Kalshi Market Updates: News, Deals, and Regulatory Insights
AI-GENERATEDOklahoma Gambling Loophole: Betting Despite Bans Through Prediction Apps
Millions of dollars are flowing into illegal sports betting in Oklahoma as apps like Kalshi and Polymarket exploit legal gray areas as prediction markets.
AI-GENERATEDIllinois Lawmaker Moves to Repeal Prediction Market Tax Following Legal Challenges
A new legislative proposal in Illinois aims to eliminate the 1.75% to 3.5% tax on prediction markets just months after its implementation.
AI-GENERATEDUS Open Under Fire: Jessica Pegula Slams Betting Sponsorship Double Standard
Tennis star Jessica Pegula calls out the US Open's partnership with Kalshi, highlighting that gamblers were responsible for 42% of online abuse against players in 2025.
AI-GENERATEDKalshi CEO Announces New Rules and NBA Deal Amid Prediction Market Legal Battles
Tarek Mansour aims to stabilize Kalshi via upcoming CFTC rule changes and league partnerships, despite facing massive fines in New York.
AI-GENERATEDCourt Ruling in Arizona: Tough Times for Unlicensed Prediction Markets
A federal appeals court supports Attorney General Kris Mayes in the fight against Kalshi. Arizona is now moving forward with 20 criminal counts.
AI-GENERATEDMinors Trade Billions: US Prediction Markets Under Fire Over Underage Usage
A CNN analysis reveals that users under 18 are driving $5.4 billion in trades on Kalshi, with $3.9 billion linked to sports events.
AI-GENERATEDPolymarket Hits $1 Billion Revenue Milestone Amid Fierce US Legal Battles
Prediction market Polymarket has reached a $1 billion revenue run rate as 20 U.S. states initiate legal action, labeling the platform as illegal gambling.
AI-GENERATEDInsider Trading Allegations: Kalshi Bans Ex-Congressman George Santos for Life
Prediction market Kalshi has permanently banned George Santos for insider trading. He allegedly made a $17,839 profit betting against his own attendance at a major event.
AI-GENERATEDPrediction Market Kalshi Opens Betting Services to Young Adults
Kalshi expands its reach by allowing young adults to participate in event-based betting, broadening its user base in 2026.
AI-GENERATEDMLB Sponsorship Surge: Seven Teams Partner with Prediction Markets Like Kalshi
Major League Baseball franchises including the Dodgers and Red Sox sign eight-figure deals with Kalshi, despite increasing federal scrutiny.
AI-GENERATEDStop Abusive Push Notifications: Privacy Advocates Urge FTC to Regulate Gambling Apps
A coalition including EPIC is calling for strict FTC rules against manipulative notifications in wagering apps. In December 2025, trading on prediction markets reached $12 billion.
AI-GENERATEDPrediction Market Insider Trading: US Authorities Expand Major Investigations
US federal prosecutors and the CFTC are investigating new insider trading cases on platforms like Polymarket, involving soldiers and analysts with profits exceeding $1 million.
AI-GENERATEDDraftKings Enters Crypto Prediction Markets: 5-Minute Contracts for Bitcoin and Ethereum
DraftKings expands its platform with ultra-short-term crypto prediction markets. Trading volume for 15-minute Bitcoin contracts at Kalshi soared to $4 billion in July.
AI-GENERATEDConnecticut Sues Kalshi: Major Crackdown on Prediction Markets
Connecticut regulators are seeking to halt Kalshi's operations and recover all state-generated revenue since January 2025 due to unlicensed gambling.
AI-GENERATEDDonald Trump Jr. and White House Intervene in Prediction Market Regulation Fight
Political heavyweight Donald Trump Jr. received $300,000 in Kalshi shares and is actively lobbying against state gambling monopolies to protect prediction markets.