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Nevada Says Kalshi’s Geofence Missed Mobile-App Users
Nevada’s Motion Targets Mobile and API Access Nevada’s August 14 motion to enforce says Kalshi had rolled out GeoComply’s location… The post Nevada Says Kalshi’s Geofence Missed Mobile-App Users appeared first on iGaming Express.
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Connecticut Judge Says CFTC Cannot Override Court’s Reading of Federal Law in Prediction Markets Case
Kalshi has been dealt another setback in Connecticut, this time with federal judge Vernon D. Oliver ruling that the Commodity Futures Trading Commission (CFTC) cannot dictate an order that conflicts with the court’s own interpretation of federal law. The CFTC, said the judge, lacks the authority to override the court’…
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Kalshi Adds Catalist Sports Tennis and Football Content
Kalshi has agreed an exclusive multi-year partnership with Catalist Sports to expand the sports content available across its US prediction markets. Under... Read More...
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Nevada regulator seeks $120,000 daily fines against Kalshi
The Nevada Gaming Control Board says Kalshi failed to fully comply with a court order restricting its prediction contracts. U.S.- The Nevada Gaming Control Board has asked a Carson City court to impose $120,000 in daily fines on Kalshi, alleging that the company continued offering sports, election and entertainment co…
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Nevada and Kalshi Clash Again Over Geofencing Fine
Kalshi’s fragile truce with the Nevada Gaming Control Board (NGCB) may be over after the regulator accused the prediction platform of violating its agreement to stop its sports, election, and entertainment prediction contracts in the state. The NGCB now intends to fine Kalshi $120,000 for each day it refuses to comply…
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Pennsylvania is Logical Place for State-Level Prediction Market Regulation, But HB 2711 is Oddly Timed
While Kalshi continues to sustain legal defeats, Pennsylvania lawmakers are pushing to regulate prediction markets within state borders. It wouldn’t tax. It wouldn’t license. It wouldn’t ban sports event contracts. And given the history of prediction markets like Kalshi and Polymarket defying state regulators and cour…
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Nevada Regulators Push $120K Daily Fine Against Kalshi for Noncompliance
Nevada’s Gaming Control Board told a Carson City court late Friday that Kalshi failed to meet the August 12 deadline to stop offering sports, election, and entertainment bets in the state. Regulators argued the company should now face fines of $120,000 for every day it remains out of compliance. Investigators said the…
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Nevada Seeks Daily Fines as Kalshi Blames Investigators for Geofencing Workaround
Kalshi says Nevada investigators misrepresented their residence and “actively worked to circumvent” restrictions that blocked them from trading after the Aug. 12 deadline. Prediction market platform Kalshi has accused Nevada gaming regulators of breaking federal law, as the two sides trade blows over whether the compa…
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Kalshi's New AI Compute Markets Explained
The rapid expansion of artificial intelligence has created demand for an input that remains unfamiliar to many financial-market participants... compute. Or in other words the processing capacity required to train and operate artificial...
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Baltimore sues Kalshi and Polymarket over unlicensed sports betting
Seeking penalties, restitution, and injunctive relief
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Washington Court Splits Kalshi’s Sports Business From Its Financial Markets
Kalshi can keep offering Washington residents contracts tied to inflation, interest rates, markets and other economic outcomes. Its sports business is another matter. A King County judge has ordered the prediction-market operator to stop offering a broad swath of event contracts in Washington, creating an unusually ex…
Read summary →Connecticut Judge Says CFTC Cannot Override Court, Denies Kalshi Injunction
The CFTC “lacks the authority to dictate an order that conflicts with this Court’s decision,” according to the denial. A Connecticut judge has denied Kalshi’s emergency motion for an injunction pending appeal, rejecting the company’s attempt to use the Commodity Futures Trading Commission’s (CFTC) “market emergency” o…
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Baltimore Sues Kalshi, Polymarket, Claims They Broke Consumer Protection Laws
Prediction market companies like Kalshi and Polymarket have long been in legal disputes with various states and cities. Recently, this number has grown, as Baltimore, Maryland, has filed a lawsuit against both entities, accusing them of breaching consumer protection laws and offering illegal sports betting. Baltimore …
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Kalshi ordered to restrict operations in Washington state
A Washington judge has ruled that Kalshi is likely violating state gambling laws, ordering the prediction market to block most of its event contracts. US.- King County Superior Court Judge John McHale has ordered Kalshi to stop accepting contracts in Washington on sports, elections and politics, entertainment, culture…
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Report: Kalshi Paused Sports Mention Markets Amid Federal Review
Kalshi has stopped offering sports mention markets as federal regulators reportedly review the issue. The Commodity Futures Trading Commission launched a review of mention markets recently, according... The post Report: Kalshi Paused Sports Mention Markets Amid Federal Review appeared first on Legal Sports Report.
