Kalshi Market Updates: News, Deals, and Regulatory Insights
Trump Teleprompter Chief Departs White House Following Kalshi Insider Probe
A White House staffer allegedly pocketed over $100,000 via insider trading on the prediction platform Kalshi. Gabriel Perez has now left federal employment.
Legal U-Turn: Federal Judge Blocks Minnesota’s Ban on Prediction Markets
A Minnesota federal judge has granted a preliminary injunction against the state's first-ever ban on prediction markets, stalling the law only days before its August 2026 launch.
Dr. Laila Mintas Plans 365Prediction: Event Contracts as a Trillion-Dollar Market
Former iGaming executive Laila Mintas targets the US prediction market with 365Prediction, citing a potential market size of $1 trillion by 2030.
Judge Blocks Minnesota's Prediction Market Ban, Defying Congressional Intent
A federal judge has halted Minnesota's attempt to ban event contracts. The ruling allows platforms like Kalshi to operate despite warnings from former Senator Chris Dodd.
NFL Challenges US Regulator Over Weak Prediction Market Safeguards
The NFL has criticized the CFTC's proposed rules for prediction markets, demanding stricter bans on manipulable contracts as $30 billion is wagered on the league annually.
Kalshi Threatens Legal Action Over Netflix Prediction Market Documentary
Prediction market giant Kalshi alleges Netflix's new documentary features false information, potentially misleading 320 million viewers.
Nevada Proposes Federal Ban on Unregulated Sports Prediction Markets
Congressmen seek to pass the Prediction Markets are Gambling Act to stop sports event contracts from bypassing state-level gambling oversight and tax laws.
Nevada Halts Kalshi: Prediction Market Faces $120,000 Daily Fines
Nevada regulators have ordered Kalshi to cease operations in the state by August 12. Failure to implement geofencing will result in daily penalties of $120,000.
Prediction Markets Challenge Sportsbooks: $8 Billion NFL Risk Expected
A shift in wagering dynamics is putting pressure on traditional bookmakers. Experts predict Kalshi will carry $8 billion in risk for the 2026 NFL opening week.
End of Backdoor Betting: US Lawmakers Introduce Bill to Ban Prediction Markets
A new bipartisan bill in the US House aims to close federal loopholes that allow prediction markets to bypass gambling regulations, potentially saving states $1 billion in tax revenue.
Prediction Markets Surge: Platform Kalshi Nears Trillion-Dollar Forecasts
Analysts predict that prediction markets could grow to $1.5 trillion by 2030, while tools like Ticker Tracker provide new transparency into billions in volume.
Kalshi Accused of Using Child Protection Bill to Push Gaming Contracts
A new US bill on facial recognition for bettors is drawing criticism. Experts suggest it hides backdoors for gaming expansion, while 36% of young boys admit to gambling.
Prediction Markets Under Pressure: Record World Cup Volumes Meet Legal Battles
While Kalshi recorded $27 billion in trading volume during the World Cup, regulatory pressure in the US and Europe is mounting against event-based betting platforms.
Prediction Markets Under Fire: Why the Financial Loophole for Betting Is Closing Fast
Roman Baranovskyi of SBSB Fintech Lawyers breaks down Portugal's block of Polymarket and the new ESMA stance that could ban binary event contracts across all 27 EU states.
Netflix Documentary Sparks Outrage: Allegations Against Prediction Markets
Netflix is releasing 'The Prediction Games' on July 26. The documentary features $5.6bn in World Cup betting and faces legal threats over alleged Nevada violations.
The $50 Billion Surge: How Prediction Markets Are Reshaping Global Betting
Regulated prediction markets processed a record $50 billion during the 2026 World Cup, marking a 75% increase and a major shift in player behavior.
Betting on Medicine: Kalshi Launches Prediction Markets for FDA Approvals
Kalshi partners with AppliedXL to launch trading contracts for clinical trial outcomes and FDA decisions. Starting July 2026, users can trade on results for major pharmaceutical developments.
World Cup 2026 Records: Prediction Markets Explode with Billion-Dollar Volumes
The 2026 World Cup witnessed massive growth in prediction markets like Kalshi and Polymarket, with billions traded and millions of new users joining the fray.
Kalshi's World Cup Surge: 3 Million New Users Fuel $40 Billion Trading Volume
Prediction market Kalshi saw a massive jump in activity during the 2026 World Cup, capturing a 65% market share of the global prediction sector in June.
