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Washington State Sues Kalshi Over Alleged Illegal Gambling Activities
The legal landscape for decentralized and centralized prediction markets has become increasingly complex as Washington State filed a lawsuit against Kalshi. State regulators allege that the platform is offering gambling…
Kalshi Gains FCM Approval to Launch Margin Trading via Kinetic Markets
The prediction market platform Kalshi has officially received regulatory approval to operate as a Futures Commission Merchant (FCM) through its affiliate, Kinetic Markets LLC. This development marks a significant milest…
Kalshi Valuation Hits $2 Billion as Prediction Market Demand Surges
The prediction market sector continues to demonstrate significant growth despite a tightening regulatory landscape. In a recent funding round, the prediction platform Kalshi has successfully raised over $1 billion, effe…
Arizona Files Criminal Charges Against Kalshi Over Election Bets
Arizona Attorney General Kris Mayes has initiated legal action against prediction market operator KalshiEx LLC and its affiliate Kalshi Trading LLC, filing 20 criminal counts against the entities. The state alleges that…
Prime Brokers to Expand Institutional Access to Kalshi Markets
Major prime brokerage firms are preparing to offer institutional clients and hedge funds direct access to Kalshi, a leading regulated prediction-market platform. This strategic move signals a growing intersection betwee…
Kalshi Faces Class-Action Lawsuit Over Disputed Iran Election Bet
The prediction market platform Kalshi has become the subject of a class-action lawsuit following a dispute over a high-stakes geopolitical contract. According to reports from Reuters, plaintiffs allege that the platform…
Kalshi and Polymarket Seek New Funding at $2 Billion Valuations
Prediction market giants Kalshi and Polymarket are reportedly in preliminary discussions with investors to secure new capital that would significantly elevate their market standing. According to reports from the Wall St…
Crypto Prediction Markets Surge Amid Middle East Geopolitical Tensions
Over the past weekend, global investors turned to decentralized prediction platforms and crypto exchanges to hedge against escalating geopolitical risks. As traditional financial markets remained closed, significant cap…