Tag: Kalshi

Kalshi Sues Minnesota Over Prediction Market Ban

Courtroom gavel, server rack, and Minnesota silhouette illustrating Kalshi's federal vs state prediction market challenge.

KalshiEX filed a federal complaint in Minnesota seeking declaratory and injunctive relief against state officials over a new prediction-market ban. The lawsuit argues Minnesota is trying to regulate federally supervised event contracts as illegal wagering, directly conflicting with the Commodity Exchange Act and the CFTC’s claimed exclusive jurisdiction over designated contract markets.

Spain Orders Temporary Block of Polymarket and Kalshi

Newsroom desk with Spanish regulatory document and a laptop showing access blocked.

Spanish authorities opened sanction procedures on May 26, 2026, and ordered a provisional block of Polymarket and Kalshi, saying both platforms operated in Spain without the licences required under national gambling law. The move treats prediction markets as gambling products, creating immediate access and compliance consequences inside Spain.

Kalshi Backs New Lobbying Group for Prediction Markets

Policy briefing with suited executives around a table, Americans for Fair Markets banner, prediction-market regulation.

Kalshi has backed the launch of Americans for Fair Markets, a new lobbying group created to advocate for prediction markets as federal scrutiny intensifies. The move signals a coordinated industry push to shape regulation, public perception and the legal treatment of event-based contracts.

Kalshi Hits $22B Valuation as Institutions Flood Prediction Markets

Finance professional in a modern office with Kalshi branding on screens and a rising chart signaling Series F funding

Kalshi has confirmed a $1 billion Series F led by Coatue Management, lifting its valuation to $22 billion and cementing its position as the dominant U.S. prediction-market platform. The raise marks a sharp institutional pivot into event-based trading, with investors betting that contracts tied to real-world outcomes can become a major new derivatives category.

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 […]

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 […]