16 OctRegulation
Oklahoma tribe disputes Kalshi’s partnership claim
The denial challenges Kalshi’s account of a tribal partnership.
Kalshi
Prediction markets & exchanges
Business and regulatory developments involving Kalshi. Open in the feed
Add it to your personal digest. Manage your digest
Company dossier
Licensing, commercial relationships and regulatory developments.
Licences by market
Deals and partners
- Investment from ARK Invest 2026-10-11 · entry
- Investment from DICE ETF 2026-09-11 · entry
- Partner: Catalist Sports 2026-09-08 · entry
- Partner: Wealthsimple 2026-08-28 · entry
- Partner: Alabama-Quassarte Tribal Town 2026-10-10 · entry
- Partner: Alturas Indian Rancheria 2026-10-10 · entry
- Partner: Greenville Rancheria 2026-10-10 · entry
- Partner: Kletsel Dehe Wintun Nation 2026-10-10 · entry
- Partner: Tunica-Biloxi Tribe 2026-10-10 · entry
- Partner: Genius Sports 2026-08-06 · entry
Suppliers and customers
- Supplier: Genius Sports 2026-08-06 · entry
- Supplier: GeoComply 2026-07-25 · entry
- Supplier: GeoComply 2026-08-17 · entry
- Customer: Alabama-Quassarte Tribal Town 2026-10-09 · entry
- Customer: Alturas Indian Rancheria 2026-10-09 · entry
- Customer: Greenville Rancheria 2026-10-09 · entry
- Customer: Kletsel Dehe Wintun Nation 2026-10-09 · entry
People moves
- Dillon Borgida joined 2026-07-16 · entry
Compliance record
- Appeal: MGCB · entry
- Appeal: Kalshi Connecticut court case · entry
- Appeal: Kalshi Connecticut enforcement challenge · entry
- Appeal: Kalshi federal challenge to Connecticut enforcement · entry
- Appeal: Kalshi Connecticut injunction dispute · entry
- Appeal: Kalshi tribal gaming appeal · entry
- Appeal: Kalshi appellate injunction proceedings · entry
- Appeal: Kalshi tribal preliminary-injunction case · entry
- Appeal: KalshiEX v Williams · entry
- Appeal: Kalshi–Nevada sports contracts case · entry
Relationships
Reported licences, deals, appointments and other connections. Follow the entry links for context.
Operates in
- USA 2026-09-08 · entry
- New Jersey 2026-10-11 · entry
- USA 2026-10-11 · entry
- USA 2026-09-08 · entry
- New York 2026-08-21 · entry
- Michigan 2026-07-17 · entry
- New York 2026-08-27 · entry
- USA 2026-09-14 · entry
- USA 2026-09-15 · entry
- Michigan 2026-10-13 · entry
- Connecticut 2026-08-27 · entry
- Connecticut 2026-08-27 · entry
Partnered with
- Catalist Sports 2026-09-08 · entry
- Wealthsimple 2026-08-28 · entry
- Alabama-Quassarte Tribal Town 2026-10-10 · entry
- Alturas Indian Rancheria 2026-10-10 · entry
- Greenville Rancheria 2026-10-10 · entry
- Kletsel Dehe Wintun Nation 2026-10-10 · entry
- Tunica-Biloxi Tribe 2026-10-10 · entry
- Genius Sports 2026-08-06 · entry
- Genius Sports 2026-08-06 · entry
- Genius Sports 2026-08-07 · entry
- Genius Sports 2026-08-10 · entry
- HNS 2026-09-14 · entry
Appealed
- MGCB 2026-07-17 · entry
- Kalshi Connecticut court case 2026-08-17 · entry
- Kalshi Connecticut enforcement challenge 2026-08-27 · entry
- Kalshi federal challenge to Connecticut enforcement 2026-08-27 · entry
- Kalshi Connecticut injunction dispute 2026-08-18 · entry
- Kalshi tribal gaming appeal 2026-09-25 · entry
- Kalshi appellate injunction proceedings 2026-08-13 · entry
- Kalshi tribal preliminary-injunction case 2026-09-23 · entry
- KalshiEX v Williams 2026-07-29 · entry
- Kalshi–Nevada sports contracts case 2026-08-31 · entry
- Kalshi Nevada sports contracts litigation 2026-08-31 · entry
- Kalshi Ohio appeal 2026-10-09 · entry
Supplier to
- Alabama-Quassarte Tribal Town 2026-10-09 · entry
- Alturas Indian Rancheria 2026-10-09 · entry
- Greenville Rancheria 2026-10-09 · entry
- Kletsel Dehe Wintun Nation 2026-10-09 · entry
Appointed
- Dillon Borgida 2026-07-16 · entry
Timeline
Newest first, grouped by month.
October 2026
16 OctRegulation
Analysis questions Kalshi ether-trading explanation after pricing analysis
The analysis questions Kalshi’s explanation for concentrated activity in its ether perpetual contracts.
16 OctRegulation
Taiwanese authorities restrict access to Coinbase and Kalshi websites over election betting
The access restrictions affect how prediction-market platforms can serve users in Taiwan amid enforcement over election-related betting.
16 OctRegulation
Amici urge Supreme Court to review New Jersey’s dispute with Kalshi
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
16 OctDeals & M&A
Kalshi introduces partial-payout contracts for selected NFL player statistics
The new contracts allow partial settlement rather than requiring players to reach the full statistical target.
16 OctRegulation
Nevada gaming chief challenges CFTC treatment of sports event contracts
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
16 OctRegulation
An analysis finds roughly 98% loss rate for Kalshi and Polymarket longshot contracts
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
15 OctRegulation
Nevada regulator challenges prediction markets’ innovation claims
The comments raise licensing and tribal-law questions for prediction-market operators and tribes considering agreements with them.
15 OctRegulation
Kalshi CEO warns US court rulings could push prediction markets offshore
The outcome could determine whether prediction market operators can continue serving the US market under federal or state rules.
15 OctRegulation
Nevada Gaming Control Board chair says no plan B if Supreme Court backs prediction markets
Nevada has no fallback plan if the Supreme Court sides with prediction market operators, leaving its stance uncertain.
15 OctRegulation
Underdog sues Tennessee regulators to block prediction market enforcement action
The suit contests state authority over Underdog’s prediction market and follows a ruling against Kalshi.
15 OctDeals & M&A
Kalshi and Polymarket exceed USD220m in US midterm election wagering
Investors assessing election betting growth must consider that Polymarket’s busiest 1% of wallets generated 70% of congressional trading volume.
15 OctRegulation
Kalshi files anti-harassment rule allowing penalties for abusive traders
Kalshi’s proposed rule would allow financial penalties, suspension or account deactivation for users harassing athletes or third parties over trading.
15 OctDeals & M&A
BetMGM increases iGaming revenue 6% to $483m in US
BetMGM's iGaming revenue exceeded its online sports betting revenue, giving investors a comparison of the operator's two businesses.
13 OctRegulation
Illinois federal judge limits state gambling enforcement against Kalshi
Kalshi retains preliminary protection from Illinois gambling enforcement, while wager-related fees remain subject to further briefing.
13 OctRegulation
Kalshi investigates three trades preceding US press secretary announcement
Kalshi’s investigation subjects trades preceding a public appointment to scrutiny over possible advance knowledge.
13 OctRegulation
Ohio seeks Supreme Court review of US sports prediction market jurisdiction
Ohio’s request puts disputed state and federal authority over sports prediction market operators before the Supreme Court.
13 OctDeals & M&A
Prediction markets reach $78.2bn in September as sports trading recovers
Sports trading helped prediction market operators exceed their previous monthly volume record.
13 OctDeals & M&A
Macquarie forecasts prediction market taker volume of $187bn in 2026
Kalshi’s sports contract share and DraftKings’ app download share give investors measures of prediction market competition.
