Robinhood Agrees to Pause Michigan Sports Event Contracts Under Federal Court Deal
Robinhood agreed to stop offering new sports-related event contracts to Michigan customers by September 9 and close out remaining positions…
Articles by Naomi Castellan
ESMA Warns Polymarket and Kalshi Face EU Authorization and Market-Abuse Risks
The EU's securities regulator used its second 2026 risk report to warn that pseudonymous, on-chain prediction markets frustrate manipulation detection,…
Kalshi Starts NFL Week 1 With New York Seeking $36 Billion and Player-Availability Markets Pulled
Kalshi is marketing NFL Week 1 event contracts to consumers as New York Attorney General Letitia James pursues a $36…
Ninth Circuit Lets Nevada Enforce Sports-Betting Rules Against Kalshi, Deepening Split Before Supreme Court
A unanimous Ninth Circuit panel ruled August 28 that Nevada can enforce its gaming laws against Kalshi's sports-event contracts, directly…
New Jersey Asks Supreme Court to Decide Whether Kalshi Sports Contracts Are Swaps or Bets
New Jersey filed a Supreme Court cert petition on September 2 after the Third and Ninth Circuits issued directly conflicting…
New Jersey Asks Supreme Court to Decide Whether State Gambling Laws Reach Kalshi Sports Contracts
New Jersey Attorney General Jennifer Davenport filed a certiorari petition September 3 asking the Supreme Court to resolve a direct…
Kalshi State Fight Turns on Nevada, New Jersey Appeals Split and CFTC New York Order
A Ninth Circuit ruling on Aug. 28 directly conflicts with a Third Circuit decision from April, leaving Kalshi legally accessible…
New Jersey Asks Supreme Court to Decide Whether Federal Law Shields Kalshi Sports Contracts From State Gambling Rules
With New Jersey's cert petition filed September 2 and a Third Circuit-Ninth Circuit split now teed up for the justices,…
Kalshi Pulls Athlete Injury Markets After CFTC Pressure on Player Availability Contracts
Kalshi has pulled its athlete injury and player participation markets following CFTC pressure, weeks after Polymarket withdrew a similar self-certification.…
Ninth Circuit Lets Nevada Enforce Kalshi Sports Ban as Michigan Sets $500,000 Daily Penalty
A 9th Circuit panel ruled August 28 in KalshiEX v. Assad that Nevada can bar Kalshi's sports event contracts, while…