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She Turned Celebrity Gossip Into a $22 Billion Company — Here's How Kalshi's Co-Founder Did It
At 29, Luana Lopes Lara is the youngest self-made female billionaire in the world. Her road to riches started with celebrity gossip.
Kalshi wants to know where you work
The prediction market has added several new guardrails to weed out insider trading and bad actors.
Kalshi wants small businesses to hedge like Wall Street. A NYC bar is trying it with Knicks promotion
A local bar on the Upper East Side is the first small business to hedge with Kalshi over a Knicks game on Wednesday.
Why Kalshi Wants Businesses To Bet on the Knicks, Too
A Manhattan bar is using Kalshi as an insurance policy for a free-drinks promotion. This is the future prediction markets want.
George Santos reported to DOJ over suspicious Kalshi trades, AP source says
The prediction marketplace Kalshi detected trades made by Santos ahead of Trump's Feb. 24 speech
George Santos reported to DOJ over suspicious Kalshi trades, AP source says
The prediction marketplace Kalshi detected trades made by Santos ahead of Trump's Feb. 24 speech
George Santos faces DOJ, CFTC probes over Kalshi trades
George Santos is under investigation by the DOJ and CFTC for alleged insider trading on Kalshi, a prediction market platform.
New York tries to rein in prediction markets
In a gaming-friendly state, prediction markets have not been welcome.
Exclusive: Kalshi launches an "S&P 500 for politics"
"The S&P 500 for politics" is coming to Kalshi, the prediction market says.
Gamification and memes lure young people to sports wagering apps, prediction markets
When Rory McIlroy won the Masters for the second year in a row, Kalshi shared a photo of him on Instagram with the words, “Wait he’s goated.” When a video of NBA player Damian Lillard recovering from an injury circulated online, Kalshi’s main competitor Polymarket posted, “The league is cooked.”
Prediction markets and sports wagering apps draw young users with gamification and memes
Some sports wagering platforms, as well as popular prediction markets Kalshi and Polymarket, are touting their availability to users starting at 18 despite most U.S. states restricting gambling to 21 and older.
Tennessee attorney general says Kalshi is running sports betting under another name
Tennessee’s legal fight against prediction market platform Kalshi is now heading to the Sixth Circuit Court of Appeals, setting up for a growing national battle over whether sports event contracts …
Senate Hearing on Sports Betting Shows CFTC Should Not Regulate Gambling
WASHINGTON, D.C.— Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement following a Senate hearing on sports betting: “When Americans wager on Kalshi and Polymarket on the outcome of hockey or football games, they overwhelmingly view it as sports betting, not trading in financial derivatives. They recently made this view known to
Prediction markets face a ban in one state, but the fight's not over
The CFTC is suing Minnesota and Gov. Tim Walz over a ban on prediction markets like Polymarket and Kalshi, set to take effect in August.
Sports Illustrated deletes writer profile, clears out prediction market vertical, following AI plagiarism accusations
After a writer was accused of using AI to plagiarize a Sportico article about prediction market Kalshi, Sports Illustrated deleted the writer’s profile from its site and appears to have cleared out recent content from its prediction market vertical. On May 13, Dan Bernstein and Lev Akabas wrote on Sportico about how users have lost more than…
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A Look At Madison Square Garden Entertainment (MSGE) Valuation After Q3 Earnings And New Kalshi Partnership
Event driven spotlight on Madison Square Garden Entertainment Madison Square Garden Entertainment (MSGE) is drawing fresh attention after fiscal Q3 results highlighted concert demand, a record Christmas Spectacular season and expectations for a strong upcoming quarter, alongside a new partnership with prediction market platform Kalshi. See our latest analysis for Madison Square Garden Entertainment. The latest earnings and Kalshi partnership news come as Madison Square Garden Entertainment’s...
As Colorado debates sports betting reform, Kalshi operates outside state rules
One of the largest prediction market platforms operates in Colorado essentially as a sportsbook outside the regulated system.
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How Investors May Respond To Madison Square Garden Entertainment (MSGE) Profit Squeeze And Kalshi Branding Deal
Madison Square Garden Entertainment Corp. has reported its fiscal third-quarter 2026 results, with revenue rising to US$246.26 million while net income eased to US$5.11 million, and separately entered a multi-year partnership making Kalshi an Official Prediction Market Partner with naming rights to the sixth-floor Kalshi Concourse at Madison Square Garden. Despite higher expenses weighing on quarterly profit, management’s confidence in robust full-year growth and the Kalshi collaboration’s...
As Colorado debates sports betting reform, Kalshi operates outside state rules
Prediction markets are able to operate largely free of the state laws governing sports gambling in Colorado
Kalshi is losing Washington
Congress, the courts, the states, the leagues, and now the President's own circle have all landed in the same place at the same time: this isn't a market. It's a casino with a lobbyist.
