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153 clusters · 520 sources · 188 days · First seen · Last updated

Escalating legal and regulatory challenges for Kalshi

Overview

The regulatory battle over Kalshi and prediction markets has intensified, moving toward a definitive U.S. Supreme Court review. While Kalshi maintains its contracts are swaps under the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC), a growing coalition of state attorneys general argues they function as gambling. This conflict has led to significant legal fragmentation across federal circuits. Recent rulings have deepened this split. The Sixth Circuit Court of Appeals ruled that states like Ohio and Tennessee have authority to regulate Kalshi’s sports-related contracts, finding they do not qualify as “swaps.” Conversely, a federal judge in Illinois granted a preliminary injunction for Kalshi and Coinbase, ruling that certain state licensing requirements likely conflict with the Commodity Exchange Act. New Jersey has since petitioned the U.S. Supreme Court to resolve whether federal law preempts state police powers.

In Utah, the conflict has escalated from civil to criminal proceedings. Attorney General Derek Brown filed a civil lawsuit against Kalshi and affiliated trading companies, alleging they facilitated illegal gambling since 2024. The state claims approximately 32,000 to 33,000 Utah users participated, resulting in losses between $36 million and $66 million, and is seeking to recoup up to $60 million in alleged profits. Following this, Utah filed 14 criminal charges against Kalshi and its co-founders, Tarek Mansour and Luana Lopes Lara, including felony counts of promoting online gambling and a pattern of unlawful activity. In response, the CFTC and the U.S. Department of Justice filed a lawsuit against Utah to block the enforcement of state gambling laws, arguing that such actions attempt to “federally preempt state law.”

Entities

Commodity Futures Trading Commission · Kalshi · Polymarket · New Jersey · Utah

Claims

What the coverage asserts, and how many sources carry each claim.

Timeline

  1. [POLITICS] 27 sources
    Utah files criminal charges against Kalshi and its co-founders

    Utah has filed 14 criminal charges against prediction market Kalshi and its co-founders, alleging illegal gambling promotion following an undercover sting operation.

  2. [BUSINESS] 4 sources
    CFTC sues Utah to protect prediction market regulation

    The CFTC and U.S. Department of Justice have sued Utah to block the state from enforcing anti-gambling laws against Kalshi, a regulated prediction market platform.

  3. [BUSINESS] 13 sources
    CFTC sues Utah over prediction market jurisdiction

    The CFTC has sued Utah to prevent the state from using gambling laws to restrict Kalshi and other federally regulated prediction markets, citing exclusive federal jurisdiction.

  4. [BUSINESS] 3 sources
    New York Gaming Commission sues Kalshi over subpoenas

    The New York Gaming Commission is suing prediction market platform Kalshi to force compliance with subpoenas regarding its sports-event contracts and licensing status.

  5. [BUSINESS] 11 sources
    Utah sues Kalshi for alleged illegal gambling

    Utah Attorney General Derek Brown is suing prediction market platform Kalshi, seeking to block its services and recover up to $60 million in alleged illegal gambling profits.

  6. [BUSINESS] 4 sources
    CFTC proposes new regulations for prediction markets

    The US CFTC has proposed regulatory changes to classify event contracts as financial derivatives, distinguishing prediction markets from casino gambling.

  7. [BUSINESS] 6 sources
    Kalshi CEO warns of moving operations overseas amid prediction market legal battle

    Kalshi CEO warns of moving operations overseas if U.S. courts grant states authority over prediction markets instead of the CFTC, as New Jersey seeks Supreme Court intervention.

  8. [BUSINESS] 4 sources
    Kalshi appeals court ruling amid Ohio crackdown on prediction markets

    Kalshi is appealing a Sixth Circuit ruling as Ohio regulators crack down on prediction market companies like Polymarket and Coinbase for allegedly conducting illegal sports betting.