13 OctEnforcement & compliance
Coinbase agrees to suspend Michigan prediction markets under MGCB deal
Coinbase must suspend Michigan prediction markets while Michigan withholds enforcement during compliance and related appeals.
13 OctRegulation
Survey finds 75% of Americans view prediction markets as gambling
The reported public view and opposition to several types of betting inform the debate over prediction market oversight.
12 OctRegulation
Kalshi, Polymarket and allies spend at least $3m amid US regulatory dispute
The lobbying seeks to influence the regulatory treatment of prediction market products in the USA.
12 OctDeals & M&A
Benzinga poll finds 17% expect prediction markets to displace DraftKings and Flutter
The poll gives investors divided expectations for DraftKings and Flutter, including adaptation, displacement and consolidation with prediction markets.
12 OctRegulation
CFTC distinguishes sportsbook wagers from exchange-traded sports contracts
The measures could affect how operators and prediction-market exchanges are regulated at federal and state level.
12 OctRegulation
Kalshi expands tribal partnerships as gaming-law disputes continue
The partnerships create commercial opportunities for tribal operators while legal disputes over sports event contracts remain unresolved.
12 OctRegulation
Kalshi cases await Supreme Court review decision over sports event contracts
Operators could face separate state disputes over sports event contracts if Supreme Court review leaves conflicting appeals decisions unresolved.
11 OctRegulation
AGA seeks US Supreme Court review over Kalshi sports contracts in New Jersey
The case could determine whether prediction markets must meet state gambling requirements when competing with licensed sportsbooks.
11 OctDeals & M&A
ARK Invest buys 126,594 Kalshi shares across three ETFs
ARK Invest’s purchase backs Kalshi’s US prediction market business through three actively managed ETFs.
10 OctRegulation
Don Davis introduces bill restricting candidates’ election contract trading in USA
The proposal would restrict election contract trading by federal candidates, specified family members and campaign committees, backed by civil penalties.
10 OctRegulation
NFL backs states and tribes in US Supreme Court prediction markets dispute
The dispute concerns whether federal commodities regulators or gambling authorities should oversee sports contracts, affecting prediction market oversight.
10 OctDeals & M&A
Four tribes partner with Kalshi on prediction market apps in the USA
The partnerships give the tribes customer-facing apps while Kalshi operates the underlying exchange and settles transactions.
9 OctRegulation
NFL urges Supreme Court review of sports event contracts
The case and lawsuit could affect how sports event contracts operate and how Florida’s gaming compact applies to DraftKings’ platform.
9 OctDeals & M&A
Kalshi partners with tribes as FanDuel shifts away from CME
Kalshi’s tribal partnerships and FanDuel’s continuing shift away from CME mark changes in their business relationships.
9 OctRegulation
State attorneys general urge Supreme Court to hear Kalshi dispute in USA
Conflicting state rulings underpin calls for Supreme Court intervention in New Jersey’s prediction-market appeal involving Kalshi.
9 OctRegulation
NFL asks Supreme Court to classify prediction markets as gambling in USA
The NFL seeks gambling classification for prediction-market apps, citing sporting integrity concerns, unclear rules and limited sports wagering oversight.
9 OctEnforcement & compliance
Norway’s gambling regulator warns 62 companies of possible website blocks
The possible blocks would restrict access to the targeted websites for users in Norway.
9 OctRegulation
NFL urges Supreme Court to hear New Jersey challenge to Kalshi
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.
9 OctRegulation
39 states file Supreme Court brief as NFL seeks prediction market clarity
Prediction market regulation faces scrutiny through 39 states’ Supreme Court filing and the NFL’s call for clarity.
9 OctDeals & M&A
Kalshi agrees prediction market partnerships with four more tribal nations
Four additional tribal agreements give tribes app ownership and customer management while Kalshi supplies exchange services.
9 OctRegulation
NFL seeks Supreme Court review of US sports prediction market oversight
The dispute concerns whether sports prediction platforms must comply with state gambling laws alongside federal financial supervision.
8 OctRegulation
NGCB initially approves removing NCPG references from Nevada gaming regulation
Nevada’s proposed regulatory amendment would remove references to the National Council on Problem Gambling.
8 OctRegulation
NFL urges Supreme Court to hear Kalshi dispute over state gambling laws
The NFL’s Supreme Court brief supports treating sports event contracts as gambling subject to state gambling laws.
8 OctEnforcement & compliance
Coinbase agrees to halt sports event contracts in Michigan
Coinbase’s withdrawal follows Michigan enforcement against sports event contracts that regulators consider unauthorised sports betting.
8 OctDeals & M&A
Four Native American tribes plan prediction market apps with Kalshi
Four tribes’ planned Kalshi apps could extend prediction markets to smaller, remote communities, according to Kalshi.
8 OctRegulation
State attorneys general seek Supreme Court review of prediction market oversight
The case could determine whether states can apply gambling laws to prediction market operators such as Kalshi and Polymarket.
8 OctRegulation
State attorneys general urge Supreme Court to hear New Jersey’s Kalshi appeal
Accepting New Jersey’s appeal would enable Supreme Court review of prediction market oversight without resolving the merits.
8 OctRegulation
Utah attorney general warns sports prediction markets breach state gambling ban
Operators offering these products in Utah face an explicit legal warning, while Kalshi contests the state's authority through its federal appeal.
7 OctRegulation
IAGR and NAGRA urge Supreme Court to hear New Jersey's Kalshi case
IAGR and NAGRA’s joint brief adds regulatory backing to New Jersey’s request for Supreme Court review.
7 OctRegulation
Kalshi and Polymarket face scrutiny over younger users and trading integrity
Reported wash trading estimates and sports betting concentration put prediction platforms’ trading integrity and younger users under scrutiny.
7 OctDeals & M&A
Hyperliquid records $317m in HIP-4 prediction market volume since May launch
Investors can compare HIP-4’s early October daily volume of roughly $1.25m with higher volumes at Kalshi and Polymarket.
6 OctRegulation
Don Davis introduces bill banning candidates from trading on their own elections
Federal candidates would face financial penalties for trading prediction market contracts on their own elections under the proposed legislation.
6 OctRegulation
Christofferson criticises betting as Utah challenges prediction markets
Utah’s effort to apply gambling prohibitions puts prediction market operators in conflict with the administration’s position on their classification.
6 OctRegulation
Kalshi secures preliminary injunction against Illinois prediction market rules
Kalshi’s injunction prevents Illinois from imposing prediction market rules while questions over proposed wagering fees and taxes remain.
5 OctRegulation
Federal judge awards Kalshi and CFTC interim relief against Illinois
The injunctions give Kalshi and the CFTC interim judicial relief against Illinois.
5 OctRegulation
Illinois federal judge finds Kalshi sports contracts likely qualify as swaps
The Illinois finding supports Kalshi’s sports contracts qualifying as swaps as Ohio regulators pursue separate enforcement against prediction markets.
5 OctRegulation
Tax Law Center urges wagering tax treatment for US sports prediction contracts
Prediction market operators could face the gambling tax treatment applied to conventional sportsbooks if authorities adopt the analysis’s interpretation.
5 OctEnforcement & compliance
Ohio pledges gambling enforcement against Kalshi after federal appeals ruling
Ohio will enforce gambling laws against Kalshi after the court rejected its federal commodities law defence.
4 OctDeals & M&A
JPMorgan initiates Genius Sports coverage with USD8 target on prediction market potential
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
4 OctDeals & M&A
Prediction markets record USD8.5bn weekend volume during NFL Week 3
Sports and combo markets generated 86% of Sunday volume, highlighting their importance to prediction market operators.
4 OctRegulation
Stock-linked prediction markets draw US scrutiny over regulatory jurisdiction
Polymarket and Kalshi face unresolved oversight questions as experts warn stock-linked contracts could affect share trading and complicate enforcement.
