(CN) — The Ninth Circuit ruled Wednesday that prediction markets such as Kalshi are likely violating California law by allowing users to wager on sporting events on tribal land. Though sports betting ...

The Trump administration reportedly shut down part of Kalshi’s effort to establish a futures market for AI compute. Citing people familiar with the matter, Semafor reported on Tuesday that the U.S.

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From actor Timothée Chalamet to NFL star Marshawn Lynch, Kalshi is building a roster of celebrities endorsing its platform. Dropping today (Sept. 10), the latest ad features Lynch checking out the ...

The legal standings of speculation markets only gets dumber as Kalshi accidentally made the wrong call in the very state it's being sued by Football Kalshi NCAA Speculation Markets Hell, it’s the long ...

Gambling remains largely illegal in Texas—and Attorney General Ken Paxton has a history of enforcing the state's gambling laws. But as prediction-market companies such as Kalshi fight to operate in ...

Kalshi, one of the fastest growing companies in the world (but also one of the most controversial) calls itself a prediction market, even when many consider it a gambling site. Kalshi was banned in ...

"Kalshi has a gambling problem," the 9th Circuit Court of Appeals wrote last Friday, when it ruled that the Commodity Exchange Act (CEA) did not preempt Nevada from enforcing its gambling laws against ...

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Former New York Rep. George Santos was banned from Kalshi and fined more than $70,000 for allegations of insider trading, according to an announcement from the prediction market platform on Aug. 31.

9th Circuit Says Nevada Can Regulate Kalshi Contracts as Gambling, Creating Circuit Split The appeals court, in a break from a sister circuit, held that sports event contracts are bets—and not “swaps, ...