  9. [BUSINESS] 8 sources
    CFTC proposes new swap rules to regulate prediction markets

    The CFTC has proposed rules to classify sports, political, and weather event contracts as regulated swaps, asserting federal jurisdiction over prediction markets to provide a unified national framework.

  10. [BUSINESS] 4 sources
    Federal judge blocks Illinois regulation of prediction markets

    A federal judge ruled that prediction markets like Kalshi are regulated by the CFTC as financial swaps, blocking Illinois from applying state gambling regulations to these platforms.

  11. [BUSINESS] 2 sources
    New Jersey petitions Supreme Court over Kalshi sports contract ruling

    New Jersey is seeking U.S. Supreme Court review over whether sports event contracts are regulated by federal commodities law or state gambling rules, amid a fragmented national betting landscape.

  12. [BUSINESS] 6 sources
    Prediction markets face legal challenges over US gambling laws

    Prediction markets Kalshi and Polymarket face mounting legal challenges as US courts rule that sports-related event contracts may be subject to state gambling laws rather than just federal commodities oversight

  13. [BUSINESS] 3 sources
    Kalshi and Coinbase win partial injunction against Illinois

    A federal judge granted Kalshi and Coinbase a partial injunction in Illinois, ruling that state sports-wagering licensing rules likely conflict with federal commodity laws.

  14. [BUSINESS] 33 sources
    Sixth Circuit rules states can regulate Kalshi sports contracts

    The Sixth Circuit Court of Appeals ruled that Ohio and Tennessee can regulate Kalshi’s sports prediction contracts as gambling, rejecting the company’s claim that they are federally protected swaps.

  15. [POLITICS] 2 sources
    Texas lawmakers examine legal status of prediction markets

    Texas lawmakers are reviewing the legal status of prediction markets, which offer sports-related trades under CFTC regulation, potentially bypassing state sports betting prohibitions.

  16. [BUSINESS] 2 sources
    Texas lawmakers debate regulation of prediction markets

    Texas senators are debating whether prediction markets like Kalshi should be regulated as financial derivatives or classified as gambling under state law.

  17. [BUSINESS] 7 sources
    Kalshi faces regulatory fragmentation amid conflicting federal court rulings

    Conflicting federal court rulings in New Jersey and Utah have created a regulatory split over whether Kalshi’s prediction markets are federally regulated derivatives or state-regulated sports betting.

  18. [INTERNATIONAL] 17 sources
    Prediction markets face U.S. Supreme Court review over regulation

    New Jersey has petitioned the U.S. Supreme Court to determine if prediction market platforms like Kalshi must comply with state gambling laws or remain under federal CFTC jurisdiction.

  19. [BUSINESS] 3 sources
    New Jersey petitions Supreme Court over prediction market regulation

    New Jersey has asked the U.S. Supreme Court to decide if states can regulate sports betting on prediction markets like Kalshi, or if such activity falls under exclusive federal CFTC jurisdiction.

  20. [BUSINESS] 9 sources
    Kalshi faces legal injunctions and regulatory scrutiny

    Kalshi faces mounting legal pressure, including a Michigan court injunction against its sports markets, a lawsuit from FlightAware, and ongoing regulatory battles over its status as a prediction market.

  21. [POLITICS] 15 sources
    New Jersey petitions Supreme Court over prediction market regulation

    New Jersey has asked the U.S. Supreme Court to resolve whether prediction markets like Kalshi are federally regulated derivatives or state-regulated gambling, following conflicting appellate court rulings.

  22. [BUSINESS] 75 sources
    Kalshi issues lifetime ban to George Santos for market manipulation

    Kalshi has issued its first lifetime ban and a $71,356 fine against former U.S. Rep. George Santos for alleged market manipulation and insider trading regarding his attendance at the State of the Union.

