Kalshi
Kalshi business and news from across the web.
Latest coverage
Kalshi dishes out its first-ever lifetime ban to George Santos
Kalshi has issued its first-ever lifetime ban to former congressman George Santos. The company stated that Santos did not fully cooperate with their investigation into alleged insider trading.
US appeals court sides with Nevada in legal fight with Kalshi
A US appeals court has ruled in favor of Nevada in its legal dispute with Kalshi. The decision prevents Kalshi from blocking the state's efforts to regulate its trading platform.
CLARITY Act’s odds slide to 10% as Trump hosts Coinbase, Ripple and Wall Street exchanges
The odds of the Digital Asset Market Clarity Act being signed into law have significantly decreased, with predictions now as low as 10%. This comes as President Donald Trump is set to host executives from major crypto exchanges like Coinbase and Ripple, alongside traditional Wall Street players and regulators, for a meeting on August 19th. The bill faces challenges due to disagreements over ethics, restrictions on government officials, and stablecoin rewards, with limited time remaining in the legislative calendar.
FlightAware dropped its lawsuit against Kalshi after just one day
FlightAware has voluntarily dismissed its lawsuit against Kalshi after only one day. The case was dismissed without prejudice against all defendants.
A flight tracking service is suing Kalshi for using its data without authorization
A flight tracking service has filed a lawsuit against Kalshi, alleging that the company is using its data without proper authorization. The core of the dispute centers on the unauthorized use of proprietary flight tracking information.
How a 5-Second Binance Move Turned Polymarket Settlements Into an $8.2M Payday
Researchers from Stanford University and Singapore Management University have identified that 821 accounts exploited settlement windows on Polymarket's prediction markets, extracting $8.2 million through market manipulation. The exploit involved manipulating prices on Binance during settlement windows to ensure favorable contract resolutions. Polymarket has since updated its settlement mechanics to a time-weighted average price (TWAP) to prevent future manipulation, a change that took months of trader complaints and academic research to implement.
Evening Legal Briefs
New York is suing Kalshi, alleging that the financial exchange operates as an illegal gambling operation. The lawsuit claims that Kalshi's offerings violate state and federal laws.
New York alleges Kalshi is running an 'illegal gambling operation' in new lawsuit
New York has filed a lawsuit against Kalshi, alleging that the company is operating an illegal gambling operation. Kalshi, which is headquartered in New York, has previously been sued by multiple other states.
A White House teleprompter operator reportedly won big betting on presidential speeches
A White House teleprompter operator allegedly made over $100,000 by betting on presidential speeches through the Kalshi platform. The specific details of the bets and the speeches involved are not yet clear.
Trump teleprompter operator faces investigation over Kalshi bets on White House statements
A teleprompter operator for Donald Trump, identified as Gabriel Perez, is under federal investigation by the Commodity Futures Trading Commission for allegedly profiting over $90,000 through the predictive market platform Kalshi. Perez reportedly placed contracts on specific words and phrases Trump would use during speeches. Kalshi flagged the trades, leading to an investigation and the freezing of the funds.
Kalshi files for a predictive market product that enables speculation on flight delays at airports
Kalshi has filed for a new predictive market product called "AIRPORTDELAY" with the US Commodity Futures Trading Commission. This product would allow users to purchase contracts speculating on the percentage of flight delays or cancellations at specific airports within a given time period. Kalshi is a prominent platform for speculative markets, having previously partnered with Google Finance and inspired Meta's entry into the space.
Independence Weekend Audio Files
Spotify has confirmed the existence of streaming fraud following accusations made by a trader on the Kalshi exchange. The article details the implications of this confirmation for the music streaming industry.
Best Sports Betting Sites in Texas: Top TX Sportsbooks for 2026 - Walkthrough, Tips, Review
This guide reviews the top offshore sports betting sites available to Texas residents in 2026, as the state currently lacks a regulated market. BetOnline is highlighted as the overall best option, with Bovada noted for prop bets and BetAnything for fast payouts. The article details welcome bonuses, banking options including cryptocurrency, and mobile betting experiences, while also touching on DFS and social sportsbooks as alternatives.
Meta wants to get into the prediction market game
Meta CEO Mark Zuckerberg is reportedly exploring the development of a standalone prediction market app, codenamed Arena. Unlike existing platforms like Polymarket and Kalshi, Arena would utilize a points and ranking system rather than real-money bets. The app would operate independently but leverage Meta's existing social media user base for growth.
Kalshi will require employment info for some bets as an insider trading precaution
Kalshi, a financial exchange, will now require employment information for certain types of bets. This new policy is being implemented as a precaution against insider trading on the platform.
Spain blocks Polymarket and Kalshi as it investigates prediction market platforms
Spanish authorities have blocked access to prediction market platforms Polymarket and Kalshi as part of an ongoing investigation. This action follows similar regulatory attempts by US states, though the federal government has not taken the same stance.
Memorial Day Legal Briefs
The article discusses legal challenges surrounding prediction markets, with Kalshi and Rhode Island suing each other. It also briefly touches upon the legality of the US's significant investment in quantum computing.
Kalshi and Rhode Island sue each other in latest challenge to prediction markets
Kalshi and Rhode Island are engaged in a legal dispute, with each party suing the other. This action by Rhode Island follows similar legal challenges from other states concerning prediction markets.
Kalshi suspended three political candidates from its platform for insider trading
Prediction market Kalshi has suspended three political candidates, Mark Moran, Matt Klein, and Ezekiel Enriquez, for alleged insider trading. The company cited new rules implemented last month to prevent politicians from betting on events they can influence. Moran received a five-year suspension and a fine exceeding $6,000, while Klein and Enriquez settled for lesser fines and shorter suspensions. The article also touches on ongoing lawsuits attempting to regulate prediction markets as gambling.
Google has reportedly started to add Polymarket data to News results
Google has reportedly begun integrating data from the prediction market Polymarket into its Google News results. These integrations appear as large blocks with links to Polymarket, sometimes surfacing as top results for trending topics. While Google announced a partnership with Polymarket and Kalshi for its finance platform in November, the integration into Google News was not explicitly stated.