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Industry
August 5, 2025
Rep. Titus Urges CFTC Probe Into Trump Nominee Quintenz Over Kalshi Ties
US Representative Dina Titus has called on the Commodity Futures Trading Commission (CFTC) to investigate nomenee Brian Quintenz due to his connections with Kalshi. Quintenz, who is supposed to replace the current CFTC Chair Caroline Pham, is President Donald Trump’s nominee to lead the agency. Rep. Titus Asks CFCT to Show Quintenz Communications Titus requested […]
Legal
August 4, 2025
Maryland Judge Denies Kalshi’s Motion for Preliminary Injunction
US District Judge Adam Abelson of Maryland rejected Kalshi’s request for a preliminary injunction against the state’s sports betting regulators in a ruling issued on Friday. Kalshi Denied Injunction in Maryland Sports Betting Case After the Maryland Lottery and Gaming Commission (MLGC) issued a formal cease-and-desist letter to Kalshi in April, the operator’s attempt to […]
Casino
July 29, 2025
Musk’s xAI Teams with Kalshi to Power Prediction Markets
Elon Musk, the wealthiest man on the planet, with an estimated net worth of $424.7 billion, has found a new favorite hobby following his departure from the Department of Government Efficiency amid his feud with President Donald Trump. The magnate best known as Tesla, SpaceX, and X boss is ready to cross yet another frontier […]
Legal
July 23, 2025
California Tribes Strike Against Kalshi and Robinhood
Three Native American tribes in California have joined forces against the rapidly growing prediction markets sector, launching a lawsuit against two of the most prominent operators of such products. The Tribes Are Unhappy with Kalshi and Robinhood’s Presence The Blue Lake Rancheria, the Chicken Ranch Rancheria of Me-Wuk Indians, and the Picayune Rancheria of […]
Sports
July 21, 2025
Kalshi Says Betting Marketing Doesn’t Mean the Company Offers Gambling
Kalshi has been adamant about where it stands on sports gambling and betting in general – the platform is not it if you are looking for a gambling company. However, if you want to place a bet on the outcome of an event, Kalshi is the right place to be. Fundamental Difference in What Kalshi […]
Legal
July 10, 2025
Tribal Groups Use Supreme Court Ruling to Expand Legal Fight Against Kalshi
The legal battle over Kalshi, a fast-growing prediction market platform, has heated up as tribal groups point to a recent US Supreme Court decision to strengthen their case. Tribes Say SCOTUS Ruling Exposes Gaps in CFTC Oversight In a July 1 filing, over 65 tribes and tribal organizations argued that the Supreme Court’s June 27 […]
Sports
June 27, 2025
Prediction Market Kalshi’s Value Hits $2B After Major Funding Round
Kalshi, a prediction market platform based in New York, has pulled in $185 million in a fresh Series C funding round, pushing its worth up to $2 billion. This cash injection stands as a big step for the company as it aims to become a key player in the world of financial and event betting. […]
Sports
June 25, 2025
Tribes Challenge Kalshi’s Sports Betting in Maryland Case
A coalition of 27 federally recognized tribes, along with seven tribal associations, has entered the legal battle between prediction exchange platform Kalshi and the state of Maryland by submitting an amicus brief. Kalshi’s Contracts Allegedly Threaten Tribal Gaming Operations They argue that Kalshi’s sports event contracts effectively operate as illegal sports wagers, a position mirroring […]
Industry
June 24, 2025
Tribes Back Maryland’s Regulator in Its Legal Battle with Kalshi
A growing number of tribes is taking a stance in the legal battle surrounding Kalshi’s sports event contract offerings, this time in Maryland’s federal court. Several national and regional tribal organizations, representing twenty-seven federally recognized tribes, have filed an amicus brief opposing Kalshi’s court plea for a preliminary injunction against the Maryland Lottery and Gaming […]
Industry
June 24, 2025
Tribal Leaders Push Back Hard Against Kalshi
US tribal leaders remain strongly opposed to Kalshi’s sports prediction markets, refuting the platform’s assertions that it maintains constructive dialogue with tribal nations. They decried Kalshi’s attempts at communication as dismissive and disingenuous, remaining adamant that Kalshi’s offerings represent illegal gaming that threatens regulated operators and erodes tribal gaming rights. The Rift Between Kalshi and […]