  23. [BUSINESS] 68 sources
    Ninth Circuit rules prediction market sports contracts are gambling

    The Ninth Circuit ruled that Kalshi’s sports event contracts are gambling rather than regulated swaps, allowing states like Nevada to enforce gaming laws. Meanwhile, B.C. regulators declared such markets' trade

  24. [BUSINESS] 8 sources
    Kalshi faces Connecticut lawsuit and SEC petition amid regulatory disputes

    Kalshi faces a lawsuit from Connecticut over unlicensed sports wagering claims while simultaneously petitioning the SEC to delay rival product launches from Cboe.

  25. [BUSINESS] 2 sources
    Kalshi blocks Washington users amid legal battle over prediction markets

    Kalshi is blocking Washington residents following a court ruling labeling its prediction markets as unlicensed gambling, amid a broader regulatory battle between state laws and the CFTC.

  26. [BUSINESS] 13 sources
    Kalshi seeks CFTC approval for stock index and copper perpetual futures

    Kalshi is seeking CFTC approval for U.S. stock index and copper perpetual futures, while Cantor Fitzgerald launches institutional block trading for Kalshi's prediction markets.

  27. [BUSINESS] 3 sources
    Kalshi faces regulatory fines and court orders over gambling law compliance

    Kalshi faces major regulatory pressure as Nevada officials threaten daily fines and a Washington judge orders the prediction market to cease most operations by September 2 due to gambling law violations.

  28. [BUSINESS] 25 sources
    Kalshi ordered to halt most event contracts in Washington state

    A Washington judge ordered Kalshi to halt most event-based wagers, including sports and politics, ruling they constitute illegal gambling. The CFTC has invoked emergency powers to keep the platform operating.

  29. [BUSINESS] 4 sources
    Kalshi expands institutional access via DoubleZero and Apex Fintech

    Kalshi is enhancing its market reach through a low-latency data partnership with DoubleZero and a new API from Apex Fintech Solutions that allows brokers to offer regulated event contracts.

  30. [BUSINESS] 2 sources
    Kalshi loses court bid to block Connecticut gaming regulations

    A federal judge denied Kalshi’s request to block Connecticut’s gaming regulations, ruling that its sports-event contracts are not “swaps” under the Commodity Exchange Act and thus not subject to exclusive CFTC'

  31. [BUSINESS] 8 sources
    Kalshi adopts Nasdaq surveillance amid CFTC warnings and legal battles

    Kalshi is adopting Nasdaq’s surveillance tools and facing CFTC guidance against using gambling-style odds as New York seeks $36 billion in penalties over alleged unlicensed gambling operations.

  32. [BUSINESS] 4 sources
    Utah Judge Upholds State Anti‑Gambling Laws Against Prediction Market Kalshi

    A federal judge let Utah enforce its anti‑gambling law on prediction markets like Kalshi, rejecting the company's bid to block the rule; Utah will enforce, Kalshi plans to appeal.

  33. [BUSINESS] 9 sources
    Kalshi partners with compliance firm Comply amid New York lawsuit

    Kalshi teams with Comply to monitor employee prediction‑market trades as New York AG Letitia James sues the exchange, seeking a halt, fines and up to $36 billion in penalties.

  34. [BUSINESS] 16 sources
    New York Sues Kalshi Over Illegal Gambling Claims

    NY Attorney General Letitia James sued Kalshi for operating an unlicensed prediction‑market deemed illegal gambling, seeking up to $36 billion in penalties; Kalshi argues federal CFTC oversight and requests a f

  35. [BUSINESS] 9 sources
    Kalshi launches $500 promo codes for NBA, UFC, MLB and golf betting

    Kalshi offers up to $500 bonus credits for new users who trade $25, using promo codes linked to NBA, UFC, MLB, PGA and WNBA events; bonuses range $15‑$500, must be used within 7 days, and several U.S. states’re

  36. [BUSINESS] 6 sources
    Washington Judge Blocks Kalshi Prediction Market Over State Gambling Laws

    Washington judge John McHale issued a preliminary injunction against Kalshi, finding likely violations of state gambling laws and rejecting federal preemption, with detailed terms due by early August.

