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.
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.
Polymarket saw $529M traded on bets tied to bombing of Iran
Six newly-created accounts made a profit of $1 million by correctly betting that the U.S. would strike Iran by February 28.
An accountant won a big jackpot on Kalshi by betting against DOGE
A tax accountant saw Elon Musk fans bidding up a Kalshi prediction market and saw a sure bet to make easy money.
Kalshi fined a MrBeast editor for insider trading on markets related to the YouTube star
Kalshi fined the MrBeast editor, Artem Kaptur, for over $20,000.
Kalshi raises $1B at $11B valuation, doubling value in under two months
The latest funding comes less than two months after Kalshi announced that it raised $300 million at a $5 billion valuation.