Kalshi, the Prediction Market, Raises $1 Billion at a $22 Billion Valuation
The platform for betting on sports, politics, the weather and more has raised $1 billion and sees big financial firms as a key source of growth.
Kalshi’s Site Sure Looks Like Sports Betting
WASHINGTON, D.C.— Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement in connection with Better Markets’ new Fact Sheet entitled “Everyone Should Go on Kalshi and See for Themselves Whether It Looks Like Sports Betting or Derivatives Trading”: “When Kalshi wanted to allow people to bet on elections through so-called event contracts, we warned
Is it gambling? Massachusetts, Kalshi clash heads to Supreme Judicial Court
Is it gambling? Massachusetts’ highest court will hear arguments Monday in a fight over whether Kalshi can offer sports-related prediction contracts without a state sports wagering license.
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Welcome to the insecurity-industrial complex
From ICE to Kalshi, our fear and uncertainty are increasingly monetized, weaponized, and turned against us.
How Prediction Markets are Colliding With California and National Politics
Prediction markets have exploded in recent years, with platforms like Polymarket and Kalshi allowing people to put real money on everything from sports outcomes to election results to armed conflicts overseas. Marisa, Scott and Guy discuss how these markets are influencing state and national politics. Then, they’re joined by Kate Knibbs, senior writer at WIRED, to understand who’s governing these platforms and how they’ve managed to flourish even in states where gambling is illegal. Check out
Senate bans members and staff from betting in prediction markets
Prediction markets, including the betting platform Polymarket and its chief rival Kalshi, have come under scrutiny as the business has expanded.
Senate bans members and staff from trading on prediction markets
A resolution changing the rules of the Senate was passed unanimously, and goes into effect immediately.
Apple execs to talk China and tariffs, but will avoid discussing foldable iPhone, per bettors on Kalshi
Apple is set to report earnings after the bell on Thursday, with its conference call scheduled for 5:00 pm ET.
Democrats urge CFTC to rein in prediction markets sports betting, insider trading
Sen. Jeff Merkley, D-Ore., led a letter — first reported by CNBC — to the CFTC asking for stricter rules for companies like Kalshi and Polymarket.
Opinion: Betting on politics hinders legitimate civic engagement
Platform Kalshi allows users to bet on politics, pop culture and global events. Our columnist warns this normalizes gambling habits that raise serious ethical risks for society and civic behavior.
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Kalshi Referral Code SBWIRE | Get $10 Bonus for NBA, NHL, Politics Trading & More (April 25)
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Kalshi blocked Gannon Van Dyke, soldier charged in Polymarket trades
Gannon Van Dyke was blocked by Kalshi but got onto Polymarket and allegedly profited off trades informed by military secrets.
Wisconsin DOJ sues Kalshi, other prediction markets for illegal online sports betting
Wisconsin is suing Kalshi, Robinhood, Coinbase, Polymarket and Crypto.com for allegedly illegally facilitating sports betting on their prediction market platforms, the state’s Department of Justice announced this week.
Wisconsin DOJ suing sports betting apps
The Wisconsin Department of Justice announced on Thursday that they are suing sports betting apps like Kalshi, Polymarket, Crypto.com and others to try and stop their alleged facilitation of illegal sports betting.
Kalshi fines and suspends 3 congressional candidates for betting on their own elections
Three congressional candidates wagered on the outcome of their own elections on Kalshi, according to the prediction market, which said Wednesday that it fined and suspended the men from their platform for five years.
Kalshi fines Texas GOP candidate for 'political insider trading'
A former Texas Republican primary candidate was fined and suspended for 'political insider trading' on a prediction market.
Wisconsin attorney general suing Kalshi, others for illegal sports betting
Attorney General Josh Kaul is holding an afternoon news conference to address the lawsuit
‘FBoy Island’ star’s bet on his own Senate bid exposes perils of Kalshi
A former reality TV contestant turned candidate in Virginia and two U.S. House hopefuls in Texas and Minnesota have been banned from the prediction market for five years.
Kalshi Bans And Fines Three Politicians For Placing Bets On Their Own Races
The prediction market issued fines and five-year bans for political candidates in Minnesota, Virginia and Texas.
Kalshi fines 3 congressional candidates for wagering on their own elections
It is the latest high-profile case of alleged insider trading on prediction markets, including Kalshi and Polymarket.
A DFL senator is facing backlash after admitting betting on his own political race
A DFL senator is faced backlash Wednesday night after admitting he placed a bet in his own political race. All while pushing a bill to ban the very same platforms that took his wager.
Kalshi fines & suspends 3 political candidates for betting on their own campaigns
The prediction market platform Kalshi is cracking down on insider trading by political candidates. On Wednesday.
