Kalshi News

The judge said Kalshi’s event contracts are indistinguishable from sports betting, supporting the state’s position that the platform requires a gaming license.

Polymarket cited “integrity standards” for removing the market but did not specify which rule was broken, drawing scrutiny from users who questioned how its policies are applied.

Stephanie Cutter will join the prediction markets company as a policy adviser, having previously worked in Democratic lawmakers’ campaigns.

The prediction market is introducing price-based contracts tied to stocks and commodities, using Pyth data feeds as the "resolution source" to automatically settle outcomes.

Polymarket’s March 30 fee overhaul lifted daily fees and revenue, but how long the spike lasts is unclear as regulatory pressure builds.

As part of the offering, Paradigm is also exploring an internal market-making desk for prediction market trading and a prediction market index.

“There’s a myth in mainstream media and social media that insider trading doesn’t apply in the prediction markets … That is wrong,” said CFTC enforcement director David Miller.

CFTC Chair Michael Selig signaled that the agency would defer to the football league in calling for changes to event contracts that could be manipulated by a single person.

Kalshi has already listed specific markets that ARK Invest is interested in, such as non-farm payroll markets and deficit-to-GDP (gross domestic product) ratio markets.

The offering allows institutional investors to trade event-based contracts using crypto collateral, as regulatory scrutiny of prediction markets intensifies in the United States.

Kalshi is facing off with state regulators around the US, who claim that prediction markets are a form of gambling and recognize that they are a significant source of potential revenue.

Kalshi and Polymarket have moved to restrict insider trading on the same day lawmakers introduced a bipartisan bill to ban popular sports event contracts.

A bipartisan Senate bill would reportedly ban sports betting and casino-style contracts on prediction markets.

A Nevada state judge has sided with local authorities to ban Kalshi’s sports, election and entertainment event contracts in the state for 14 days.

US gaming lawyer Daniel Wallach says a Nevada state court-issued restraining order against Kalshi appears imminent, preventing it from offering sports-related contracts.