  37. [BUSINESS] 5 sources
    Kalshi event‑trading platform adds sports contracts and $10 new‑user promo

    Kalshi, a regulated futures exchange for event‑based contracts, launched sports markets such as an Athletics‑Diamondbacks game and offers a $10 bonus to new users who trade 100 contracts after signing up with “

  38. [BUSINESS] 2 sources
    Kalshi launches bonus promos for betting on LeBron James' free‑agency odds

    Kalshi offers $15 and $10 bonuses for new users trading on LeBron James' free‑agency odds, with the Heat leading at 49% probability; the platform is legal in 40+ U.S. states but excluded from several.

  39. [BUSINESS] 13 sources
    MLB betting promos and bonuses for July 2026 matchups

    MLB betting platforms roll out sign‑up bonuses for July 2026 games—Polymarket, DraftKings, BetMGM, OG—while analysts share NRFI picks for matchups like Dodgers‑Phillies and Tigers‑Cubs.

  40. [SPORTS] 2 sources
    Conor McGregor bets $100,000 on Argentina vs Spain World Cup final

    UFC star Conor McGregor wagered $100,000 on Argentina to beat Spain 3‑2 in the World Cup final at MetLife Stadium, with odds of 36 for a $3.6 million payout.

  41. [BUSINESS] 5 sources
    Polymarket launches $50 bonus for Spain‑Argentina World Cup final

    Polymarket gives a $50 bonus for new US users on the Spain‑Argentina World Cup final; Kalshi and Splash roll out separate bonuses for the Dodgers‑Yankees MLB game on July 19 2026.

  42. [BUSINESS] 2 sources
    CFTC orders Kalshi to defy Michigan court in prediction market dispute

    The CFTC used rare emergency powers to tell Kalshi to ignore a Michigan court order on sports trades, signaling a federal push against state regulation of prediction markets.

  43. [BUSINESS] 10 sources
    Kalshi predictive market platform expands event‑based trading options

    Kalshi's exchange lets users trade binary event contracts, using market‑driven pricing and liquidity to provide risk‑management tools and predictive insights.

  44. [BUSINESS] 5 sources
    Kalshi expands AI compute trading with advanced terminal and forward‑price curve

    Kalshi launched an advanced trading terminal and created a forward curve for GPU compute costs, positioning itself alongside CME and ICE in turning AI infrastructure into a tradable commodity.

  45. [BUSINESS] 10 sources
    CFTC blocks Kalshi from canceling Michigan trades amid state‑federal clash

    The CFTC barred Kalshi from canceling Michigan trades, staying the platform’s emergency rule and stressing that states cannot force a federal derivatives market to void executed contracts.

  46. [BUSINESS] 2 sources
    Investor Michael Burry warns about prediction markets and backs sportsbook stocks

    Michael Burry calls prediction markets gambling, cites regulatory loophole, and reveals a 40/60 split investment in DraftKings and Flutter, betting on future upside.

  47. [BUSINESS] 6 sources
    Kalshi launches new promo codes for MLB Home Run Derby and UFC 329

    Kalshi, a CFTC‑regulated prediction market, rolled out promo code MASSLIVE1 for a $10 bonus on MLB Home Run Derby trades and code WTOP15 for a $15 bonus on UFC 329 trades, both available to US users meeting a $

  48. [SPORTS] 2 sources
    DraftKings and OG Roll Out New U.S. Sports Betting Promotions

    DraftKings and OG unveiled U.S. betting promos: DraftKings offers a $200 bonus on a $5 MLB bet, while OG gives a $10 bonus after a $10 trade, both covering MLB and World Cup markets.

  49. [BUSINESS] 11 sources
    World Cup semifinal prompts betting platforms to launch promo code bonuses

    Betting platforms roll out new promo‑code bonuses – $10‑$15 for Kalshi, $50 for Polymarket, $1,000 bet resets for FanDuel – linked to MLB, NFL, UFC and the World Cup semifinal (France vs Spain).