4 OctPeople moves
Heather Maurer leaves NCPG chief executive role on 16 October
Heather Maurer’s departure changes NCPG leadership following the organisation’s announcement of a $2m partnership with Kalshi.
1 OctRegulation
Prediction markets dominate G2E debate in Las Vegas
The dispute pits state gambling enforcement against the CFTC’s claim of exclusive jurisdiction over sports-event contracts.
1 OctRegulation
Tribal leaders and AGA coordinate opposition to US prediction markets
Tribal leaders and the AGA are coordinating against prediction markets as a California coalition prepares for possible sports betting changes.
September 2026
30 SepDeals & M&A
Polymarket attracts more US branded searches as Kalshi leads trading activity
Operators face differing competitive positions: Polymarket leads branded searches, while Kalshi leads trading volume and narrows the search gap.
28 SepRegulation
Sixth Circuit rejects Kalshi appeal over Ohio and Tennessee sports betting enforcement
Kalshi faces application of Ohio and Tennessee sports betting laws following the Sixth Circuit's ruling against it.
28 SepPeople moves
NCPG executive director Heather Maurer resigns after departures over Kalshi partnership
NCPG must replace its executive director while managing member departures linked to its Kalshi partnership.
28 SepRegulation
Sixth Circuit backs Ohio and Tennessee in sports prediction market regulation dispute
The decision supports Ohio and Tennessee’s efforts to apply state oversight to sports prediction market apps.
28 SepRegulation
Sixth Circuit allows Ohio and Tennessee to enforce gambling laws against Kalshi
Tennessee’s enforcement injunction was removed, while Ohio’s denial of similar protection leaves Kalshi subject to state gambling laws.
25 SepRegulation
Kalshi blocks prediction markets on three California tribal reservations after court ruling
Kalshi restricted prediction market access on three California tribal reservations after an appeals court found likely tribal gaming law breaches.
25 SepEnforcement & compliance
New York extends prediction markets legal battle to Polymarket
The dispute brings Polymarket into New York’s legal battle over prediction markets.
24 SepRegulation
US appeals courts split over classification of sports event contracts
Conflicting appeals court positions leave prediction market operators facing disagreement over whether sports event contracts constitute bets.
24 SepDeals & M&A
MGM takeover bid collapses as Caesars’ $17.6bn deal progresses
Investors face contrasting casino transaction outcomes as an MGM takeover collapsed while the Caesars deal progressed.
23 SepRegulation
Kalshi seeks rehearing after appeals court backs tribal injunction in California
Kalshi faces continued legal challenges after an appeals court backed tribes’ preliminary injunction and found their claims likely to succeed.
23 SepRegulation
Senator John Curtis requests investigation into Trump Jr.'s prediction market connections
Kalshi and Polymarket face a requested Senate examination of whether presidential family connections enabled financial gain or privileged access.
23 SepRegulation
Mexican Football Federation takes Kalshi to court over Liga MX branding in New York
The federation seeks court orders that would restrict how Kalshi identifies Liga MX event contracts.
23 SepRegulation
CFTC warns prediction market exchanges about manipulation risks in mention markets
Prediction market exchanges face a CFTC warning about manipulation risks involving public figures’ statements or actions.
22 SepDeals & M&A
Kalshi faces scrutiny over reported Ethereum trading volume
The disparity between Ethereum turnover and open interest raises questions for investors assessing Kalshi’s reported trading activity.
21 SepLicences & markets
Tunica-Biloxi Tribe launches SaltTrade prediction-market app using Kalshi infrastructure
The launch gives a Tribal-owned business access to Kalshi’s exchange while other Tribal governments challenge sports-event contracts in court.
18 SepRegulation
AGA urges Texas to sue prediction markets
Texas legislators heard calls for litigation against prediction markets alongside Kalshi’s warnings about offshore alternatives.
18 SepEnforcement & compliance
Missouri attorney general prepares enforcement action targeting prediction markets
Prediction market operators face demands to comply with Missouri gambling rules and pay gambling taxes, with litigation possible if they refuse.
17 SepDeals & M&A
Ohio Casino Control Commission ends NCPG ties over $2m Kalshi partnership
The Kalshi partnership prompted Ohio’s regulator to end its NCPG relationship and drew opposition from Michigan and Nevada regulators.
17 SepRegulation
Ninth Circuit backs California tribes in Kalshi and Robinhood challenge
Kalshi and Robinhood face a Ninth Circuit ruling backing key aspects of two California tribes’ challenge.
15 SepDeals & M&A
Stork launches institutional data suite under Kalshi distribution agreement
Stork’s Kalshi agreement supplies institutional trading firms with live and historical prediction-market data for research, market making and arbitrage.
15 SepDeals & M&A
CNBC reports increased prediction-market interest as football and US elections approach
CNBC linked growing interest in Polymarket and Kalshi to football’s return and the approaching November election.
15 SepRegulation
Indian Gaming Association opposes revised Clarity Act ahead of US Senate vote
The Indian Gaming Association seeks explicit safeguards against federal commodities law overriding state and tribal gaming laws.
15 SepDeals & M&A
Intelitics CEO says prediction markets increase sportsbook acquisition costs
Sportsbooks compete with prediction markets for customers and advertising placements, according to Intelitics chief executive Allan Stone.
15 SepRegulation
Ninth Circuit allows Nevada to regulate sports event contracts as gambling
The ruling subjects disputed Nevada sports event contracts to gambling rules, while DraftKings and Flutter shares gained.
14 SepRegulation
CFTC weighs gaming definition for US event contracts
Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
12 SepRegulation
ESMA warns of insider trading and manipulation risks in prediction markets
Polymarket and Kalshi’s European expansion accompanies ESMA calls for monitoring insider trading, manipulation and potential retail harm.
11 SepRegulation
ESMA examines prediction markets in September financial risk monitor
ESMA warns European operators face a different regulatory environment from the United States for prediction markets.
11 SepDeals & M&A
Coinbase selects ION platform for Kalshi event-contract clearing
Coinbase’s selected platform automates contract creation, resolution, settlement and reporting for Kalshi prediction-market products.
11 SepRegulation
Massachusetts Gaming Commission maintains NCPG ties despite Kalshi membership concerns
The Massachusetts Gaming Commission maintains its NCPG relationship despite concerns about Kalshi’s organisational membership.
11 SepRegulation
Pennsylvania lawmakers propose prediction-market oversight and 34% state tax
Pennsylvania proposals would introduce prediction-market taxation, PGCB oversight, insider-trading bans and restrictions on bets involving deaths and youth sport.
11 SepRegulation
Texas lawmakers schedule prediction markets hearing for 15 September
The Senate hearing gives Texas lawmakers an opportunity to examine prediction market oversight and youth access.
11 SepDeals & M&A
Tema launches DICE ETF with Kalshi and Polymarket exposure
DICE gives investors ETF exposure to prediction market businesses, including private holdings in Kalshi and Polymarket.
11 SepRegulation
US appeals court rejects Kalshi bid to pause Utah gambling enforcement
The ruling leaves Kalshi exposed to Utah gambling enforcement while its appeal continues.
10 SepRegulation
Massachusetts regulator retains NCPG membership following Kalshi donation
MGC retains its National Council on Problem Gambling membership while leaving commissioners scope to revisit it at renewal.
10 SepRegulation
Iowa federal judge rejects Kalshi injunction request over gambling regulation
Kalshi’s injunction rejection rests on the judge finding express federal pre-emption of Iowa law unlikely for sports event contracts.
10 SepRegulation
ESMA examines prediction markets in risk report
ESMA’s report highlights blurred boundaries between financial instruments, prediction markets and gambling, explicitly naming Polymarket and Kalshi.
10 SepRegulation
Iowa federal judge allows state to apply gambling laws to Kalshi
The ruling leaves Iowa able to apply gambling laws to Kalshi as regulators allege unauthorised sporting outcome markets.
