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.
Time Magazine is upping the ante this year with its annual “Person of the Year” award. Among the top contenders… Continue reading The Pope vs. AI: Who Will Be Named Time Magazine’s Person Of The Year?
The Ho-Chunk Nation of Wisconsin sued online prediction market operator Kalshi, accusing it of engaging in illegal sports gambling on… Continue reading Ho-Chunk Nation Of Wisconsin Latest To Sue Kalshi
President Donald Trump exercised his powers on Monday to take control of the Washington D.C. police and deploy the National Guard… Continue reading Odds of a Federal Takeover of Washington D.C. Briefly Surge on Kalshi After Trump Deploys National Guard
Maryland can enforce its cease-and-desist against Kalshi, a federal District Court has ruled, dealing the predictions market its first real legal setback of… Continue reading Kalshi Suffers Setback in Maryland Federal Court: Congressional Intent Could be Prediction Markets’ Kryptonite
California Governor Gavin Newsom currently looks like Democrats’ best hope to win the next presidential election, and predictions market bettors don’t seem… Continue reading Newsom’s Presidential Odds Rising Despite Potential Tribal Casino Scandal
Optimism is rising that an unpopular change to taxes on gambling winnings will be reversed before it takes effect, following… Continue reading House Ways & Means Committee Chair Promises Nevadans That Gambling Tax Deductions Cap Will Be Repealed
Predictions markets think there’s a better than even chance that federal lawmakers will repeal the wildly unpopular changes made to… Continue reading Kalshi and Polymarket Offer Contracts on Repeal of Gambling Tax Changes in Big Beautiful Bill
The two biggest predictions markets can’t agree on whether Elon Musk’s America Party officially exists yet or not. Since his falling out… Continue reading Polymarket Says Elon Musk Has Already Formed His ‘America Party,’ But Kalshi Contracts Still Trading at 60%
Predictions markets like Kalshi don’t currently offer the equivalent of sportsbook parlays but may consider implementing such a product. It’s a… Continue reading Fact Check Friday: Fake Social Media Posts Raise Questions About Kalshi ‘Parlays’
Google made what it describes as a “bet” on nuclear fusion yesterday, investing in Commonwealth Fusion Systems and committing to purchase… Continue reading Kalshi Traders Are Betting on Nuclear Fusion and Now Google Is Too
