Kalshi lost in Connecticut and Washington state courts this week as the CFTC took the unusual step of ordering it to keep operating in New York.
prediction markets
Baltimore alleges Kalshi, Polymarket and partner apps ran unlicensed sports wagering, deepening North America's prediction-market legal fight.
Prediction market platforms are referring dozens of suspected insider traders to the CFTC, but a gutted enforcement staff has charged just three people.
Fliff and Onyx Odds have filed to become federally regulated futures brokers, the latest sign sweepstakes operators are eyeing prediction markets.
Gambling firms, the Seminole Tribe and Kalshi have given over $12M to Florida politics, mostly to GOP hopeful Byron Donalds.
New York City Council has demanded user, revenue and marketing data from four prediction market platforms amid fears youth are being targeted.
US regulator warns Kalshi and rivals that plus/minus odds could mislead traders, as legal fights over prediction markets and gambling law continue.
Michigan and Nevada have cut ties with the NCPG after it took $2 million from prediction-market firm Kalshi, sparking a legitimacy crisis.
A federal judge rejected Kalshi's bid to block Connecticut's gambling law, finding its sports contracts aren't federally regulated swaps.
A Gambling Insider analysis finds Kalshi "combo" bettors lose up to 35 cents per dollar staked, far worse than the blended figure widely reported.