The Fortress Strikes: Nevada Shuts Kalshi Out During March Madness
Nevada's TRO blocks Kalshi from sports, election, and entertainment contracts, completing a purge of all prediction markets from the state.
Nevada's TRO blocks Kalshi from sports, election, and entertainment contracts, completing a purge of all prediction markets from the state.
MLB's $300M Polymarket deal covers just 3.4% of the platform's volume. The other 96.6% operates offshore without integrity controls.
The Fed says valuable. The public says gambling. Users say insider trading. All three are right — about different markets.
Fox Corp's Kalshi deal excludes Fox Sports. But Fox Sports already promotes Kalshi's sports markets — the same ones Arizona just criminally…
Kalshi doubles valuation to $22B in Coatue-led round despite Arizona's first-ever criminal charges against a prediction market.
Arizona files first-ever criminal charges against Kalshi after undercover sting, creating a prosecution blueprint other state AGs can replicate.
Argentina banned Polymarket after LOTBA and the casino lobby filed a complaint. The inflation data leak was the pretext.
Polymarket's 5-minute Bitcoin markets do $60M daily. Bots earn rebates from retail fees. The EU banned the identical product.
Washington passes SB 6137 as tribes cite Kalshi by name. Prediction markets are forcing holdout states to legalize sports betting.
DraftKings and Flutter lost $50 billion combined as taxes, prediction markets, and slowing growth reshape U.S. sports betting.
Ohio and Tennessee federal judges split on whether Kalshi's sports contracts are swaps or gambling. The Sixth Circuit will decide.
Kalshi partners with XP Inc. for the first international expansion by a CFTC-regulated prediction market exchange.