Kalshi suspends three politicians from platform
The prediction market company Kalshi has suspended three politicians for allegedly betting on their own political campaigns. They are banned from the platform for five years. NBC News’ Brian Cheung has more on the story.
Kalshi fines, suspends political candidates for trading on own races
The cases were flagged by Kalshi’s new safeguards to block political candidates from trading on their own elections.
Kalshi Fines and Suspends 3 Political Candidates for Betting on Their Races
The prediction market said the candidates violated new rules as it faces growing scrutiny from lawmakers and regulators over how political betting is policed.
Kalshi Bans And Fines Three Politicians For Placing Bets On Their Own Races
The prediction market issued fines and five-year bans for political candidates in Minnesota, Virginia and Texas.
Kalshi suspends 3 political candidates for betting on own races
Kalshi has suspended three political candidates for betting on their own races, the prediction market platform announced Wednesday. Minnesota congressional candidate and state Sen. Matt Klein (D) a…
Kalshi suspends 3 U.S. congressional candidates for ‘political insider trading’
WASHINGTON >> Prediction markets platform Kalshi said today it has suspended three U.S. congressional candidates for “political insider trading,” building on its efforts to block politicians and athletes from betting on contests in which they are involved.
Kalshi suspends 3 political candidates for trading on their elections
Kalshi said it had issued fines and given a five-year suspension to 3 political candidates who made trades related to their own elections.
Kalshi fines, suspends politicians for trading on own elections
The fines ranged from $539 to more than $6,200, and the suspensions are set to last five years.
Kalshi prediction site suspends three political candidates for betting on their own races
The prediction market suspended them from its platform on Wednesday for “political insider trading” after allegedly betting on their own campaigns.
Enforcement update: Kalshi continues crackdown on political insider trading
Three cases target candidates trading on their own races.
Kalshi’s fight over sports betting is hurtling towards the Supreme Court—and the future of gambling is at stake
Kalshi is in a make-or-break fight to preserve a lucrative new prediction-markets industry expected to grow to over $200 billion this year.
Ohio readies $5M fine against Kalshi for unlicensed sports betting: Capitol Letter
The prediction market operator is waging a multistate battle over whether its sports offerings should be treated as state-regulated gambling or federally regulated financial swaps.
Kalshi faces Ohio fine amid sports betting legal battle
The fine comes on the heels of a court loss Kalshi suffered in March, when a federal judge said its offerings should be considered gambling.
Kalshi faces Ohio fine amid sports betting legal battle
The fine comes on the heels of a court loss Kalshi suffered in March, when a federal judge said its offerings should be considered gambling.
Ohio regulators seek to fine Kalshi $5M for unlicensed sports gambling
COLUMBUS — Online prediction market platform Kalshi is facing a $5 million fine for operating an unlicensed sports gambling business in Ohio. The Ohio ...
Gary Gensler Paved the Way for Prediction Markets. Sports Betting Wasn’t Part of the Plan.
Kalshi and Polymarket say their sports bets are allowed under federal law. States argue otherwise. The designer of the law is weighing in.
Ohio Casino Control Commission fines Kalshi prediction market
Prediction market Kalshi is facing a fine from the Ohio Casino Control Commission for unlicensed sports gaming.
Appeals court allows Kalshi to continue offering sports bets despite NJ challenge
Court rules only federal law can govern prediction markets' contracts, but a dissent argues they are indistinguishable from sports bets.
How polling failures, gambling legalization and political gridlock paved the way for the explosive rise of prediction markets
While media outlets are signing deals with Polymarket and Kalshi for their insights into the wisdom of crowds, gamblers are pouncing on opportunities to wager on geopolitics and celebrity weddings.
Kalshi says it will crack down on politicians and athletes betting
Kalshi said the new features were aimed at preventing "bad actors" in sports and politics from engaging in insider trading.
Exclusive: Kalshi to block athletes and politicians from trading on their markets
Prediction market Kalshi plans to block athletes, coaches and officials from betting on their sports and to block political candidates from trading on their campaigns, Axios has learned.
Nevada Wins Temporary Ban on Sports Betting on Kalshi
The prediction-market platform must obtain state gambling licenses and prohibit users under 21 to offer such contracts, a state court said.
List: The 6 bills that lawmakers have proposed on prediction markets
From banning lawmakers from Polymarket and Kalshi, to getting rid of sports trading, lawmakers have a variety of proposals for prediction markets.
Arizona calls Kalshi an illegal gambling business as first state in first state lawsuit against company
“Arizona will not be bullied into letting any company place itself above state law,” Democratic Attorney General Kris Mayes said.
Kalshi faces criminal charges in Arizona for running an illegal gambling business
In the Wild West days of illegal gambling, a shootout was inevitable.
