A coalition including Kalshi, Crypto.com, and Polymarket has filed a lawsuit challenging Kentucky's new 14.25% excise tax on prediction market operators' transaction fees, arguing it's discriminatory, unconstitutional, and preempted by federal law. The coalition claims the tax is higher than on other industries and pushes users toward illegal platforms.
A viral chant celebrating the Knicks' NBA finals run, blending cultural references and city pride, has captivated New York. Initially featuring "My mayor Muslim, My bagel's Jewish, Knicks in four," it evolved to "Knicks in five" after a team loss, with a nod to the Pope. The chant's success is attributed to its cultural resonance, unity, and clever marketing by prediction market Kalshi.
Prediction market operator Kalshi is implementing new compliance measures, including a disclosure rule for high-risk markets and a risk scoring framework, to combat insider trading concerns. These steps aim to identify and prevent manipulation, though some experts question their effectiveness.
Prediction market operator Kalshi will soon require users to disclose their employment information to prevent insider trading. The move aims to identify and screen out potential insiders on markets deemed at high risk for manipulation, such as those related to national security or upcoming IPOs.
BBB National Programs' National Advertising Division (NAD) is referring prediction market platform Kalshi to regulatory authorities after the company declined to participate in an inquiry into its social media advertising practices.
Former Congressman George Santos threatened a journalist with a violent remark after a story exposed federal investigations into his trading activities on Kalshi, a prediction market site.
US Rep. Bryan Steil plans to amend a congressional stock ban bill to include prediction markets like Polymarket and Kalshi, citing concerns over insider trading on elections and public policy.
Kalshi is reportedly developing a new interface for its highly engaged traders, likened to the 'Bloomberg Terminal' for prediction markets. The platform will offer features like tracking volumes, real-time trades, and customizable interfaces, aiming to serve 'sharps' seeking an edge.
Kalshi, a prediction market platform, is partnering with a New York City bar, The Jeffery, to demonstrate its hedging strategy for small businesses. The bar placed a $5,000 trade on the Knicks winning their game against the Spurs, aiming to cover customer tabs if they win, or profit from increased business if they lose.
Bitcoin prices dropped to their lowest point since early April, falling below $66,500. Traders on platforms like Kalshi and Polymarket anticipate further declines, with significant probabilities assigned to prices falling below $60,000 and even $50,000 in 2026 and 2024, respectively.
Federal authorities are investigating former Congressman George Santos for alleged insider trading related to a bet placed on an online prediction market about his attendance at the State of the Union address.
O ex-deputado George Santos está sob investigação por suposto uso de informação privilegiada em um mercado de previsões online, a Kalshi. A plataforma o reportou ao Departamento de Justiça e à CFTC após detectar negociações suspeitas antes do discurso de Trump em 24 de fevereiro.
Following the CFTC's approval of Bitcoin perpetual futures, Kalshi has applied to self-certify derivatives for 12 major altcoins, aiming to expand regulated crypto derivatives trading in the U.S. beyond Bitcoin.
Especialistas alertam que plataformas de previsão, como Polymarket e Kalshi, não são um bom termômetro para a disputa presidencial brasileira, apesar de serem usadas nas redes sociais. O governo brasileiro bloqueou o acesso a esses sites, que operam como derivativos financeiros, mas políticos e influenciadores de direita continuam a divulgar seus dados como contraponto às pesquisas tradicionais. No entanto, o mercado de apostas reflete mais o comportamento de operadores sofisticados e pode ser manipulado, diferentemente das pesquisas eleitorais.
Prediction market platform Kalshi processed a record $17B in contracts in May, driven by institutional adoption. The company is focusing on Wall Street with new partnerships and infrastructure, aiming to offer hedging tools beyond traditional financial markets.
The CFTC approved KalshiEX's Bitcoin perpetual contract, a major regulatory step for crypto in the US. Meanwhile, JPMorgan CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong over the Clarity Act, and the US seized $1B in crypto from Iran.
Hyperliquid's HYPE token reached a new all-time high of $68.64, driven by ETF inflows, CFTC approval of Bitcoin perpetual futures, and Wall Street recognition. This reframes HYPE as a public market proxy for derivatives infrastructure.
Wintermute, a major crypto market maker, is providing two-sided liquidity to prediction platforms Polymarket and Kalshi, aiming to tighten spreads and support larger trades, enhancing the reliability of event probability estimates.
Kalshi has launched Americans for Fair Markets, a new lobbying group for prediction markets, appointing Taylor Budowich as advisor. The group aims to counter opposition from sportsbooks and casinos and shape federal policy, while facing increased scrutiny and a US House probe into Kalshi and Polymarket.
US-based prediction market websites like Kalshi and Polymarket are attracting significant bets on Australian elections and political events, raising concerns among Australian regulators and gambling harm advocates about potential manipulation and lack of oversight.
US-based prediction market websites like Kalshi and Polymarket are attracting significant bets on Australian elections and political events, raising concerns among Australian regulators and gambling harm advocates about potential manipulation and lack of oversight.
Le Bitcoin a brièvement chuté sous les 75 000 dollars, ravivant les craintes d'une correction vers les 50 000 dollars. Les sorties massives des ETF Bitcoin et la prudence des investisseurs institutionnels accentuent la pression baissière.
Kalshi has launched Americans for Fair Markets (AFM), an advocacy group led by former White House staffer Taylor Budowich, to lobby Capitol Hill. The group aims to counter scrutiny from lawmakers and the gaming lobby regarding prediction markets, especially after insider trading investigations were announced.
US government equity stakes in nine companies, including IBM, have boosted quantum stocks. Traders on Kalshi are betting on future government investments in companies like IonQ (32% odds), Anduril Industries (31%), and Micron Technology (28%).
