Utah Files Felony Charges Against Kalshi, Co-Founders Over Sports Bets
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Michigan Judge Bars Kalshi Sports Bets, Threatens $500K Daily Fine
The order calls the prediction market platform a sports betting operation "masquerading as an investment opportunity."
Kalshi Ordered to Block Washington Bets Days After CFTC Backed It
A King County judge gave the exchange until August 19 to stop offering sports, election and politics wagers in the state.
Robinhood Misses Q3 Earnings as Crypto Revenue Rises and Prediction Market Bets Grow
Robinhood posted record revenue of $1.42 billion but earned $0.51 per share, short of the $0.55 expected, as bets on sports and elections grew to $173 million and crypto edged up.
Utah AG sues Kalshi, pursues profits from prediction market company
Derek Brown likened the prediction market company to a “public nuisance“ that was “causing a significant and substantial ongoing harm“ to state residents.
CFTC Investigating Adam Kinzinger Over Kalshi Bets on His Own Pardon: Report
The former congressman says he made $823 on the trades, had no inside information, and had checked the platform's rules first.
Kalshi loses appeal, setting up potential Supreme Court case
The 6th US Circuit Court of Appeals ruled against prediction market Kalshi, siding with Ohio and Tennessee on regulating sports-event contracts under state laws.