Kalshi is a topic tracked in our intelligence system with 6 linked articles.
Utah's attorney general has sued Kalshi and its Susquehanna-affiliated market-making firms, seeking to claw back alleged gambling profits and enjoin Kalshi's sports, politics, and culture event contracts.
Crypto.com and prediction-market operator Novig have sued Missouri over cease-and-desist orders targeting their sports event contracts, while fellow targets Kalshi, Polymarket, Robinhood, and Underdog have not (yet) filed suits, per court records.
Kalshi's CEO is publicly defending prediction markets against mounting insider-trading concerns, arguing that the platforms' transparent market structure actually makes it easier to detect bad actors than traditional markets.
Kalshi has reportedly raised $1.12 billion via a private equity offering since April, and is considering another $750 million at a $40 billion valuation per the latest SEC filing.
Hyperliquid Policy Center calls for SEC/CFTC rule harmonization on perpetual contracts, citing substantial on-platform scale (HIP-3) and multi-trillion-dollar notional volumes, amid growing regulatory and political attention.
Gemini and Apex sign a non-binding LOI to distribute crypto prediction markets with Gemini Titan acting as the exclusive regulated venue for crypto event contracts distributed through Apex’s FCM to its brokerage clients, though terms are not finalized.
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