Kalshi

Alina Habba publicly dismissed speculation that she could replace Karoline Leavitt as White House press secretary. She stated she was not in the running for any job, though she was flattered by the consideration on the prediction market platform Kalshi. The article details her background and notes that following her post, Scott Jennings became the new betting favorite to fill the role.

Alina Habba publicly dismissed speculation that she would replace Karoline Leavitt as White House press secretary, even after being favored by bettors on Kalshi. Habba had previously announced she was leaving her tenure at the podium to spend time with her children. Following her denial, Scott Jennings became a new betting favorite for the role.

Kalshi is filing to launch perpetual futures tied to both a US stock index and copper. This move suggests an expansion of their offerings within the derivatives market.

Novig achieved over $125 million in first-week trading volume. This opening-week total surpassed several rivals, including Kalshi and Polymarket U.S. Furthermore, the platform’s volume was higher than that of Underdog and DraftKings' DKeX.

Speculation about a presidential run by Rep. Alexandria Ocasio-Cortez in 2028 is currently rising. AOC leads the field for the Democratic presidential nomination on two betting markets, Kalshi and Polymarket.

Kalshi was ordered to cease a broad range of prediction markets in Washington. To comply, Kalshi must implement initial geofencing by Aug. 19 and establish a GeoComply multi-source geofencing system by Sept. 2.

A King County judge has mandated that the exchange Kalshi stop offering sports, election, and politics wagers in the state by August 19. This legal order comes days after the CFTC had backed the company regarding its operations concerning Washington bets.

The Washington court ordered Kalshi to halt most prediction market offerings in the state. However, the court allowed Kalshi to continue offering commodities, climate, economics, and finance-related markets within the state.

Prediction market platforms Polymarket and Kalshi experienced a setback after Francesca Hong lost the Wisconsin governor’s primary to David Crowley, despite both markets giving her high probabilities of winning. In reaction to the surprise result, Polymarket deleted a boastful prediction post, while Kalshi argued that low assigned probabilities still represented an available chance. This event emphasizes that these market platforms are forecasting tools and not foolproof predictors.

A goat herding business facing higher wage costs turned to the prediction market platform Kalshi. This move utilizes Susquehanna's help to hedge and offset possible expenses related to a change in California law.

FlightAware has dropped its lawsuit against Kalshi. The legal action related to a specific market niche, which data reportedly showed never achieved successful growth.

The CFTC invoked emergency powers regarding Kalshi's trading after New York moved to bar its contracts nationwide. Following this development, Kalshi notified the agency that a market emergency had occurred.

FlightAware dropped its lawsuit against Kalshi. The flight tracker had previously claimed that Kalshi improperly utilized its data and trademark to operate prediction markets concerning flight cancellations.

The CFTC invoked emergency powers concerning Kalshi's operation in New York. This order escalates a jurisdictional fight regarding whether states may classify federally regulated event contracts as illegal gambling.

FlightAware has filed a lawsuit against Kalshi. The legal action concerns bets placed by parties regarding potential flight cancellations.

FlightAware has filed a lawsuit against Kalshi concerning alleged unauthorized data use related to flight cancellation markets. Furthermore, FlightAware is seeking a temporary restraining order to restrict Kalshi's activities involving the flight-tracking site.

Kalshi has begun aggressively referring suspected insider trading misconduct to federal authorities, citing its role in banning market manipulation and requiring public reporting of trades to the CFTC daily. The company's systems flagged suspicious activity involving former Congressman George Santos related to the State of the Union address. Furthermore, federal authorities have investigated a former White House teleprompter operator regarding advanced knowledge used in trading on Kalshi markets.

A federal judge ruled that Utah can enforce its anti-gambling laws on prediction markets such as Kalshi, rejecting the company's request to block state restrictions. The ruling affirmed that Utah's ability to regulate these platforms under state law, which bans proposition betting in sports, is not prevented by existing federal law. Although Kalshi plans to appeal, the decision represents a victory for states attempting to curb the popularity of prediction markets.

A federal judge rejected Kalshi’s request, ruling that Utah can enforce its anti-gambling laws on prediction markets like Kalshi and Polymarket. The decision addresses the ongoing conflict between states and the federal government over whether these betting platforms fall under finance regulation or state gambling law. State law in Utah already bans proposition betting, a key source of revenue for leading prediction markets.

A federal judge ruled that Utah can enforce its strict anti-gambling laws on prediction markets like Kalshi and Polymarket, rejecting a request from Kalshi to block the restrictions. The ruling allows state law banning proposition betting, which is a key revenue source for these platforms, to remain in effect despite ongoing legal battles over regulation.

Robert DeNault, Kalshi's head of enforcement and legal counsel, responded to a lawsuit from New York State, stating concerns about overreach by Attorney General Letitia James's office. He defended Kalshi's operations as open marketplaces, not a casino or sportsbook.

