New York Seeks to Shut Down Kalshi as $36 Billion Gambling Case Tests Federal Preemption
The CFTC invoked emergency authority on August 11 to order Kalshi to continue operating despite a New York state lawsuit…
Tag: Kalshi
NYC Council Questions Polymarket, Kalshi, Coinbase and Gemini Titan Over Marketing
The New York City Council launched an investigation August 12 into deceptive marketing by four prediction market platforms, citing a…
NYC Council Opens Marketing Probe Into Kalshi, Polymarket, Coinbase and Gemini Titan
The NYC Council launched a deceptive-marketing investigation into Kalshi, Polymarket, Coinbase, and Gemini Titan on August 12, a day after…
Connecticut Kalshi Case Remains Pending as State Regulators Press Sports-Wagering Claims
U.S. District Judge Vernon D. Oliver denied Kalshi a preliminary injunction on August 11, ruling that sports-event contracts are not…
New York Says Kalshi Penalties Could Reach $36 Billion in Sports-Contract Suit
The CFTC on August 11 ordered Kalshi to keep operating under federal rules after New York filed a $36 billion…
Kalshi’s New York Appeal Remains a Preemption Fight After Second Court Denial
The CFTC invoked emergency authority on August 11 to order Kalshi to continue operating under federal rules, directly countering New…
Connecticut’s Kalshi Case Tests State Sports-Betting Power Over Event Contracts
U.S. District Judge Vernon D. Oliver rejected Kalshi's bid for a preliminary injunction in Connecticut on August 10, ruling the…
State Lawsuits Put Sports Prediction Markets on Collision Course With CFTC Rulemaking
The CFTC told federally regulated prediction markets on August 7 to stop displaying sports contracts as plus-minus moneyline odds, calling…
Kalshi and Polymarket Funding Talks Put Private Valuations Ahead of Legal Clarity
Kalshi is pursuing fresh capital at a $40 billion valuation while Polymarket seeks $1 billion at $20 billion-plus, widening the…
CFTC Sues Kentucky After State Targets Kalshi and Polymarket Sports Event Contracts
The CFTC told regulated prediction market exchanges and brokers to stop displaying event contracts in American-style moneyline odds, citing research…