Spain exams prediction betting, introduces cross-operator deposit limits
Spain is debating how best to regulate prediction betting under existing gambling laws. Concurrently, the Council of Ministers approved new unified deposit limits, fully effective from March 2027, which could cut player spending by approximately 300 million euros annually.
Underdog Launches In-House Prediction Market Following Aristotle Exchange Acquisition
Underdog, known for daily fantasy sports, has launched its new in-house prediction market platform. This follows the acquisition of CFTC-regulated Aristotle Exchange in early 2026. The offering is available directly within the existing Underdog app, covering sports, culture, and other markets.
Council of Europe plans stricter betting rules after 2026 World Cup
Following the FIFA World Cup 2026, the Council of Europe is preparing to tighten regulations on sports betting and prediction markets. Alain Berset, Secretary General of the Council of Europe, voiced concerns regarding sports integrity.
Prediction Markets: The new wave in gambling
Prediction markets are experiencing a boom, blending elements of financial trading with gambling. Providers like Kalshi reached a valuation of 11 billion US dollars in 2025, generating 263.5 million US dollars in fee revenue.
US Lawmakers Propose Facial Recognition for Online Gambling Age Verification
A bipartisan bill in the US aims to mandate facial recognition for online sportsbooks and prediction markets to verify users' ages. This follows findings that 36% of boys aged 11-17 gambled in the past year.
US Regulatory Dispute: CFTC Forces Kalshi to Honor Michigan Trades Amid State Conflict
The US Commodity Futures Trading Commission (CFTC) has ordered Kalshi to fulfill certain trades in Michigan despite a state court directive to cancel them. This move, on July 15, 2026, escalates the ongoing conflict between federal and state authorities over prediction markets.
US Betting Landscape Shifts: Prediction Markets Challenge Sportsbooks
Nevada's regulated sports betting sector faces increasing competitive pressure from prediction markets expanding across the US. In the first half of 2026, Nevada's sports wagering handle reportedly declined by approximately $249 million.
Prediction Markets Attract Young Men Disproportionately
Prediction markets are a multi-billion dollar industry, experiencing rapid growth, especially among young men. A study reveals 71% of users are male, and 26% of American men aged 18-24 use these platforms.
Kalshi Pro: Prediction Markets Turn into High Performance Trading for Traders
Kalshi launches Kalshi Pro, a specialized platform for high-volume traders on prediction markets. This follows Kalshi's recorded trading volume of over $500 million on a Super Bowl Sunday.
Michigan: Court Extends Kalshi Sports Contracts Ban, Threatens Escalated Fines
A Michigan judge has extended the temporary ban on Kalshi's sports contracts. Non-compliance could result in daily fines of $0.5 million, a 317% increase.
US Prediction Markets: Bubble Threat and Regulatory Chaos
US prediction markets are booming, but their legal classification remains contentious. Millions, such as the over $54 million on Kalshi's "Ali Khamenei out as Supreme Leader?" market, show potential yet also risks.
Kalshi Hires Former DraftKings Executive for VIP Trading Unit
US prediction markets platform Kalshi strengthens its team by appointing Dillon Borgida, formerly of DraftKings, to lead a new unit for high-value traders. Borgida generated billions in revenue during his four years at DraftKings.
ChatGPT Displays Betting Odds for 2026 FIFA World Cup
OpenAI integrates odds from US bookmaker Kalshi directly into ChatGPT. For specific queries like "France vs Spain World Cup," users see percentage winning probabilities, for example, 59-60% for France.
Michigan Extends Ban on Kalshi Sports Betting Contracts
A Michigan judge has extended the temporary ban on Kalshi's sports event contracts. The company has until August 12 to implement geofencing technology, or face daily fines of $500,000.
Ninth Circuit Grapples with Kalshi's Sports Betting Comparisons in Tribal Appeal
A US appeals court is again examining whether Kalshi's sports event contracts constitute conventional wagers, pressured by tribal nations who argue these prediction markets threaten their gaming revenues, which exceeded $43 billion nationally in 2023.
Matchbook and the Rise of Prediction Markets: An Industry Shift
Matchbook, a traditional betting exchange, repositions itself as an infrastructure provider for the rapidly growing prediction market sector. Monthly volumes in this segment surged from under $5 billion in mid-2025 to around $24 billion in April this year.
US Politician George Santos Under Scrutiny for Kalshi Trades
Former U.S. Representative George Santos is reportedly facing federal scrutiny over his trading activities on the prediction platform Kalshi, linked to bets on his attendance at a state address.
