Prediction market operator Kalshi has raised about $1.12 billion through an equity offering that began in April, a new securities filing shows, adding another piece to a rapid fundraising cycle…
Federal-State Fight Over Prediction Markets Escalates as CFTC Orders Kalshi to Honor Michigan Trades The legal battle over prediction markets in the United States entered a new phase after the…
Wisconsin Department of Justice has filed lawsuits against a group of fintech and crypto platforms, accusing them of facilitating illegal sports betting through the offering of so-called “event contracts,” according…
The ruling didn’t settle the fight. It just moved it to a bigger stage. This week, Kalshi picked up a key win at the United States Court of Appeals for…
Prediction markets like to say they’re not casinos. They’re exchanges. Information markets. Probabilities with price discovery. This week, Kalshi tried to prove it — not with a marketing campaign, but…