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Kalshi retracts xAI partnership announcement after confirmation dispute

Deals & M&A

Kalshi retracted its announcement of a partnership with xAI after the agreement was reported as not mutually confirmed. Kalshi chief executive Tarek Mansour had posted about the proposed collaboration, but his posts were later removed. The source says it remains unclear whether the companies agreed a deal.

The retraction leaves the status of a potential commercial relationship between the prediction-market platform and xAI uncertain.

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Regulation

Robinhood and Polymarket sue Missouri over sports event contracts

Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from enforcing gambling laws against their sports event contracts. Both argue that federal commodities law gives the Commodity Futures Trading Commission exclusive jurisdiction; Missouri Attorney General Catherine Hanaway has separately filed counterclaims alleging Novig violated federal and state laws.

Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from applying gambling laws to their sports event contracts. Both companies argue that the Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction over the products, rather than state gambling regulators.

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