9 SepRegulation
Illinois lawmaker proposes removing prediction market tax
The bill seeks to remove Illinois’s prediction market tax, whose application Kalshi and the CFTC challenged in court.
9 SepRegulation
New Jersey seeks US Supreme Court review of Kalshi sports contract ruling
The petition challenges a ruling favouring Kalshi over New Jersey’s authority to regulate its sports contracts as gambling.
9 SepRegulation
US state officials consider restrictions on election prediction markets
State officials are examining gambling laws as grounds to regulate or prohibit operators’ election prediction contracts.
9 SepRegulation
Iowa federal judge rejects Kalshi injunction request over gambling enforcement
Kalshi failed to secure preliminary protection against Iowa gambling enforcement targeting its sports event contracts.
9 SepRegulation
US election officials consider prediction market safeguards as election trading increases
Prediction market platforms face proposed election trading safeguards while court disputes continue over states’ gambling regulatory authority.
8 SepRegulation
Robinhood agrees to withdraw sports event contracts from Michigan pending litigation
Robinhood’s sports event contracts remain withdrawn from Michigan at least until the Sixth Circuit rules on related appeals.
8 SepRegulation
Tenth Circuit rejects Kalshi request to block Utah gambling enforcement
Kalshi remains subject to Utah gambling law enforcement while appealing its District Court defeat.
8 SepRegulation
The Times reports FCA talks on UK prediction market restrictions
Any UK legalisation could require prediction market operators to obtain gambling licences and comply with UKGC rules.
8 SepDeals & M&A
Catalist Sports agrees multi-year prediction markets partnership with Kalshi in USA
The partnership gives Kalshi exclusive official live streams and data rights for US prediction markets under a multi-year agreement.
7 SepRegulation
FCA approaches trading platforms over possible UK prediction market ban changes
Platforms would still need gambling licences for political outcome markets if the FCA relaxes its prediction market restriction.
4 SepRegulation
NFL urges prediction market operators to remove certain betting products
The NFL is seeking removal of certain betting products from prediction platforms, including Kalshi and Polymarket.
4 SepRegulation
Michigan judge orders Kalshi to block sports contracts and state access
Kalshi faces a Michigan sports contract ban and geoblocking order, alongside an adverse Ninth Circuit ruling.
4 SepRegulation
Illinois lawmaker proposes repealing sports prediction market tax
The Illinois repeal proposal would remove the sports prediction market transaction tax challenged by Kalshi and the CFTC.
4 SepRegulation
Texas attorney general stays outside state campaign against prediction markets
Texas Attorney General Ken Paxton remains outside states’ campaign against prediction markets despite his previous opposition to gambling.
4 SepDeals & M&A
DraftKings and FanDuel compete with Kalshi for US sports bettors
DraftKings and FanDuel compete with Kalshi for US sports bettors as Kalshi avoids describing its product as a bet.
4 SepDeals & M&A
Prediction markets target sportsbook customers as NFL season approaches
FanDuel and DraftKings face competition from Kalshi and Polymarket for sports betting customers as the NFL season approaches.
4 SepRegulation
New Jersey asks US Supreme Court to clarify prediction market jurisdiction
The case could determine whether operators offering sports event contracts must comply with state gambling licensing and tax requirements.
3 SepRegulation
Michigan court orders Kalshi to block access to sports contracts
The preliminary injunction requires Kalshi to restrict Michigan users’ access to sports contracts.
3 SepEnforcement & compliance
Michigan court orders Kalshi to halt sports markets in state
Kalshi must exclude Michigan residents from online sports wagering or face financial penalties while the preliminary injunction remains effective.
3 SepRegulation
Ninth Circuit rejects Kalshi exemption from state sports betting laws
The unanimous ruling subjects Kalshi’s sports markets to state sports betting laws, although Roth identified aspects potentially supporting Kalshi.
3 SepRegulation
New York challenges CFTC emergency order in Kalshi court dispute
New York’s attorney general’s office challenges the CFTC’s emergency order as promoting Kalshi’s interests in nationwide litigation.
3 SepRegulation
New Jersey petitions US Supreme Court over Kalshi sports contracts
The petition seeks Supreme Court review of the dispute over state regulation of Kalshi’s sports contracts.
3 SepEnforcement & compliance
Michigan court bars Kalshi sports contracts and sets $500,000 daily geolocation penalty
Kalshi must exclude Michigan customers and faces daily financial penalties if it fails to comply with the court's geolocation requirements.
3 SepRegulation
Missouri attorney general urges sportsbook taxes and rules for sports prediction markets
Prediction market providers face scrutiny as Missouri’s attorney general seeks sportsbook taxation and regulation for sports prediction markets.
2 SepEnforcement & compliance
Michigan attorney general secures injunction barring Kalshi sports contracts
The preliminary injunction bars Kalshi from providing sports betting contracts to people in Michigan.
2 SepRegulation
New Jersey asks US Supreme Court to resolve sports prediction jurisdiction dispute
New Jersey seeks clarity on whether federal event contract oversight blocks state gambling enforcement.
2 SepRegulation
Kalshi CEO anticipates sports prediction market rules and major league deals
Kalshi expects clarifying rules and league agreements that its chief executive believes could help navigate legal uncertainty.
2 SepEnforcement & compliance
Kalshi fines Laurie Buckhout $2,589.96 over bets on her congressional election
Kalshi’s fine and three-year ban demonstrate enforcement of rules against candidates betting on their own elections.
2 SepEnforcement & compliance
Kalshi permanently bans George Santos and imposes $71,356 fine
Kalshi’s first permanent exclusion demonstrates its enforcement response to alleged manipulation of political prediction contracts.
1 SepEnforcement & compliance
Kalshi bans George Santos for life over market manipulation
Kalshi’s lifetime ban of Santos demonstrates participant exclusion as a disciplinary response to market manipulation.
1 SepEnforcement & compliance
Kalshi permanently bans former congressman George Santos
Santos has lost access to Kalshi and his paid relationship with Polymarket.
1 SepEnforcement & compliance
Kalshi bars George Santos permanently and levies $71,356 penalty
Kalshi identified suspected trading misconduct, imposed a permanent exclusion and referred the matter to federal authorities.
1 SepEnforcement & compliance
Kalshi discloses five disciplinary cases involving political candidates and George Santos
Kalshi’s disciplinary cases address candidates buying contracts linked to themselves and alleged market manipulation.
1 SepRegulation
Ninth Circuit rules Kalshi sports contracts are bets outside federal swaps protection
The ruling classifies Kalshi’s sports contracts as bets rather than swaps protected under federal law.
1 SepEnforcement & compliance
Kalshi permanently bans George Santos and imposes $71,356 manipulation penalty
Kalshi imposed a permanent ban and financial penalty over alleged manipulation involving Santos’s trading and public attendance statements.
1 SepEnforcement & compliance
Kalshi takes enforcement action against Stephen Cloobeck over California election betting
Kalshi’s enforcement action addresses political candidates betting on their own electoral victory.
1 SepDeals & M&A
Kalshi secures exclusive US Open prediction market partnership in New York
Kalshi’s exclusive partnership bars competing prediction market advertising at US Open venues and during television coverage.
1 SepRegulation
Ninth Circuit backs Nevada's authority over Kalshi sports event contracts
The ruling backs Nevada’s action against Kalshi’s sports contracts after Kalshi failed to demonstrate likely federal pre-emption.
1 SepRegulation
Ninth Circuit upholds state gambling oversight of US prediction platforms
The ruling strengthens state regulators’ position in disputes over whether prediction platforms must comply with gambling rules.
August 2026
31 AugRegulation
Ninth Circuit backs Nevada in Kalshi prediction markets dispute
The ruling permits Nevada to apply its gaming laws to Kalshi’s operations in the state.
31 AugEnforcement & compliance
Kalshi permanently bans George Santos over suspected insider trading
Kalshi permanently barred Santos after concluding he likely profited from insider trading on wagers concerning his own attendance.
