Kalshi’s $31.5 Billion June Volume Collides With New York and Minnesota Legal Fights
Tarek Mansour, Kalshi's 30-year-old CEO, says most founder advice is "mostly trash" as Kalshi's valuation soars to $22 billion and…
Tag: Kalshi
Washington Preliminary Injunction Against Kalshi Deepens State and Federal Fight Over Event Contracts
A Washington state court ordered Kalshi to halt most contracts in the state on August 14, while the CFTC simultaneously…
CFTC Innovation Committee Meeting Puts Kalshi’s State-Law Fight Back in Washington’s View
President Trump and CFTC Chair Mike Selig are set to meet with Kalshi and Polymarket executives August 20 at the…
Washington Judge Rejects Kalshi Preemption Defense In Preliminary Injunction
King County Superior Court Judge John McHale ordered Kalshi on August 13 to stop offering sports, elections, entertainment, and technology…
CFTC Scrutiny of Trump Speech Bets Puts Kalshi Mention Markets Under Pressure
The CFTC is reviewing Kalshi's "mention markets" after a former White House teleprompter operator made more than $100,000 betting on…
New York’s $36 Billion Kalshi Case Tests State Gambling Law Against CFTC Oversight
The CFTC on August 11 used Section 8a(9) emergency authority, invoked only seven times in agency history and not since…
JPMorgan Cut Polymarket Banking Relationship After CFTC Reentry Approval
JPMorgan told Polymarket to find a new bank in October 2025, citing regulatory exposure from the platform's then-unresolved CFTC status.…
Federal Judge Blocks Minnesota Prediction Market Ban Before August 1 Effective Date
A federal judge in Minnesota issued a preliminary injunction July 27 barring enforcement of the state's first-in-the-nation law banning prediction…
New York Seeks at Least $36 Billion From Kalshi as CFTC Fights State Gambling Enforcement
The CFTC issued an emergency order on August 11 requiring Kalshi to keep operating in New York despite a July…
New York’s $36 Billion Kalshi Suit Puts CFTC Preemption Fight Back in Court
The CFTC's August 11 emergency order to Kalshi to keep operating in New York, its second such intervention in a…