won a temporary restraining order preventing Arizona from pursuing its criminal case against Kalshi.
Despite bitter rivalry, Kalshi, Polymarket CEOs back $35M predictions markets VC fund
As prediction markets explode, the new firm called 5(c) Capital, will back startups supporting the burgeoning category.
Bipartisan bill seeks to ban sports betting on Kalshi and Polymarket
Since FanDuel and DraftKings are subject to state-by-state gambling laws, rather than federal law, they would not be impacted by the bill.
Amidst legal turmoil, Kalshi is temporarily banned in Nevada
It’s the latest escalation in a regulatory battle over the future of prediction markets.
Kalshi’s legal troubles pile up, as Arizona files first ever criminal charges over ‘illegal gambling business’
It’s the latest salvo in an escalating battle between state regulators and an industry that claims it’s not beholden to them.