US Prediction Markets Under Scrutiny: Kalshi Under Pressure, Billion-Dollar Business Grows
US prediction markets face turbulent times. Kalshi's New York defeat and new tax initiatives shape an industry that hit over $50 billion in trading volume in June 2026.
Ex-CFTC Nominee Brian Quintenz Joins Prediction Markets Coalition as Senior Adviser
Brian Quintenz, whose nomination to chair the US financial regulatory agency CFTC was withdrawn last year, has joined the Coalition for Prediction Markets as a senior adviser. This lobbying group advocates for broader acceptance of prediction markets in the US, supported by companies like Kalshi and Coinbase.
North Carolina Raises Sports Betting Tax, Adds Prediction Market Levy
Governor Josh Stein has signed a budget into law that increases the sports betting tax from 18 percent to 23 percent and introduces a new six percent levy on prediction markets like Kalshi. These changes will take effect on January 1, 2027.
Kalshi and ADI Predictstreet: More Appearance than Reality in World Cup Partnership?
The collaboration between Kalshi and ADI Predictstreet for the 2026 FIFA World Cup is less comprehensive than previously believed. ADI Predictstreet attracted only $422,491 in volume for the USA vs Belgium match, while Kalshi recorded $17.3 million.
Prediction Markets Boom: $50 Billion in June Revenue Driven by World Cup
Prediction markets reached over $50 billion in trading volume in June. The FIFA World Cup was a key growth driver for the industry.
US Judge Denies Kalshi Injunction: Federal Law Does Not Preempt Gambling Laws
A federal judge in New York denied Kalshi's motion for a preliminary injunction. She ruled that state gambling laws are not preempted by federal commodity regulations, strengthening states' positions in regulating 'prediction markets'.
Sports-First Startups Invade Prediction Market: Is the Sports Betting Industry in Trouble?
New players are entering the trillion-dollar prediction market in 2026 with sport-focused products. Experts like Laila Mintas of 365Prediction and Dean Sisun of ProphetX see traditional sports betting operators at risk.
Prediction Markets in Court: Regulatory Pressure Mounts, World Cup Bets Soar
Courtrooms are hotbeds for prediction markets this week, while the World Cup continues to drive record sports betting revenue. Kalshi's World Cup markets have already surpassed the 1 billion dollar mark.
Norway Grapples with Inside Trading on Prediction Markets
Prediction markets, once niche products, are booming. Their monthly trading volume surged from under 100 million US dollars in early 2024 to over 13 billion US dollars by late 2025. This rise alarms regulators, especially in Norway.
Michigan Stops Kalshi: Court Order Against Unlicensed Gambling
A Michigan court has issued a temporary restraining order against KalshiEX, LLC, prohibiting it from offering sports betting to Michigan residents. Non-compliance carries a daily fine of $120,000.
Kalshi's Detour to World Cup Visibility: A Backdoor for Global Presence
Kalshi used a sublicensing model for World Cup visibility after FIFA demanded $150 million for official partnership.
US States Increase Pressure on Prediction Markets: New Taxes and Conflicts
North Carolina and New Jersey introduce new taxes on prediction markets. States lose over $600 million annually in tax revenue from unregulated prediction markets.
Judge Orders Kalshi to Halt Sports Betting Offerings in Michigan
A Michigan judge has instructed Kalshi to cease offering contracts on sporting events. The company, known for its prediction markets, must immediately halt these activities in the US state.
Judge Halts Sports Betting Contracts in Michigan: Kalshi Must Geoblock
A Michigan judge has ordered Kalshi to cease sports betting contracts for two weeks and implement geoblocking. This represents a significant step in gambling regulation.
Donald Trump Jr. Received Kalshi Stake: What it Means for the Industry
Donald Trump Jr. was gifted a $300,000 equity stake in the prediction market platform Kalshi. The company is now aiming for an astonishing $40 billion valuation.
Gambling in Flux: North Carolina, World Cup Trading, and Kalshi in Focus
A look at international gambling markets reveals current challenges for players in North Carolina, a booming World Cup trading, and the rise of the Kalshi platform.
Kalshi and ADI Predictstreet: New betting era for FIFA World Cup
A fresh collaboration aims to revolutionize the prediction market. Fans worldwide will find new ways to engage with the World Cup. This could impact the German market, but not as many might think.
US States vs. Prediction Markets: CFTC and Kalshi Fight Back
Kentucky and Illinois face legal backlash. New tax laws for prediction markets spark fierce resistance. This raises questions about novel financial products regulation.