  50. [BUSINESS] 2 sources
    West Virginia Sports Betting Market Expands with New Bonuses and World Cup Offers

    West Virginia's sports betting market offers low‑tax, multiple mobile apps and new promotions, including BetMGM's World Cup bonus codes for July 11 quarterfinal matches.

  51. [BUSINESS] 3 sources
    Kalshi faces US court setbacks over prediction market gambling

    US courts have ruled against Kalshi, with a Ninth Circuit hearing challenging its tribal gambling claims and a New York judge rejecting its injunction, letting the state enforce gambling laws on the prediction‑

  52. [BUSINESS] 5 sources
    Goldman Sachs and Other Wall Street Banks Ban Employee Prediction‑Market Trading

    Goldman Sachs and other major banks have banned employee trading on prediction‑market contracts amid insider‑trading concerns, while U.S. regulators and lawmakers consider broader restrictions.

  53. [BUSINESS] 5 sources
    Kalshi seeks regulator approval to launch perpetual futures in metals, FX and energy

    Kalshi is in talks with the CFTC to expand its perpetual futures—already used for crypto—into metals, foreign exchange and energy, drawing both investor interest and criticism from established exchanges.

  54. [BUSINESS] 2 sources
    Kalshi rolls out new user bonuses for prediction‑market traders

    Kalshi offers two new sign‑up bonuses – $15 with code ELITE15 and $10 with code SDS – after users trade the same amount, expanding its US prediction‑market platform.

  55. [BUSINESS] 5 sources
    New York wins court battle against prediction market platform Kalshi

    A U.S. judge denied Kalshi’s bid to block New York’s gambling law, upholding state authority over prediction markets and sparking a clash with the CFTC; Kalshi has appealed.

  56. [BUSINESS] 6 sources
    Polymarket sued in New York over Strategy Bitcoin market payout dispute

    Two traders sued Polymarket in New York, alleging the platform wrongly settled a Strategy Bitcoin sale market as “No” despite SEC filing proof, seeking damages for breach of contract and deceptive practices.

  57. [BUSINESS] 5 sources
    Kalshi rolls out multiple promo codes offering bonuses for World Cup and MLB trading

    Kalshi has introduced several promo codes—ALCOM15, MASSLIVE1, SYRACUSE and others—granting $10‑$15 bonuses to new US users trading World Cup and MLB events.

  58. [BUSINESS] 3 sources
    Kalshi and Polymarket surge during World Cup, hitting $4.4 bn non‑sports volume

    Kalshi and Polymarket added users during the World Cup, with Kalshi’s FIFA market topping $1 bn and combined non‑sports volume reaching $4.4 bn, driven mainly by Kalshi.

  59. [BUSINESS] 7 sources
    Kalshi hit by Michigan court suspension and nationwide legal hearings on sports contracts

    Kalshi’s sports contracts are suspended in Michigan while the company fights multiple federal and state lawsuits, including hearings in Washington and the Ninth Circuit, as World Cup betting tops $1 billion.

  60. [TECHNOLOGY] 2 sources
    U.S. Traders Bypass Polymarket Ban to Trade $571 Million in Political Contracts

    U.S.-linked wallets traded about $571 million on Polymarket’s political markets in the past year, bypassing the platform’s U.S. ban and focusing on foreign‑conflict contracts, prompting renewed regulatory Scrut

  61. [BUSINESS] 2 sources
    Polymarket sees $30 M in 24‑hour trading, leader‑exit bets surge

    Polymarket recorded over $30 M in 24‑hour trading, driven by political futures and leader‑exit bets, showing strong market interest in predicting political outcomes.

  62. [BUSINESS] 3 sources
    US brokerage apps bring prediction markets into mainstream investing

    Prediction markets went mainstream in the US as Robinhood added Kalshi contracts, expanding access and sparking debate over federal vs state regulation of sports‑related contracts.

