Kalshi
Robinhood, Kalshi and Crypto.com Face Prediction Markets Crackdown as State Regulators Call it Illegal Gambling
- This time, Connecticut has taken issue with the event-based contracts, becoming the tenth state to file a complaint against Kalshi.
- Crypto.com, however, appears undeterred by regulatory concerns and is launching another partnership in this area.
Thursday, 04/12/2025 | 07:14 GMT by
Damian Chmiel
From Trading Floors to TV Screens: Kalshi Odds Head to CNN
- Prediction markets like Kalshi appeal to media as quantitative inputs complementing polls and reporting.
- The prediction platform nearly doubled its valuation to $11 billion in two months amid the rising popularity of prediction markets.
Wednesday, 03/12/2025 | 13:44 GMT by
Jared Kirui
Kalshi Valued at $11B in New Funding Round, More Than Double Two Months Ago
- An earlier round provided $300 million at a $5 billion valuation as prediction markets soar.
- The company is racing against rivals such as Polymarket, which has been seeking funding at a valuation of between $12 billion and $15 billion.
Tuesday, 02/12/2025 | 20:28 GMT by
Jared Kirui
Robinhood, Kalshi, Crypto.com Scramble as Court Rules Prediction Markets Are Gambling
- Nevada decision strips federal protections, exposing platforms to state gaming enforcement.
- Ruling treats sports-event contracts as gambling, upending regulatory strategy.
Wednesday, 26/11/2025 | 07:57 GMT by
Damian Chmiel
How Sneakers and Other Hype Items Sneak Into Prediction Markets in the StockX–Kalshi Deal
- StockX and Kalshi add hype-driven event contracts to a booming $7.4B prediction-markets ecosystem.
- Prediction markets could reach $95.5B by 2035 as major financial players pile in.
Thursday, 20/11/2025 | 12:25 GMT by
Tanya Chepkova
Is Coinbase Building A Secret Prediction Markets Site With Kalshi?
- Tech researcher Jane Manchun Wong uncovers an unreleased prediction markets website as the company chases a “everything exchange” vision.
- Screenshots reveal a USDC-based platform offering markets on economics, sports, politics, and technology.
Wednesday, 19/11/2025 | 07:29 GMT by
Damian Chmiel
Retail Traders Flock to Prediction Platforms: Kalshi Hits $4.4 Billion Volume in October
- Polymarket and Kalshi together hit $7.4 billion in trading in October, driven largely by sports contracts.
- US tax changes and token speculation boost trading, while Romania blocks Polymarket over unlicensed gambling.
Thursday, 06/11/2025 | 10:52 GMT by
Tareq Sikder
Prediction Markets Platform Kalshi Sues New York Hours After Shutdown Threat
- The event contracts provider argues federal regulators hold sole authority over its operations.
- The cease-and-desist letter threatens fines for what the state calls unlicensed sports wagering.
Tuesday, 28/10/2025 | 06:43 GMT by
Damian Chmiel
Polymarket Eyes Funding Up to 15 Billion, Kalshi Also Draws Investor Interest
- Intercontinental Exchange said it would invest up to $2B in Polymarket, valuing the company at about $8B.
- Kalshi is also attracting funding offers that could value it at over $10B.
Thursday, 23/10/2025 | 13:20 GMT by
Tareq Sikder
Kalshi Secures $300M; Plans Crypto Integration with Exchanges and Retail Brokers
- With this funding, the firm’s valuation hits $5B, expanding prediction market to 140 countries.
- The company has partnerships with Solana, Base, and Robinhood for global and blockchain expansion.
Friday, 10/10/2025 | 20:04 GMT by
Tareq Sikder
Why Kalshi's John Wang Calls Prediction Markets the "Trojan Horse" for Crypto
- The platform ambitiously aims to embed its services into leading cryptocurrency applications by late 2026.
- The company's new Head of Crypto describes prediction markets as an accessible alternative to complex derivatives trading.
Tuesday, 07/10/2025 | 08:18 GMT by
Damian Chmiel
Kalshi Captures 60% Share, Ending Polymarket's Prediction Market Dominance
- The platform outpaces rival crypto-based Polymarket despite the competitor's U.S. expansion push.
- The higher turnover rates suggest different trading behaviors between the two platforms.
Tuesday, 23/09/2025 | 07:04 GMT by
Damian Chmiel
Gambling-Accused Kalshi Partners with Poker Legend Daniel Negreanu, Unlikely to Quell Controversy
- The renowned professional teams with the event contracts platform amid regulatory scrutiny.
- Negreanu to stake fan into WSOP event as part of new collaboration.
Wednesday, 17/09/2025 | 06:40 GMT by
Damian Chmiel
Robinhood Fights Back Against Massachusetts Sports Prediction Market Crackdown Over $1 Billion Business
- The US fintech is seeking federal protection as a state regulator raises objections to its partnership with Kalshi.
- The retail trading company argues that the state lacks authority over federally regulated prediction contracts.
Tuesday, 16/09/2025 | 07:29 GMT by
Damian Chmiel
Kalshi Hires 23-Year-Old Crypto Influencer to Lead Digital Asset Expansion
- The event contracts provider taps John Wang as head of crypto amid Trump administration's supportive stance.
- In the meantime, the company, along with Robinhood, was again sued over event contracts resembling sports betting.
Tuesday, 26/08/2025 | 06:34 GMT by
Damian Chmiel
Robinhood and Kalshi (Again) Sued Over Event Contracts Resembling Sports Betting
- The Wisconsin tribe claims the prediction market platform violates federal gaming laws and tribal sovereignty.
- Event contracts are drawing criticism from both the financial industry and the gambling sector.
Thursday, 21/08/2025 | 07:33 GMT by
Damian Chmiel
Webull’s New Feature With Prediction Market Exchange Kalshi Lets Traders Bet on Bitcoin Hourly Moves
- Users can reportedly access Kalshi’s over/under-style contracts directly through the Webull platform.
- Webull is among the full-service broker-dealers that offer regulated prediction market products to retail clients.
Tuesday, 10/06/2025 | 14:04 GMT by
Jared Kirui
Crypto.com Exchange Takes Nevada to Court Over Event Contracts and Sports Betting Ban
- The exchange claims the state lacks the authority to block its federally regulated sports event contracts.
- The case represents the latest escalation in a broader conflict between state gaming authorities and CFTC-regulated prediction markets.
Thursday, 05/06/2025 | 07:10 GMT by
Damian Chmiel
CFTC Folds Its Hand in Election Betting Showdown with Kalshi
- The CFTC has dropped its appeal against Kalshi, allowing the platform to continue offering election betting contracts.
- This decision follows a lower court ruling that limited the CFTC's authority to ban such contracts on public interest grounds.
Tuesday, 06/05/2025 | 07:39 GMT by
Damian Chmiel
Still Investing or Already Binary Options Gambling? Event Contracts Are Set to Become a “Trillion Dollar Asset Class”
- Prediction markets boomed in 2025 as retail trading giant Robinhood added them to its platform.
- Although the CFTC approved their issuance a few years ago, the agency is now questioning whether it made the right decision.
Tuesday, 29/04/2025 | 13:41 GMT by
Damian Chmiel
Robinhood Added Event Contracts, Their Creator Heads to Court Against Nevada Regulators
- Kalshi is suing Nevada gaming regulators to continue offering binary event-based contracts.
- The lawsuit challenges state authority over federally regulated betting activities.
- Earlier, the CFTC had questioned the compliance of sports-based contracts offered by Crypto.com and Robinhood with regulations.
Monday, 31/03/2025 | 08:05 GMT by
Damian Chmiel
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}