Kalshi accused of running illegal gambling business
Kalshi accused of running illegal gambling business
Kalshi's legal troubles pile up, as Arizona files first ever criminal charges over 'illegal gambling business'
It's the latest salvo in an escalating battle between state regulators and an industry that claims it's not beholden to them.
Arizona files landmark criminal charges against prediction market Kalshi
Arizona’s attorney general has filed the first-ever criminal charges in the US against a major prediction market company, accusing Kalshi of running an illegal gambling operation in violation of state law.
Arizona charges Kalshi, alleging illegal gambling with election bets
Kalshi calls Arizona’s case ‘paper-thin’ and says the platform should not be overseen by ‘inconsistent state laws’
Arizona Charges Kalshi With Operating Illegal Gambling Business
Arizona said it filed criminal charges against Kalshi for operating an illegal gambling business in the state.
Kalshi charged criminally in Arizona for operating illegal gambling business
Arizona's attorney general on Tuesday filed criminal charges against Kalshi, accusing the prediction markets platform of operating an illegal gambling business in the state and unlawfully allowing people to place bets on elections.
Kalshi Still Needs Sports, Even as Courts Close In
Monthly trading volume on Kalshi hit $10.4 billion in February, a record for the company, and the firm is set to outperform that number this month.
Ohio judge rules that Kalshi is sports betting and must adhere to state law
"These 'prediction markets' have exploded and look an awful a lot like gambling," Ohio Attorney General David Yost said.
Popular prediction markets take heat from lawmakers
Kalshi and Polymarket are surging in popularity, but some lawmakers in Washington want to put regulations on prediction markets
Kalshi and Polymarket are skirting laws on sports betting, states say
Online prediction markets allow users to put money on the outcome of almost anything — this weekend’s NBA game between the Warriors and the Thunder, the next supreme leader of Iran, whether the government will confirm the existence of aliens. But those markets have no state oversight and operate even in states that ban gambling. […]
Michigan attorney general sues Kalshi over alleged Lawful Sports Betting Act violation
Kalshi and Polymarket are skirting laws on sports betting, states say
Online prediction markets allow users to put money on the outcome of almost anything — this weekend’s NBA game between the Warriors and the Thunder, the next supreme leader of Iran, whether the govern...
Titus targets prediction markets as the battle to protect sports betting intensifies
The Nevada congresswoman introduces a bill to ban Kalshi and others from offering sports “contracts” without approval from states. Also, M Resort boosts Penn.
DraftKings Is Using Its Sports-Betting Playbook to Win Prediction Markets Race
As federal policymakers grapple with how to regulate predictions markets, DraftKings is going all-in on its predictions product and aims to overtake industry leader Kalshi.
Kalshi Taps Standard Chartered’s Ross for Institutional Business
Prediction-markets platform Kalshi Inc. tapped the former head of prime and financing at Standard Chartered Plc to help build its business serving institutional investors, according to people with knowledge of the matter.
Nevada legal battle against prediction markets it calls ‘unlicensed sports gambling’ is moving forward
A Nevada appeals court denied Kalshi’s request to block the state from taking civil action against it.
Sports-focused prediction market Novig raises $75 million to challenge Kalshi and Polymarket
Novig’s Series B values the startup at $500 million with backing from Pantera Capital, Multicoin, and Forerunner.
Trump administration backs Kalshi and Polymarket as states move to ban prediction markets
The Trump administration is throwing its support behind the prediction market operators Kalshi and Polymarket in a critical legal battle between the growing prediction market industry and states that wish to ban these platforms.
Kalshi and Polymarket Are Eating Sports Gambling
The Trump administration says prediction markets are something different. Do their users agree?
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Coinbase CEO Brian Armstrong Was Asked Whether COIN Plans To Launch Its Own Prediction Market Business—Here's What He Said
Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong said Thursday that the company has the ability to launch its own prediction market business, beyond serving as a retail distributor for platforms like Kalshi. ‘Keeping All Options Open’ During the company’s earnings...
Kalshi promo code CBSSPORTS: Get $10 cash bonus for Seahawks vs. Patriots, trade Big Game entertainment props
Kalshi sign-up bonus available for Seahawks vs. Patriots trades
Prediction Markets and Casinos Go to War Over Sports Betting
Kalshi and Polymarket say their prediction markets are not subject to gambling laws and taxes. The casino industry is lobbying to shut them down as a wave of court cases take on the question.
Judge orders Kalshi to cease its sports-betting business in Massachusetts
A court order barring the New York-based company from operating its sports-betting prediction market in Massachusetts went into effect on Friday.
Wanna bet? Super Bowl gamblers find a way around bans thanks to prediction markets
Though California residents have emphatically said no pro and college wagers, Kalshi and Polymarket see opportunity.