31 AugEnforcement & compliance
CFTC fines Gabriel Perez $65,000 over Kalshi speech wagers
The CFTC sanction combines a fine, profit surrender and a three-year trading ban for betting on presidential speech content.
31 AugRegulation
Ninth Circuit upholds Nevada action against Kalshi sports contracts
The Ninth Circuit upheld Nevada’s enforcement against Kalshi, rejecting federal financial regulation as protection from state gambling laws.
31 AugRegulation
Ninth Circuit rules against Kalshi as Polymarket offers Supreme Court hearing market
Conflicting appellate rulings on Kalshi could bring the dispute before the Supreme Court.
31 AugRegulation
Ninth Circuit returns Kalshi election contract question to district court
The court ruled against Kalshi’s Nevada sports contracts while leaving federal pre-emption unresolved for election contracts.
31 AugRegulation
US appeals court allows states to regulate prediction markets as gambling
Prediction market operators face state gambling regulation under the appeals ruling, which Kalshi plans to challenge through further review.
31 AugRegulation
Ninth Circuit allows Nevada to enforce gambling laws against Kalshi
Nevada can enforce gambling laws against Kalshi’s sports event contracts following rejection of its federal pre-emption argument.
29 AugRegulation
Kalshi reports no linked trading after fabricated US election polls
Kalshi’s review found no evidence that Prakash traded on races covered by the fabricated election polls he circulated.
29 AugRegulation
Ninth Circuit upholds Nevada’s authority over Kalshi sports contracts
The ruling allows Nevada regulators to act against Kalshi’s prediction market operations despite its federal commodities law argument.
28 AugRegulation
Kalshi records $5.4bn in trading by US users aged 18–21
Users aged 18–21 traded approximately $3.9bn in sports contracts and parlays as leagues sought a minimum trading age of 21.
28 AugRegulation
CSA and CIRO exclude sports and entertainment prediction contracts from supervised platforms
The guidance prevents platforms supervised by CSA and CIRO from offering sports and entertainment prediction contracts in Canada.
28 AugRegulation
Kalshi faces further state litigation in Connecticut and Montana
Kalshi faced further legal disputes in Connecticut and Montana as the sector added entrants, data partnerships and distribution agreements.
28 AugRegulation
Montana federal judge rejects Kalshi injunction and further proceedings delay
Kalshi’s injunction request was denied without prejudice, and the state must answer its complaint within 21 days.
28 AugRegulation
Gaming attorneys criticise CFTC over alleged defiance of court orders
The criticism puts the CFTC’s response to court orders under scrutiny from gaming attorneys.
27 AugEnforcement & compliance
Connecticut files enforcement lawsuit against Kalshi over sports contracts
Connecticut’s lawsuit seeks to halt Kalshi’s sports contracts and impose penalties and repayment of revenue generated in the state.
27 AugEnforcement & compliance
Connecticut seeks injunction against Kalshi’s sports event contracts
Connecticut seeks to stop Kalshi’s alleged unlicensed sports wagering, while Kalshi asserts exclusive CFTC jurisdiction and appeals an enforcement ruling.
27 AugEnforcement & compliance
Connecticut sues Kalshi to halt sports-event contracts
Connecticut seeks an immediate injunction halting Kalshi’s sports-event contracts, alleging sports betting without state authorisation.
27 AugEnforcement & compliance
Connecticut sues Kalshi to stop sports event contracts
Kalshi faces a lawsuit seeking to stop its Connecticut sports contracts while contesting state gambling authority under federal oversight.
27 AugDeals & M&A
US casinos invest in amenities to attract Gen Z visitors
US casino operators are investing in dining, concerts and other attractions to draw Gen Z visitors.
27 AugRegulation
CFTC orders Kalshi to maintain New York trading despite court order
The CFTC’s instruction leaves Kalshi facing conflicting agency and court directions over continued trading in New York.
26 AugDeals & M&A
Kalshi signs sponsorship agreements with five MLB teams
Kalshi’s sponsorships expand MLB prediction market partnerships, with four new partners playing in states that prohibit sports betting.
26 AugDeals & M&A
Kalshi secures prediction market partnerships with five MLB teams
The agreements give Kalshi advertising exposure and fan engagement opportunities across five MLB teams.
26 AugRegulation
PredictIt executive forecasts possible Supreme Court review of prediction market regulation
Potentially conflicting appeals rulings could bring the CFTC-state dispute over event contract oversight before the Supreme Court, according to Pidot.
26 AugDeals & M&A
Kalshi signs three MLB team partnerships as DraftKings targets California with Predictions advertising
Kalshi’s team partnerships and DraftKings’ Predictions advertising extend their California presence where sports betting remains illegal.
25 AugDeals & M&A
Kalshi signs prediction market agreements with Dodgers and four other MLB clubs
Kalshi’s partnerships with the Dodgers and four other MLB teams expand prediction market operators’ commercial relationships with clubs.
25 AugLicences & markets
DraftKings launches prediction market platform in California
DraftKings joins Kalshi and Polymarket in California’s prediction market sector, where traditional sports betting remains illegal.
25 AugLicences & markets
DraftKings launches in California as Kalshi recruits lobbyists
Kalshi is lobbying to maintain California platform access as DraftKings goes live in the state.
24 AugRegulation
Nevada challenges Kalshi’s state oversight argument over North Carolina tax
The dispute concerns states’ authority to oversee and tax prediction market operators’ activities.
24 AugRegulation
CFTC committee examines prediction market manipulation risks
The committee examined manipulation risks, while disputed examples highlight disagreement over which products breached standards.
24 AugRegulation
Nevada challenges Kalshi’s preemption argument over North Carolina prediction market tax
Nevada challenges whether Kalshi’s support for state taxation alongside federal oversight strengthens its preemption case.
24 AugRegulation
Nevada challenges Kalshi over North Carolina tax acceptance
Nevada uses Kalshi’s acceptance of North Carolina’s revenue tax to argue that states have authority over prediction markets.
24 AugRegulation
Nevada cites North Carolina tax to challenge Kalshi’s regulatory position
Nevada argues Kalshi’s acceptance of North Carolina’s trading revenue tax acknowledges state regulatory power and supports Nevada taxation.
21 AugRegulation
Kalshi takes sports markets offline in Washington following court order
The court-linked sports shutdown limits Kalshi’s market offering in Washington State.
21 AugRegulation
Kalshi seeks relief from state enforcement as CFTC considers prediction market rules
Operators seeking relief from state enforcement face federal appeals proceedings as the CFTC moves towards new sector rules.
21 AugRegulation
CFTC challenges nine states over prediction market oversight
Operators face competing federal and state jurisdiction claims, alongside New York’s allegations against Kalshi over gambling and tax avoidance.
21 AugRegulation
Trump backs US prediction markets as states challenge sports contracts
State regulators argue sports contracts require gambling licences, challenging platforms operating under CFTC oversight with substantial sports trading activity.
20 AugEnforcement & compliance
Kalshi bans three US congressional candidates over alleged trading on their own races
Kalshi’s bans and fines demonstrate enforcement against congressional candidates over alleged wagers involving their own candidacies.
20 AugRegulation
Lawyer says Democratic midterm win would not strengthen states against prediction markets
Federal backing for permitted operators and insufficient congressional support underpin a lawyer’s assessment that states would gain no midterm advantage.
19 AugDeals & M&A
Novig reports $128m trading volume in prediction markets debut week
Novig’s reported $128m opening-week trading volume gives investors a launch benchmark against its claimed comparison with Kalshi.
19 AugRegulation
Trump plans White House meeting with prediction market executives
The planned White House meeting connects prediction market executives with President Trump and the Commodity Futures Trading Commission chairman.
18 AugRegulation
Former Cuomo aide urges New York to tax prediction market operators
Prediction market operators face calls for New York taxation alongside litigation over states’ allegations that they operate illegal sportsbooks.
