Topic
kalshi
7 stories
CFTC declares a market emergency at Kalshi's request — and orders the exchange to keep trading
The CFTC invoked emergency authority on August 11 to order Kalshi to keep operating, twelve days after New York's attorney general sued to bar the exchange's event contracts nationwide and sought more than $36 billion.
The World Cup's $20 billion prediction-market number is real. The framing around it isn't.
Chainalysis says the 2026 World Cup drove $20 billion in prediction market volume across 400,000 wallets, but only $5.7 billion of it landed during the tournament, and the firm hasn't said which platforms it counted.
CFTC fines George Santos $35,000 for trading an event contract on whether he would show up to the State of the Union
The CFTC settled with former Rep. George Santos on July 31 over trades in a Kalshi event contract on his own State of the Union attendance, imposing disgorgement, a penalty and a three-year trading ban.
CFTC tells prediction markets to stop filing cookie-cutter event contracts
The CFTC issued a second advisory in recent months warning prediction-market operators like Kalshi and Polymarket to stop filing broad, template-style event-contract self-certifications instead of detailing each product.
CFTC Overrides Michigan Court, Orders Kalshi to Settle Cancelled Trades
The CFTC on July 14 stayed a KalshiEX emergency rule change and invoked emergency authority to force the exchange to settle trades a Michigan court had ordered cancelled, escalating a national fight over who regulates prediction markets.
Prediction markets hit $50B in World Cup's first month as sportsbook apps fade
Prediction markets Kalshi, Polymarket and Robinhood's Rothera cleared a combined $50 billion in monthly volume during the 2026 World Cup's first month, drawing first-time and female bettors as traditional sportsbook apps faded.
CFTC Escalates Multi-State War Over Prediction Markets, Suing Kentucky and New Mexico to Assert Exclusive Federal Jurisdiction
The CFTC has gone on the offensive, suing New Mexico and Kentucky in federal court to assert exclusive federal jurisdiction over prediction markets like Kalshi against state gaming laws.