A federal judge in Utah ruled that federal law does not block the state from enforcing anti-gambling laws against prediction market platform Kalshi. Kalshi argued protection under the Commodity Exchange Act, but the court agreed with Utah, leading the company to plan an appeal.

The Virginia Senate race is set with Bert Mizusawa as the Republican nominee challenging Mark Warner, D-Va, and independent candidate Mark Moran. Mizusawa, a former Major General, focuses on debt and military issues, while Moran, a former reality TV contestant, runs independently after a failed Democratic bid. Warner, a veteran on the Senate Intelligence Committee, is seeking re-election.

The Virginia Senate race is set after delays, with Republican Bert Mizusawa securing the nomination to challenge Democratic Sen. Mark Warner in a three-way contest. Independent candidate Mark Moran, a former Democrat, is also running, while Mizusawa, a former military official, focuses on debt and military issues.

Kalshi has announced a partnership with Comply, a compliance technology company, to assist businesses in monitoring insider trading activities. The announcement was made to CNBC.

The author's 12-year-old son has an aggressive tumor near his heart, and Kalshi, a prediction market, is considering allowing bets on clinical trial results and regulatory decisions related to his treatment. The author, Joshua Pederson, is a professor at Boston University.

Kalshi CEO Tarek Mansour states that lawsuits against his company are part of a cycle disruptive startups face, comparing it to challenges Uber and Airbnb encountered. Multiple states, including New York, have launched legal actions against Kalshi, alleging its prediction markets constitute illegal gambling, while Kalshi claims compliance with CFTC regulations.

A New York judge denied the Commodity Futures Trading Commission's (CFTC) motion to halt its enforcement action against Kalshi. The decision maintains the ongoing case against Kalshi while permitting the CFTC to refile its request before Judge Victor Marrero.

Former Rep. George Santos agreed to pay $35,000 to settle a federal investigation into unlawful trading after betting on not attending the State of the Union address, which he missed. He did not admit to any wrongdoing.

Kalshi CEO Tarek Mansour compared a New York lawsuit against his company to potential lawsuits against Nasdaq, Uber, and Airbnb during a CNBC interview. He argued that the legal claims could similarly apply to these established platforms.

George Santos, a former Congressman, engaged in illegal bets on Kalshi's prediction market platform, leading to a $35,000 fine from the CFTC for manipulative trading. Kalshi CEO Tarek Mansour responded to Santos' accusations by highlighting his enemies, including casinos and insider traders, while investigations by regulators revealed Santos profited over $17,500 by exploiting insider knowledge about his own political actions.

Kalshi traders assessed a 29% chance of a U.S.-Iran nuclear deal before January 2027 as of early Sunday morning. The prediction market indicates limited optimism for a near-term agreement.

Online prediction markets like Kalshi and Polymarket face scrutiny from state lawmakers who argue they undermine state gambling regulations. The platforms claim to be commodity markets regulated by the CFTC, but states have initiated legal actions and legislation, leading to heated debates and lawsuits. The Trump administration has also intervened, seeking to limit state oversight.

Online prediction markets like Kalshi and Polymarket face scrutiny from state lawmakers who argue they bypass gambling regulations, particularly around sports betting. At a recent summit, legislators criticized the platforms, citing concerns over underage participation and lack of transparency, while Kalshi claimed it operates under federal commodity futures regulations.

Kalshi and Polymarket’s combined trading volume reached an all-time high in July, surpassing $50 billion. Polymarket US's volume increased by 54%, while the main Polymarket platform's volume decreased by 26% compared to June.

Nassau County Executive Bruce Blakeman criticized Governor Kathy Hochul for suing prediction market Kalshi, claiming the lawsuit cost the state billions. Blakeman alleges Hochul's legal action against Kalshi squandered potential financial opportunities for New York.

Online prediction markets Kalshi and Polymarket are facing scrutiny from state lawmakers who argue they bypass gambling regulations. Iowa Republican state Sen. Dan Dawson highlighted student use of Kalshi for illegal sports betting, leading to legal battles and calls for national regulation over state oversight.

Traders on prediction markets like Kalshi and Polymarket need more than just analyzing odds; they require speed and additional skills to gain an edge.

New York officials sued prediction market platform Kalshi, alleging it operates as an illegal, unlicensed gambling platform. The state seeks to halt Kalshi's operations, forfeit its profits, and impose fines, while Kalshi argues it is federally licensed and regulated.

George Santos, a disgraced ex-Rep., settled a probe into his State of the Union Kalshi bets by agreeing to a three-year trading ban and paying $35,000 in fines and profits, as per the Commodity Futures Trading Commission (CFTC).