18 AugRegulation
Judge denies Kalshi emergency relief in Connecticut dispute
Connecticut can enforce its gambling laws against Kalshi following the rejection of emergency relief pending appeal.
18 AugDeals & M&A
ParlayX develops prediction market platform focused on combination bets
ParlayX’s planned prediction market platform centres on combination bets, following its original intention to concentrate on parlays.
18 AugEnforcement & compliance
NGCB seeks daily fine over Kalshi’s alleged Nevada injunction breach
Kalshi faces a requested daily fine over alleged failure to geofence certain event contracts in Nevada.
17 AugRegulation
Pennsylvania lawmakers pursue prediction market regulation through HB 2711
Operators face proposed Pennsylvania prediction market regulation that would require neither taxes nor licences while permitting sports event contracts.
17 AugEnforcement & compliance
NGCB seeks $120,000 daily fine against Kalshi over alleged Nevada noncompliance
Kalshi faces requested $120,000 daily fines over disputed compliance with a deadline to block specified bets in Nevada.
17 AugEnforcement & compliance
Nevada seeks daily fines against Kalshi over geofencing compliance
Kalshi faces potential daily fines as Nevada disputes compliance with the court-imposed geofencing deadline.
17 AugEnforcement & compliance
Washington court bars Kalshi sports contracts while allowing financial markets
Kalshi must introduce customer controls by 19 August and GeoComply screening by 2 September under Washington’s amended injunction.
17 AugRegulation
Connecticut judge rejects Kalshi’s emergency injunction request
Kalshi remains without its requested emergency injunction during appeal after the judge rejected reliance on the CFTC order.
15 AugEnforcement & compliance
Baltimore sues Kalshi and Polymarket over alleged unlawful sports betting
The cases extend municipal consumer protection challenges to the two prediction-market platforms.
14 AugRegulation
CFTC orders Kalshi to continue New York event contracts
The federal order creates competing directions for Kalshi’s New York operations.
14 AugEnforcement & compliance
Washington court orders Kalshi geofencing after gambling-law ruling
The order requires Kalshi to implement geographic access restrictions in Washington.
14 AugEnforcement & compliance
Baltimore sues Kalshi and Polymarket over alleged unlicensed sports wagering
The lawsuit challenges the operators’ sports contracts under state gambling rules.
14 AugEnforcement & compliance
Washington court orders Kalshi to stop most event contracts
Kalshi must restrict its Washington offering and strengthen geofencing while some financial contracts remain available.
14 AugEnforcement & compliance
Baltimore sues Kalshi and Polymarket over alleged misleading practices
The lawsuits apply Baltimore’s consumer protection enforcement to prediction-market platforms.
14 AugEnforcement & compliance
Baltimore sues Kalshi and Polymarket over sports wagering allegations
The lawsuit seeks penalties over alleged unlicensed wagering and consumer deception.
14 AugEnforcement & compliance
Baltimore sues Kalshi and Polymarket over sports contracts
The suits extend local challenges to the platforms’ sports contracts.
14 AugRegulation
Nevada problem gambling council ends NCPG affiliation
The Kalshi partnership has prompted the loss of a state affiliate.
13 AugRegulation
Kalshi cites CFTC emergency declaration in appellate injunction request
Kalshi is seeking appellate protection based on the regulator’s emergency action.
13 AugRegulation
Kalshi and Polymarket flag suspected insider traders
Platforms reported more suspected insider traders than the number of people facing reported CFTC action.
13 AugRegulation
NCAA disciplines two Mississippi State athletes over Kalshi bets
The findings apply NCAA betting restrictions to wagers placed through a prediction-market platform.
13 AugEnforcement & compliance
Mississippi State reports two players’ Kalshi wagering violations
The cases apply NCAA wagering restrictions to bets placed through a prediction-market platform.
13 AugRegulation
Connecticut judge rejects Kalshi request to halt enforcement
Connecticut can continue applying its gambling laws to Kalshi’s sports contracts.
13 AugRegulation
CFTC orders Kalshi to maintain New York operations
The federal directive seeks to maintain Kalshi’s operations despite the state’s lawsuit.
12 AugRegulation
New York City Council investigates prediction-market advertising
The platforms face disclosure requests concerning advertising practices and potential marketing to minors.
12 AugRegulation
FlightAware withdraws lawsuit against Kalshi
The withdrawal ends FlightAware’s reported lawsuit over Kalshi’s use of its data.
12 AugRegulation
FlightAware withdraws Kalshi lawsuit after naming language changes
The withdrawal ends the filed legal challenge over FlightAware’s role in contract verification.
12 AugRegulation
CFTC directs Kalshi to keep operating after emergency notification
The order directs continued operation while the New York dispute persists.
12 AugRegulation
Nevada problem gambling council plans NCPG split over Kalshi
The Kalshi relationship is costing NCPG support from a state affiliate.
12 AugRegulation
Nevada gambling council moves to end NCPG ties over Kalshi partnership
The disagreement threatens the Nevada council’s affiliation with the national organisation.
12 AugRegulation
Nevada gambling council ends NCPG relationship over Kalshi partnership
The split removes a state affiliate from NCPG’s network over prediction market policy.
11 AugRegulation
CFTC orders Kalshi to continue New York trading
The order creates opposing federal and state instructions for Kalshi’s New York operations.
11 AugRegulation
Nevada problem gambling council ends NCPG affiliation over Kalshi relationship
The disagreement ends the Nevada council’s affiliation with the national organisation.
11 AugRegulation
Connecticut judge rejects Kalshi injunction request and sports-market arguments
The decision rejects Kalshi’s requested protection from Connecticut’s gambling-law enforcement.
11 AugRegulation
Connecticut judge denies Kalshi preliminary injunction against gambling laws
The refusal denies Kalshi the requested temporary protection against state gambling law enforcement.
11 AugRegulation
Connecticut judge rejects Kalshi preliminary injunction request
The decision denies Kalshi the requested protection from Connecticut’s gambling-law enforcement.
11 AugRegulation
Connecticut judge denies Kalshi and Coinbase temporary relief
The decision leaves the companies without the requested temporary protection against state regulatory action.
11 AugRegulation
Connecticut court denies Kalshi preliminary injunction
The decision leaves Connecticut’s attempt to apply gambling laws unhalted by the requested injunction.
10 AugRegulation
Connecticut judge denies Kalshi and Coinbase preliminary injunctions
The decisions deny the operators the preliminary protection they sought against state gambling regulation.
10 AugRegulation
NCPG defends Kalshi membership partnership
The partnership brings a prediction market operator into NCPG’s membership structure.
10 AugDeals & M&A
Genius Sports partners with Kalshi and Polymarket
The agreements connect Genius Sports with two prediction market platforms.
10 AugRegulation
Utah wins final judgment against Kalshi sports event contracts
The judgment leaves Kalshi’s sports contracts subject to Utah gambling restrictions.
7 AugDeals & M&A
Genius chief says prediction markets accelerate Legend acquisition benefits
Genius links its Legend acquisition to customer-acquisition and data opportunities in prediction markets.
7 AugDeals & M&A
Genius Sports chief explains new prediction-market partnerships
The agreements establish Genius Sports relationships with both prediction-market operators.
6 AugRegulation
Federal judge permits Utah gambling-law enforcement against prediction markets
The ruling allows Utah to pursue state gambling-law enforcement against the platforms.
6 AugDeals & M&A
Genius Sports agrees data and integrity deals with Kalshi and Polymarket
The agreements extend Genius Sports’ data services into both prediction market exchanges.
6 AugDeals & M&A
Genius Sports agrees prediction-market partnerships with Polymarket and Kalshi
The agreements add two prediction-market partners for Genius Sports.