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Tribes expect Supreme Court intervention after Kalshi ordered to block Washington bets
Despite a ruling in Washington state that found Kalshi is likely violating state gaming laws, uncertainty remains for tribal gaming leaders who argue sports event contracts offered by prediction markets are harming their economies and threatening their tribal sovereignty. King County Superior Court Judge John McHale o…
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Opinion: Kalshi Shelves Mention Markets for Sports Until Further Notice. Why Stop There?
Kalshi has stopped offering mention markets for sports, but you can still get action on what US President Donald Trump or a CEO will say on any given day. Given that prediction markets are mandated not to offer markets that are “readily susceptible to manipulation,” why stop there? Human nature being what it is, tempt…
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Washington Judge Orders Kalshi To Halt Sports, Election Betting
A King County Superior Court judge has ordered Kalshi to stop offering wagers on sports, elections, and several other categories to Washington consumers, finalizing a preliminary injunction the... The post Washington Judge Orders Kalshi To Halt Sports, Election Betting appeared first on Legal Sports Report.
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Baltimore Takes Kalshi and Polymarket to Court Over Unlicensed Sports Betting Claims
In addition to state regulators, US cities are now joining the prediction market battle as Baltimore City has filed suit against prediction market operators Kalshi and Polymarket, accusing them of sidestepping state gambling rules by disguising sports wagers as “event contracts” and “prediction trades.” The complaint …
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Kalshi and Polymarket already flagged more than 100 potential insider trading cases this year
The prediction market operators have reported a growing number of suspicious trades as concerns over insider activity increase. US.- Kalshi and Polymarket have flagged more than 100 potential insider trading cases in 2026, with Kalshi reporting more than 50 and Polymarket referring over 90 accounts to authorities in t…
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Kalshi ordered to curb Washington operations over gambling law violations
Initial geofencing system due Aug. 19
Read summary →Baltimore Sues Kalshi, Polymarket After Sportsbook, Sweepstakes Cases
The city alleges prediction market platforms misled Baltimore residents in violation of its Consumer Protection Ordinance. Baltimore has expanded its increasingly aggressive approach to gambling enforcement to prediction markets. The city filed lawsuits against Kalshi and Polymarket after previously taking legal actio…
Read summary →Baltimore sues Kalshi and Polymarket over illegal sports betting
The city is seeking civil penalties, arguing that the prediction market operators are offering unlicensed sports wagering while misleading consumers about the legality of their products. US.- Baltimore Mayor Brandon M. Scott and the Baltimore City Council have filed separate lawsuits against Kalshi and Polymarket. The…
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Kalshi Adopts Nasdaq Surveillance as Prediction Markets Mature
Kalshi is adopting Nasdaq’s market-surveillance technology in a move designed to help the prediction market exchange detect insider trading, manipulation and other forms of market abuse as its trading volume and product offerings continue to...
