Kalshi is the brand at the forefront of the expansion of financial event contracts into areas like election betting and sports. The resulting “prediction markets” have taken the U.S. by storm, bringing what is effectively peer-to-peer betting to states where player-versus-house sports betting isn’t legal, or is only legal at retail.
Although once on shaky legal ground, Kalshi and its ilk appear to be getting a full-throated endorsement from new leadership at the Commodity Futures Trading Commission under the Trump administration. Even so, states are trying to push back on the business model, especially those in which the prediction markets are competing directly against state-regulated sportsbooks.
Prediction market provider Kalshi and popular poker room The Lodge Card Club have announced a partnership that makes Kalshi the… Continue reading The Lodge Card Club Inks Partnership with Kalshi as ‘Predictive Market Partner’
Much has been made of the danger that insider trading poses to prediction markets, but for the average bettor on… Continue reading Prediction Markets Like Kalshi Test Users’ Reading Comprehension as Much as Their Foresight
Poker players who also trade predictions may be interested to note that Kalshi has a newly-listed market on whether the… Continue reading Kalshi Taking Bets on WSOP Main Event Attendance: Will it Reach 10,000 Entries in 2026?
Democratic socialist Zohran Mamdani won New York City’s mayoral election on Tuesday. While hailed as a “historic victory for progressives,”… Continue reading Mamdani’s Historic NYC Election May Have Consequences for Casinos, But Not Right Away
This week, Massachusetts handed Kalshi its second significant legal setback, as a federal judge remanded the case to state court, thwarting Kalshi’s attempt to… Continue reading Massachusetts Puts Kalshi on Its Back Foot — And States on a Collision Course With the Federal Government
The National Hockey League (NHL) has announced a new agreement with Polymarket and Kalshi, making it the first U.S. professional… Continue reading NHL Signs Multiyear Deal With Both Kalshi and Polymarket
A still-live prediction market on Polymarket appears to have spoiled the winner of the National Heads-Up Poker Championship, a long-celebrated… Continue reading National Heads-Up Poker Championship Winner Revealed Prematurely by Polymarket
Kalshi announced today that it is now serving customers “globally,” in tweet from CEO Tarek Mansour that also boasted of $300 million in… Continue reading Kalshi Announces International Service Alongside $300 Million in New Funding — Which Countries Are Still Excluded?
Puerto Rican reggaeton star Bad Bunny will headline the 2026 Super Bowl halftime show, and some bettors made bank piling their… Continue reading Bets on Bad Bunny Ahead of Super Bowl Announcement Renew Concerns of Insider Trading on Prediction Markets
In an under-the-radar move, prediction market provider Kalshi added parlays to its offerings on Monday night, coinciding with the start… Continue reading Kalshi Adds Parlays in Milestone Sports Shift