  63. [BUSINESS] 2 sources
    World Cup Round of 16 Betting Bonuses Offered by Splash and Kalshi

    Splash offers a 50% deposit match up to $500 and a 100% QuickPicks Boost for new users betting on the Brazil‑Norway match; Kalshi gives a $15 bonus after $10 of trades for the Mexico‑England game.

  64. [BUSINESS] 2 sources
    US economic data and booming prediction markets dominate investor attention

    US economic releases this week could steer stocks and crypto, while prediction‑market platforms like Kalshi and Polymarket surge to $24 bn monthly volume, drawing legal and regulatory attention, including a new

  65. [BUSINESS] 2 sources
    Chalkboard and BetMGM roll out new MLB and World Cup betting promos

    Chalkboard and BetMGM announced new MLB/World Cup betting promos, offering deposit matches and first‑bet bonuses to new users in participating U.S. states.

  66. [BUSINESS] 11 sources
    Kalshi rolls out $10‑$15 bonus promo codes for World Cup and Independence Day MLB betting

    Kalshi offers $10‑$15 bonuses for new users who trade $10, covering World Cup knockouts and July 4 MLB games across most U.S. states.

  67. [SPORTS] 2 sources
    World Cup Betting Promotions Offer Over $2,000 in Bonuses Across Major Sportsbooks

    Kalshi, Polymarket and other prediction markets tout new user bonuses, while sportsbooks offer over $2,000 in combined promos for the Spain‑Austria World Cup match.

  68. [BUSINESS] 2 sources
    Kalshi offers enhanced $15 and $10 signup bonuses for World Cup and MLB prediction markets

    Kalshi introduced a $15 signup bonus via promo code LABS for the Brazil‑Japan World Cup match and a $10 bonus via code SDS for MLB games, requiring new users to trade $10 to receive the funds.

  69. [BUSINESS] 2 sources
    DraftKings launches proprietary DKeX prediction market exchange

    DraftKings launched DKeX, a proprietary prediction‑market exchange integrated into its app, replacing third‑party operators and driving a surge in its stock and trading volume.

  70. [TECHNOLOGY] 4 sources
    Meta launches development of its own prediction market app 'Arena

    Meta is developing a prediction‑market app called Arena, initially using virtual points, to enter the $130 billion prediction‑market industry and may later support real‑money betting.

  71. [TECHNOLOGY] 2 sources
    Polymarket hack causes $3 million loss for users in supply‑chain attack

    A supply‑chain attack injected malicious script into Polymarket’s frontend, stealing about $3 million from under 15 users; the platform says its backend was untouched and will refund all losses.

  72. [TECHNOLOGY] 7 sources
    Meta develops 'Arena' prediction‑markets app aimed at 100 million users

    Meta is building a standalone prediction‑markets app, Arena, using a points system, targeting 100 million users aged 18‑34, and weighing partnerships with Polymarket and Kalshi.

  73. [BUSINESS] 5 sources
    Bonus Promo Codes Launch for Sports Betting and Prediction Platforms

    U.S. sports‑betting sites launch new‑user promo codes: Boom’s WTOP40 gives $40 MLB line‑ups, Kalshi’s ELITE15 provides a $15 trade bonus, and Novig’s WTOP50 offers $50 credit after a $5 spend.

  74. [BUSINESS] 3 sources
    Institutional investors shift stakes in Axcelis Technologies and DraftKings

    Wesbanco Bank bought 12,800 Axcelis shares, while Rockefeller Capital raised its DraftKings stake by 458%; DraftKings also launched its DKeX prediction market exchange.

  75. [BUSINESS] 9 sources
    Polymarket faces regulatory scrutiny and security breach as US lawmakers demand CFTC probe

    US senators push CFTC to probe Polymarket over misleading influencer ads; the regulator has opened an inquiry. Meanwhile, the platform sees high trading volume and a $3 million user‑fund breach via a third‑part

  76. [TECHNOLOGY] 17 sources
    Polymarket suffers $3 million supply‑chain hack, pledges full refunds

    A compromised third‑party vendor let hackers steal about $3 million from Polymarket users via a malicious frontend script; the breach was contained and the platform vows full refunds.