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Prediction Markets Weekly Roundup: CFTC Escalates New York Fight as State Challenges Mount
Kalshi suffered setbacks in Connecticut and Washington during a week that also brought new lawsuits, football contract filings and further industry expansion. New York continued to be the center of prediction market litigation this week, headlined by an extraordinary Commodity Futures Trading Commission (CFTC) interve…
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Washington Judge Orders Kalshi to Block Access as Baltimore Also Sues Company
A judge in Washington state has ordered Kalshi to block users from a wide range of markets, including sports, by August 19. With the CFTC firmly opposing state court orders, it remains to be seen whether the company will implement the restrictions in Washington. In addition to its sports markets, Kalshi must block use…
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Kalshi and Polymarket Flag Dozens of Potential Insider Cases
At a time when Kalshi and Polymarket are increasingly criticized for skirting sports gambling rules and facing mounting pressure in multiple states, the platforms are holding their own by living up to their claims of integrity by flagging suspicious activity that law enforcement may have been too slow to investigate. …
Read summary →Derek Stevens Slams Prediction Markets Advantage
Regulatory Divide Between Sportsbooks and Prediction Markets Circa Sports owner Derek Stevens has criticised prediction market operators Kalshi and Polymarket… The post Derek Stevens Slams Prediction Markets Advantage appeared first on iGaming Express.
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Saratoga Conference: NBC’s Kornacki addresses Triple Crown reforms amid major changes
Issues surrounding the Triple Crown, a lawsuit against Kalshi and the Far Hills betting investigation dominated the three-day conference.
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Nevada cites Kalshi support in leaving National Council On Problem Gambling
Trey Delap, Executive Director of the Nevada Council on Problem Gambling, confirmed the National Council on Problem Gambling’s partnership with Kalshi prompted the organization to evaluate and eventually end their relationship with the national organization. “Kalshi was the catalyst for that review, but the decision i…
Read summary →Prediction Markets Flag Dozens of Suspected Insider Traders as CFTC Enforcement Lags
Kalshi has flagged over 50 traders in 2026, while Polymarket has flagged over 90. Still, the CFTC has brought action against only three people so far. Prediction market platforms have begun flagging potential insider traders at a rapid pace. The surge is testing the resources and legal tools of a federal regulator alr…
Read summary →New York City Council investigates prediction market advertising
Council Speaker Julie Menin has requested information on compliance with New York City consumer protection laws. US.- The New York City Council has launched an investigation into Polymarket, Kalshi, Coinbase and Gemini Titan over their advertising practices and potential targeting of minors. Council Speaker Julie Meni…
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NCAA disciplines two Mississippi State athletes over sports betting
Two Mississippi State student-athletes were found to have breached NCAA sports betting rules after placing wagers on professional events through prediction market Kalshi. US.- The NCAA has disciplined two Mississippi State athletes for violating its sports betting rules after an investigation found that both had place…
Read summary →CFTC Orders Kalshi to Stay Open Amid NY Lawsuit
Federal Intervention in the State-Level Dispute Over Prediction Markets The Commodity Futures Trading Commission (CFTC) has ordered Kalshi to keep… The post CFTC Orders Kalshi to Stay Open Amid NY Lawsuit appeared first on iGaming Express.
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Circa Sports Owner Blasts Prediction Markets
Derek Stevens, owner of sportsbook operator Circa Sports, sharply criticized the fast-growing prediction market sector, alleging that companies like Kalshi and Polymarket have an unfair advantage over licensed operators. He argues that businesses that compete directly with sportsbooks for the same customers should fac…
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CFTC Orders Kalshi to Keep Markets Running in New York
The Commodity Futures Trading Commission has stepped in, using its emergency powers to keep prediction market operator Kalshi active in New York despite a state lawsuit. The agency said New York’s push for a temporary restraining order amounted to a “market emergency” and directed Kalshi to continue operating under it…
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CFTC Orders Kalshi To Continue Operating In New York
The Commodity Futures Trading Commission has ordered Kalshi to continue operating its exchange in New York despite the state’s lawsuit seeking to halt the company’s event contracts, escalating the fed... The post CFTC Orders Kalshi To Continue Operating In New York appeared first on Legal Sports Report.
