Kalshi - DigitaCoin Journal

Third Circuit Bars New Jersey from Regulating Kalshi, Affirms CFTC Authority

Editorial courtroom scene with a judge at the bench, Kalshi and CFTC documents on the desk, blurred New Jersey map in the background

Kalshi scored a major legal win when the U.S. Court of Appeals for the Third Circuit ruled 2-1 that New Jersey cannot use state gambling law to block its sports prediction contracts. The decision gives Kalshi a stronger legal foundation to keep offering those contracts in the state while the broader fight over prediction markets […]

Kalshi raises more than $1 bn as valuation doubles to $22 bn, Bloomberg reports

Newsroom scene with an executive in front of monitors showing Kalshi and a bold 22B valuation amid funding and regulatory scrutiny.

Kalshi has secured a new financing round that raised more than $1 billion and lifted its valuation to about $22 billion, marking a sharp jump from the roughly $11 billion level reported in December 2025. The deal, led by Coatue Management, shows that investor appetite for prediction markets remains strong even as the sector faces […]

Ohio judge rules Kalshi’s sports-event contracts are gambling, denies preliminary injunction

Courtroom portrait with judge's bench, gavel, and a sports-event contract symbolizing Kalshi's Ohio ruling.

A U.S. district judge in Columbus denied Kalshi’s request for a preliminary injunction, ruling that the platform’s sports-event contracts fall within Ohio gambling law. The decision gives state regulators room to enforce those rules against Kalshi and weakens the company’s attempt to rely on federal commodities protections.

Tennessee Judge Enjoins State Action Against Kalshi, Finds Sports Contracts Likely Cftc‑regulated Swaps

Editorial image of a judge's bench with a screen displaying Kalshi contracts under CFTC oversight

U.S. District Judge Aleta Trauger issued a preliminary injunction blocking the Tennessee Sports Wagering Council from enforcing state gambling laws against Kalshi’s sports-event contracts. The immediate result is that Kalshi can continue operating in Tennessee while the litigation moves forward.

Kalshi Inks Game Point Capital Deal to Serve Sports Insurance Market as Legal Battles Intensify

Kalshi said that it is teaming up with sports-insurance broker Game Point Capital to bring institutional hedging for team performance bonuses and similar payout risks onto its platform, with Game Point expected to route about $30 million per year through Kalshi. The commercial pitch is straightforward: take a lumpy, event-driven liability that is often handled […]

Polymarket Sues Massachusetts, Citing CFTC Preemption After Judge Bars Kalshi Sports Markets

Judge's gavel and legal papers beside a blurred market screen, illustrating federal-state clash over prediction markets.

Polymarket escalated its fight with state regulators by filing a federal lawsuit on February 9, 2026 in the U.S. District Court for the District of Massachusetts. The company is seeking to block state-level enforcement after a Massachusetts judge ordered rival Kalshi to stop offering sports-event contracts in the state, setting up a high-stakes conflict between […]