  77. [BUSINESS] 5 sources
    Kalshi targets $40 billion valuation in new funding round

    Kalshi seeks new funding at a $40 billion valuation, aiming to close Q3 2026; CEO hints at an IPO after 2027, while trading volumes surge and regulatory risks loom.

  78. [BUSINESS] 11 sources
    Polymarket posts $1 billion annualized revenue as user base expands

    Polymarket’s revenue exceeds $1 bn and a Bitget study shows 60 % of its users debut on‑chain via the platform, sparking billions in event‑driven volume.

  79. [BUSINESS] 3 sources
    Kalshi and Polymarket Surge as World Cup Boosts Prediction Markets

    World Cup hype drives Polymarket’s volume up 300% and Kalshi’s open interest past $1 billion, prompting CFTC rulemaking and gaming‑industry lobbying over sports prediction markets.

  80. [TECHNOLOGY] 2 sources
    Meta builds Arena app for points‑based prediction markets

    Meta is creating a points‑based prediction‑market app called Arena, initially using virtual points instead of cash, targeting the $130 bn market while navigating regulatory scrutiny.

  81. [TECHNOLOGY] 3 sources
    Meta develops standalone prediction‑market app “Arena”

    Meta is building a standalone prediction‑market app “Arena” that lets users earn points for forecasting events, launching without real‑money betting.

  82. [BUSINESS] 6 sources
    CFTC files federal lawsuit against Kentucky over prediction market regulation

    The CFTC sued Kentucky to block state gambling rules on prediction‑market platforms, calling them federally regulated swaps and challenging a 14.25% tax. Kalshi also sued Illinois over a state law it says unlaw

  83. [BUSINESS] 2 sources
    Kalshi and Novig Launch Sports Trading Bonuses Ahead of World Cup

    Kalshi and Novig are offering $15 and $50 bonuses respectively for new U.S. users to trade on World Cup and MLB markets.

  84. [BUSINESS] 15 sources
    Kalshi pursues $40 billion valuation while battling Illinois lawsuit and expanding market bans

    Kalshi seeks a $40 billion valuation as trading volume soars, while it sues Illinois over a new licensing tax and adds India to its restricted‑jurisdictions list.

  85. [TECHNOLOGY] 51 sources
    Meta develops standalone prediction‑market app “Arena”

    Meta is developing “Arena”, a points‑based prediction‑market app that will run apart from its main social platforms, use AI to generate questions, and aim to challenge Polymarket and Kalshi while eyeing future,

  86. [BUSINESS] 2 sources
    Kalshi launches $10 sign‑up bonus for sports prediction markets

    Kalshi offers new users a $10 sign‑up bonus for trading on PGA and World Cup markets, available across the U.S. with promo codes RATE and DENVER.

  87. [BUSINESS] 2 sources
    Sports betting apps Chalkboard and Novig roll out World Cup and MLB bonus offers

    Chalkboard and Novig each introduced bonus promotions for new users, covering World Cup games and MLB matchups, with deposit matches and credit offers.

  88. [BUSINESS] 7 sources
    Polymarket pays influencers for staged winning videos targeting U.S. bettors

    WSJ found Polymarket paid influencers to post fake winning videos on copycat sites, targeting U.S. users despite a ban; $1.9 M in wagers were fictitious and the clips earned 140 M+ views.

  89. [BUSINESS] 2 sources
    Google employee insider‑trading case underscores surge in prediction markets

    A Google employee was charged with insider trading on Polymarket, highlighting the rapid growth of prediction markets that now process billions in monthly volume and raise new regulatory challenges.

  90. [BUSINESS] 2 sources
    Prediction Markets Reach $1.48 B Record Open Interest

    a16z reports a $1.48 billion record in crypto prediction‑market open interest, while Polymarket faces a WSJ probe for paying influencers to post fake profit videos.