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Circa Sports Owner Derek Stevens Unloads on Prediction Markets, Calling Them ‘Pirates’ & ‘Thieves’
Circa Sports owner Derek Stevens is not a fan of prediction markets. That much was clear when Stevens shared some strong opinions in a published report on Tuesday. The rise of prediction markets, including Kalshi, Polymarket, and others, has altered the sports betting landscape. The ongoing legal battles between state…
Read summary →NYC Council Probes Prediction Markets Over Alleged Deceptive Marketing
Polymarket, Kalshi, Coinbase and Gemini Titan have been asked to disclose details about their users, advertising practices and influencer marketing. The New York City Council has launched an investigation into four major prediction market platforms over their advertising practices and potential targeting of minors, ad…
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Nevada problem gambling council moves to cut ties with national group over Kalshi partnership
The Nevada Council on Problem Gambling plans to end its relationship with the National Council on Problem Gambling after months of disagreement over the prediction market platform. US.- The Nevada Council on Problem Gambling is planning to terminate its relationship with the National Council on Problem Gambling over i…
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CFTC says it can keep Kalshi trading despite New York shutdown order
Emergency letter cites $36B fine
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FlightAware Cancels Lawsuit Against Kalshi, But Remains Source on Flight Market Open for Trading
FlightAware has voluntarily dismissed a lawsuit against Kalshi, with the two companies seemingly reaching an out-of-court agreement. FlightAware sued Kalshi in New York on Monday, claiming the prediction market operator had agreed not to use its data for commercial purposes. “Kalshi is using FlightAware’s data and nam…
Read summary →FlightAware Drops Kalshi Lawsuit One Day After Filing as Kalshi Removes Its Name
The abrupt dismissal leaves unanswered whether the dispute was resolved privately and what it could mean for prediction markets’ reliance on third-party data. FlightAware abruptly abandoned its legal challenge against Kalshi before the case reached a courtroom, as the prediction market removed the flight tracker’s nam…
Read summary →CFTC Orders Kalshi to Keep Operating as New York Seeks Shutdown
The regulator says New York’s attempt to stop Kalshi from offering event contracts threatens to disrupt derivatives markets nationwide. The Commodity Futures Trading Commission (CFTC) has issued an emergency order to require Kalshi to continue operating in New York, even if a state court rules that the platform must s…
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CFTC orders Kalshi to continue trading despite New York dispute
The Commodity Futures Trading Commission has ordered Kalshi to continue operating after the prediction market notified the agency of a market emergency. US.- The CFTC ordered Kalshi to continue trading despite New York Attorney General Letitia James’ lawsuit against the prediction platform. It invoked its emergency au…
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Nevada Council on Problem Gambling Takes Firm Stance Against Prediction Markets
The Nevada Council on Problem Gambling is moving to cut ties with the National Council on Problem Gambling, claiming the national group has betrayed its mission to protect consumers by partnering with prediction platform Kalshi. The divide between the two organizations mirrors the broader tensions within the gambling …
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Nevada Problem Gambling Group Cuts Ties With NCPG Over Kalshi Partnership
The Nevada Council on Problem Gambling is ending its relationship with the National Council on Problem Gambling, putting another major break between the national organization and a state gambling authority over its partnership with prediction-market operator Kalshi. The split comes after months of growing friction aro…
Read summary →Connecticut court rejects Kalshi’s preemption bid
On August 10, 2026, a Connecticut judge denied Kalshi’s bid for a preliminary injunction against state regulators, ruling that the operator’s sports event contracts don’t fall under the Commodity Exchange Act (CEA). The decision was made by U.S. District Judge Vernon Oliver, who explained that the sports contracts are…
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Nevada Council On Problem Gambling Cuts Ties With NCPG Over Kalshi Deal
The Nevada Council on Problem Gambling is formally cutting ties with the National Council on Problem Gambling over its new relationship with Kalshi, according to the Nevada Current. The NCPG... The post Nevada Council On Problem Gambling Cuts Ties With NCPG Over Kalshi Deal appeared first on Legal Sports Report.