6 AugDeals & M&A
Kalshi partners with Comply on employee-trading monitoring
The planned integration will let financial firms monitor employee Kalshi activity alongside other financial-product trades.
5 AugRegulation
Utah judge allows gambling-law enforcement against Kalshi
The ruling permits Utah gambling-law enforcement while Kalshi prepares an appeal.
5 AugEnforcement & compliance
Utah judge permits gambling-law enforcement against Kalshi
The ruling leaves Kalshi subject to Utah gambling-law enforcement.
5 AugEnforcement & compliance
Utah judge rejects Kalshi’s federal pre-emption argument
Utah retains authority to apply its gambling laws to Kalshi.
5 AugRegulation
Utah judge denies Kalshi request to halt enforcement
Utah can continue enforcement despite Kalshi’s federal pre-emption argument.
5 AugRegulation
Utah court rejects Kalshi federal pre-emption claim
The judgment allows Utah to apply its gambling laws to Kalshi.
5 AugDeals & M&A
Connecticut primary contracts attract more than $100,000
The activity extends prediction market trading into state primary contests.
5 AugRegulation
Utah wins judgment applying gambling ban to Kalshi sports contracts
The judgment subjects Kalshi’s sports contracts to Utah’s gambling prohibition.
5 AugRegulation
MGCB cuts NCPG ties over Kalshi involvement
Kalshi’s involvement has cost the organisation support from the Michigan regulator.
5 AugRegulation
Pennsylvania bill proposes prediction-market rules and daily penalties
The proposal would establish state requirements and substantial potential penalties for prediction-market operators.
4 AugRegulation
Utah judge denies Kalshi injunction against gambling enforcement
The ruling permits Utah to enforce its gambling laws against Kalshi.
4 AugRegulation
Kalshi seeks federal order against Iowa sports-contract enforcement
The request seeks to prevent Iowa gambling-law enforcement against Kalshi’s sports contracts.
4 AugEnforcement & compliance
CFTC sanctions George Santos over Kalshi market manipulation
The action addresses manipulation of a contract linked to Santos’s own conduct.
4 AugEnforcement & compliance
George Santos agrees $35,000 CFTC settlement over Kalshi trade
The settlement resolves an investigation into an alleged event-contract trade involving Santos’ own attendance.
4 AugEnforcement & compliance
New York seeks at least $36bn from Kalshi
The lawsuit seeks substantial financial penalties for alleged unlicensed sports betting.
4 AugDeals & M&A
Kalshi and Polymarket reach $50.59bn in July trading
World Cup activity lifted combined trading volume before the subsequent slowdown.
3 AugEnforcement & compliance
New York sues Kalshi over alleged unlicensed gambling
The lawsuit challenges Kalshi’s ability to offer event contracts in New York.
3 AugEnforcement & compliance
CFTC fines George Santos roughly $35,000 for prediction market manipulation
The penalty addresses misleading public statements linked to event contract trading.
3 AugEnforcement & compliance
George Santos settles CFTC manipulation case for $35,000
The agreement resolves the regulator’s market manipulation investigation.
3 AugEnforcement & compliance
New York brings $36bn gambling-law action against Kalshi
Kalshi faces a state legal challenge over whether its prediction market complies with gambling law.
2 AugDeals & M&A
Kalshi and Polymarket record $44.8bn in June notional volume
The report quantifies notional trading activity across the platforms as sports events drive demand.
July 2026
31 JulEnforcement & compliance
New York seeks $36bn from Kalshi in court action
The court action seeks substantial damages while leagues press for trading age standards.
31 JulEnforcement & compliance
New York launches lawsuit against Kalshi
The lawsuit adds to the legal uncertainty facing Kalshi’s prediction-market operations.
31 JulEnforcement & compliance
New York attorney general sues Kalshi over alleged unauthorised gambling
The lawsuit challenges Kalshi’s authority to operate in New York.
31 JulEnforcement & compliance
New York attorney general sues Kalshi over gambling allegations
The lawsuit challenges Kalshi’s event-contract operations under New York gambling rules.
31 JulEnforcement & compliance
New York sues Kalshi over alleged unlicensed gambling
The lawsuit challenges Kalshi’s authority to offer event contracts in New York.
31 JulEnforcement & compliance
New York seeks $36bn damages and restrictions against Kalshi
The lawsuit seeks damages and an order restricting Kalshi’s operations.
31 JulEnforcement & compliance
New York sues Kalshi over alleged unlicensed gambling
The lawsuit seeks to stop Kalshi’s New York operations and recover money for consumers.
31 JulEnforcement & compliance
New York attorney general sues Kalshi over alleged missing gambling permit
The lawsuit contests Kalshi’s legal authority to offer its products in New York.
31 JulEnforcement & compliance
New York challenges Kalshi event contracts in state court
The lawsuit challenges Kalshi’s authority to offer event contracts under New York law.
30 JulRegulation
Sixth Circuit hears Kalshi arguments involving Ohio and Tennessee
The hearing leaves Kalshi’s disputed access in Ohio and Tennessee unresolved.
30 JulRegulation
Second Circuit denies Kalshi emergency injunction against New York enforcement
The decision leaves New York enforcement unhalted by the emergency injunction Kalshi requested.
30 JulEnforcement & compliance
US appeals judge denies Kalshi injunction against New York action
The denied injunction leaves New York able to pursue enforcement while Kalshi’s lawsuit continues.
29 JulRegulation
Minnesota injunction blocks implementation of prediction-market ban
Minnesota cannot implement its prediction-market ban while the preliminary injunction applies.
29 JulRegulation
Minnesota judge blocks enforcement of new prediction-market law
The injunction limits immediate enforcement while leaving questions over sports contracts unresolved.
29 JulRegulation
Fanatics responsible gambling head criticises Kalshi and Polymarket
The comments raise concerns about prediction markets in a responsible gambling discussion.
29 JulRegulation
Minnesota judge temporarily blocks prediction market ban
The injunction pauses enforcement of the challenged prediction market prohibition.
29 JulRegulation
New York federal judge rejects Kalshi injunction request
The decision leaves Kalshi challenging New York’s gambling-law authority on appeal.
28 JulRegulation
Judge pauses Minnesota prediction market ban
The injunction temporarily prevents enforcement of Minnesota’s prediction market prohibition.
28 JulRegulation
Federal judge blocks Minnesota prediction-market ban
The ruling prevents the proposed state restriction from proceeding against prediction-market operators.
28 JulRegulation
Pennsylvania lawmakers examine prediction market framework
The bill would create state oversight while allowing sports event contracts.
28 JulDeals & M&A
Kalshi and Polymarket expand sports and entertainment contracts
A broader range of contracts extends the platforms’ trading activity beyond elections.
28 JulEnforcement & compliance
Kalshi agrees to shut Nevada operations
The agreement requires Kalshi to end Nevada activity following problems implementing the court order.
27 JulRegulation
Kalshi agrees Nevada geofencing under threat of daily penalty
Kalshi must implement geofencing to avoid the daily penalty.
27 JulEnforcement & compliance
Kalshi agrees Nevada geofencing restrictions
The agreement requires Kalshi to restrict Nevada access to its sports contracts.
27 JulEnforcement & compliance
Kalshi agrees third-party Nevada location checks
The geofencing agreement addresses alleged noncompliance with Nevada’s court restrictions.
27 JulEnforcement & compliance
NGCB sets deadline for Kalshi Nevada shutdown
The agreement imposes a deadline and financial consequences for incomplete Nevada blocking.
27 JulEnforcement & compliance
Kalshi agrees Nevada withdrawal deadline with NGCB
Kalshi faces daily penalties if it misses the agreed Nevada withdrawal deadline.
27 JulRegulation
Tarik Khan proposes Pennsylvania prediction-market framework
The bill offers a state regulatory route for prediction-market platforms.
27 JulEnforcement & compliance
Kalshi agrees Nevada event-contract restrictions
The agreement restricts Kalshi’s Nevada offering and creates potential daily financial consequences.