  91. [BUSINESS] 6 sources
    Sports betting platforms launch World Cup bonus promos

    Kalshi, Polymarket and BetMGM rolled out World Cup betting bonuses for new US users, offering $10‑$1,500 rewards tied to specific promo codes and deposit or trade requirements.

  92. [BUSINESS] 2 sources
    Kalshi and Polymarket face global bans as governments clamp down before 2026 World Cup

    Kalshi and Polymarket, poised for $3‑10 bn in World Cup‑related bets, face bans in Spain, Indonesia, India and Brazil as regulators deem them gambling or securities.

  93. [BUSINESS] 2 sources
    Polymarket accused of paying influencers to promote fabricated prediction‑market wins

    Wall Street Journal alleges Polymarket paid influencers to post fabricated winning videos, concealed compensation, and now promises an audit amid trust concerns.

  94. [SPORTS] 4 sources
    US Sports Betting Platforms Roll Out New User Bonuses

    Splash, Kalshi and DraftKings launch new US promos – up to $500 match, $15 prediction bonus, and $200 bonus bets – for MLB and World Cup games.

  95. [BUSINESS] 2 sources
    Kalshi Sets Record Weekly Volume and Mulls IPO as Revenue Tops $2 Billion

    Kalshi posted a $7.5 billion weekly volume record, saw revenue rise above $2 billion and began early IPO talks for a possible 2027‑28 listing.

  96. [POLITICS] 2 sources
    Kentucky Attorney General sues VGW, Kalshi, and Polymarket over illegal gambling

    Kentucky AG Russell Coleman sued VGW, Kalshi and Polymarket, claiming they run illegal sportsbooks and evade state gambling rules; VGW vows to fight the lawsuit.

  97. [BUSINESS] 8 sources
    Kalshi launches Canadian prediction‑market platform through Wealthsimple

    Kalshi partners with Wealthsimple to launch Wealthsimple Predict, offering about 4,000 regulated prediction‑market contracts in Canada this summer, after CIRO approval; US regulatory challenges continue.

  98. [BUSINESS] 2 sources
    Kentucky sues prediction market platforms Kalshi and Polymarket over alleged illegal sports betting

    Kentucky sued Kalshi and Polymarket, alleging they run illegal sports‑betting platforms; the firms argue the contracts are swaps under CFTC oversight, a clash that may reach the Supreme Court.

  99. [BUSINESS] 6 sources
    Betting operators launch major World Cup 2026 promotions

    DraftKings, BetMGM, Odibets and OG roll out new World Cup 2026 betting bonuses and prize promotions in the US, UK, Kenya and online.

  100. [BUSINESS] 3 sources
    US betting sites offer World Cup bonuses to new users

    Kalshi, Polymarket and BetMGM each rolled out US‑only World Cup promos, offering new users bonuses ranging from $10 to $1,500 for betting on matches like USA‑Australia and England‑Croatia.

Sources

1001infos.net · 1470kyyw.com · 199it.com · 6abc.com · a-teaminsight.com · abbynews.com · abc11.com · abc13.com · abc17news.com · abc30.com · abc7.com · abc7chicago.com · abc7news.com · abc7ny.com · abmedia.io · acierta.mx · aijourn.com · al.com · albernivalleynews.com · albertleatribune.com · alienwp.com · aljazeera.com · alobbs.com · alphanews.org · ambcrypto.com · americanbazaaronline.com · analyticsinsight.net · android-mt.ouest-france.fr · androidportal.zoznam.sk · antoinefink.com · apple.slashdot.org · archynewsy.com · archyworldys.com · arstechnica.com · artinamericamagazine.com · arynews.tv · asiatimes.com · au.pcmag.com · awe.sm · awfulannouncing.com · azeritimes.com · backtojerusalem.com · banyanhill.com · bctv.org · belgiannature.be · bezpretlac.cz · bhinfo.fr · bitcoinethereumnews.com

This summary has been updated 32 times: see revision history