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Circa’s Stevens rips prediction markets
As far as Circa Sports owner Derek Stevens is concerned, prediction markets are enjoying a parasitic relationship with the sports betting industry. He made his views plain Tuesday in an interview with CDC Gaming. “They’re pirates. They’re thieves,” Stevens fumed of Polymarket, Kalshi, and their ilk. “We’d be able to o…
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NFL MVP Futures at Kalshi: Josh Allen Favored in QB-Dominated Market
Betting on the NFL MVP is always one of the most popular futures markets in football, and Josh Allen is currently the favorite to win the award at Kalshi. Allen, among several quarterbacks at the top of this market, is Buffalo’s linchpin on offense. Let’s take a look at the top-10 betting favorites at Kalshi […] The p…
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Kalshi Parlay Bettors Lose More Than Headline Numbers Show — Money Betting Against Them is Masking it
Bloomberg reports Kalshi parlay players losing as much as $294 million since the start of the year, but the actual number is probably a lot more. Gambling Insider investigates. A widely cited measure of what bettors lose on prediction market parlays lumps together two opposite groups: the recreational customer backing…
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Connecticut Judge Likens Parlays to Casino Gaming as He Rules Against Kalshi
Judge Vernon D. Oliver has likened parlays to casino gaming while rejecting Kalshi’s arguments that its sports markets should not be considered sports gambling in Connecticut. Judge Oliver denied Kalshi’s motion for a preliminary injunction, ruling that sports-event contracts are not “swaps” under the Commodity Exchan…
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Connecticut judge rejects Kalshi bid to block state gambling laws
U.S. District Judge Vernon D. Oliver denied Kalshi’s request for a preliminary injunction against Connecticut, finding that its sports-event contracts are not swaps under federal commodities law. U.S.- A Connecticut federal judge has rejected Kalshi’s attempt to prevent the state from enforcing its gambling laws again…
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Connecticut court denies Kalshi bid to block state gambling enforcement
Judge rules contracts are not swaps
Read summary →Judge Rejects Kalshi Bid to Block Connecticut Sports Betting Regulation
State Courts Tighten Pressure On Sports Event Contracts Kalshi has lost its bid for temporary relief in Connecticut after a federal… The post Judge Rejects Kalshi Bid to Block Connecticut Sports Betting Regulation appeared first on iGaming Express.
Read summary →Connecticut Judge Finds Kalshi Sports Contracts Are Not Swaps, Rejects Preemption Bid
The federal court decides that Kalshi is unlikely to prevail on either of its central legal arguments, while noting that sports generated up to 90% of the prediction market’s revenue. A Connecticut federal judge has denied Kalshi’s request to block the state from enforcing its gambling laws against the prediction mark…
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Kalshi Loses Injunction Fight as Connecticut Judge Calls Contracts Sports Wagers
Kalshi has taken another hit in court, with a Connecticut judge refusing its request for temporary relief against state regulators. The ruling, delivered Monday, also denied a similar motion from Coinbase, marking a fresh victory for state‑level gambling laws over federally regulated prediction markets. In his August …
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Connecticut Gets Another Win Against Kalshi, Poised to Apply Gaming Laws
The US District Court District of Connecticut has denied a preliminary injunction filed by Kalshi, a prediction market platform, against the state, seeking to halt the state’s attempt to regulate the company under existing gaming laws. Connecticut Wins Lawsuit Against Kalshi – For Now The argument ran on familiar line…
Read summary →Kalshi Relationship Surfaces Concerns About NCPG’s Legitimacy
The National Council on Problem Gambling defends its Kalshi partnership by calling prediction markets the ‘latest evolution of gambling-like platforms.’ Almost three months after the National Council on Problem Gambling (NCPG) announced Kalshi as the first member of its new Financial Services & Trading vertical, quest…
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