26 JulEnforcement & compliance
Kalshi agrees to stop Nevada wagering by 12 August
Kalshi faces daily penalties if it misses the agreed deadline to stop Nevada wagering.
25 JulEnforcement & compliance
Kalshi agrees third-party geofencing for Nevada
The agreement requires Kalshi to strengthen Nevada access restrictions through an external location provider.
24 JulRegulation
Kalshi seeks emergency injunction against New York gambling enforcement
The request seeks to extend Kalshi’s protection beyond the state’s temporary enforcement pause.
24 JulRegulation
Nevada lawmakers propose federal restrictions on sports event contracts
The proposal would prevent registered exchanges from offering the specified gambling contracts.
24 JulRegulation
Macquarie forecasts prediction market volume of $1.5trn by 2030
The forecasts set out analysts’ expectations for prediction market transaction volumes.
23 JulRegulation
Crypto.com’s OG sues Washington to prevent enforcement
The lawsuit seeks protection for OG against prospective Washington enforcement.
23 JulDeals & M&A
Kalshi launches US midterm election forecasting hub
The hub expands Kalshi’s election information offering beyond trade execution.
22 JulEnforcement & compliance
Washington judge grants preliminary injunction against Kalshi
The preliminary injunction constrains Kalshi while the Washington case continues.
22 JulDeals & M&A
Flutter shares decline amid prediction-market competition concerns
The report presents competing assessments of prediction markets’ impact on Flutter’s sportsbook activity.
22 JulRegulation
Wisconsin warns election contract traders about voting-related felony exposure
The warning links election contract trading to potential voting restrictions and criminal charges.
21 JulEnforcement & compliance
Washington court grants preliminary order against Kalshi sports contracts
The preliminary injunction limits Kalshi’s sports event-contract activity in Washington.
21 JulEnforcement & compliance
Polymarket and Kalshi restrict Ireland following GRAI warning
The restrictions limit Irish users’ access following the regulator’s warning of court action.
21 JulDeals & M&A
Kalshi and Polymarket attract World Cup trading activity
The tournament brought additional users and trading volume to the prediction platforms.
21 JulRegulation
Washington judge grants preliminary injunction against Kalshi
The ruling supports state enforcement while the court determines the injunction’s detailed restrictions.
21 JulEnforcement & compliance
Washington judge grants preliminary injunction against Kalshi
The preliminary ruling allows Washington’s gambling-law case against Kalshi to advance.
21 JulDeals & M&A
Kalshi introduces pharmaceutical trial and approval contracts
The new category extends Kalshi’s event contracts into pharmaceutical research outcomes.
20 JulDeals & M&A
Prediction markets take reported 27% share of World Cup activity
The reported share points to prediction markets competing with sportsbooks for World Cup activity.
20 JulDeals & M&A
Kalshi says World Cup attracted three million new users
The company attributes a substantial increase in users and trading to World Cup activity.
20 JulRegulation
Josh Gottheimer proposes facial recognition checks for online betting
The proposed measure would require new age-verification technology for sportsbooks and prediction markets.
17 JulDeals & M&A
Kalshi launches drug trial and regulatory decision contracts
The products extend Kalshi’s event contracts into biotechnology and medicine regulation.
17 JulEnforcement & compliance
Trump places teleprompter operator on leave over alleged Kalshi betting
The allegations concern potential access to advance information in speech-based prediction contracts.
17 JulRegulation
CFTC directs Kalshi to maintain Michigan sports contracts
Conflicting state and federal directions leave Kalshi facing competing obligations in Michigan.
17 JulEnforcement & compliance
CFTC investigates teleprompter operator’s alleged Kalshi trading
The investigation examines alleged misuse of non-public information in speech-related event contracts.
16 JulEnforcement & compliance
CFTC investigates presidential aide’s Kalshi speech trading
The investigation concerns a presidential aide’s trading on speech-related contracts.
16 JulPeople moves
Kalshi appoints former Underdog executive Dillon Borgida
Kalshi adds an executive with experience at Underdog.
16 JulRegulation
Josh Gottheimer proposes facial age checks for betting and prediction markets
The proposal would add facial age verification requirements for sportsbooks and prediction market platforms.
June 2026
18 JunRegulation
European regulators coordinate action against prediction markets
The coordinated action concerns access to prediction market platforms.
May 2026
26 MayEnforcement & compliance
DGOJ opens proceedings against Polymarket and Kalshi
Both companies face disciplinary proceedings over alleged unlicensed gambling activity in Spain.
26 MayEnforcement & compliance
DGOJ temporarily blocks Polymarket and Kalshi over unauthorised activity
The two prediction market platforms face a temporary block and regulatory investigation.
Connected to
Relationships extracted from our entries: partners, suppliers, investors, licensing and markets.
Appointment
Dillon Borgida
Investor
ARK Invest, DICE ETF
Licensed by
Operates in
California, Connecticut, Illinois, Iowa, Ireland, Michigan, Missouri, Montana, Nevada, New Jersey, New York, North Carolina
Partner
Alabama-Quassarte Tribal Town, Alturas Indian Rancheria, Atlanta Braves, Boston Red Sox, Catalist Sports, Comply, Genius Sports, Greenville Rancheria, HNS, IC360, Kletsel Dehe Wintun Nation, Los Angeles Dodgers
Supplier
Supplies
Alabama-Quassarte Tribal Town, Alturas Indian Rancheria, Greenville Rancheria, Kletsel Dehe Wintun Nation
Timeline
Key developments by month.
- Oct 2026
- Regulation Oklahoma tribe disputes Kalshi’s partnership claim
- Regulation Analysis questions Kalshi ether-trading explanation after pricing analysis
- Regulation Taiwanese authorities restrict access to Coinbase and Kalshi websites over election betting
- Regulation Amici urge Supreme Court to review New Jersey’s dispute with Kalshi
- Deals & M&A Kalshi introduces partial-payout contracts for selected NFL player statistics
- Regulation Nevada gaming chief challenges CFTC treatment of sports event contracts
- Sep 2026
- Deals & M&A Polymarket attracts more US branded searches as Kalshi leads trading activity
- Regulation Sixth Circuit rejects Kalshi appeal over Ohio and Tennessee sports betting enforcement
- People moves NCPG executive director Heather Maurer resigns after departures over Kalshi partnership
- Regulation Sixth Circuit backs Ohio and Tennessee in sports prediction market regulation dispute
- Regulation Sixth Circuit allows Ohio and Tennessee to enforce gambling laws against Kalshi
- Regulation Kalshi blocks prediction markets on three California tribal reservations after court ruling
- Aug 2026
- Regulation Ninth Circuit backs Nevada in Kalshi prediction markets dispute
- Enforcement & compliance Kalshi permanently bans George Santos over suspected insider trading
- Enforcement & compliance CFTC fines Gabriel Perez $65,000 over Kalshi speech wagers
- Regulation Ninth Circuit upholds Nevada action against Kalshi sports contracts
- Regulation Ninth Circuit rules against Kalshi as Polymarket offers Supreme Court hearing market
- Regulation Ninth Circuit returns Kalshi election contract question to district court
- Jul 2026
- Enforcement & compliance New York seeks $36bn from Kalshi in court action
- Enforcement & compliance New York launches lawsuit against Kalshi
- Enforcement & compliance New York attorney general sues Kalshi over alleged unauthorised gambling
- Enforcement & compliance New York attorney general sues Kalshi over gambling allegations
- Enforcement & compliance New York sues Kalshi over alleged unlicensed gambling
- Enforcement & compliance New York seeks $36bn damages and restrictions against Kalshi
- Jun 2026
- May 2026
- Enforcement & compliance DGOJ opens proceedings against Polymarket and Kalshi
- Enforcement & compliance DGOJ temporarily blocks Polymarket and Kalshi over unauthorised activity
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