Topic
kalshi
14 stories
Kalshi denies CFTC investigation, calls repetitive ether trades a liquidity-program artifact
Kalshi says the CFTC has not contacted it and no formal examination exists, disputing WSJ reporting that regulators were reviewing near-identical trades in its ether perpetual market.
Repeating fixed-dollar trades made up most of Kalshi's crypto perp volume, CoinDesk data shows
A CoinDesk analysis of Kalshi's public trade records found a handful of recurring fixed-dollar trade sizes made up more than half the volume on its bitcoin and ether perpetual-futures markets, raising questions about how much real activity underpins the figures.
Kalshi's crypto perps draw wash-trading accusations; its product lead says the volume math is being misread
A quant analyst accused Kalshi's new crypto perpetual futures of wash trading, citing a 174-to-1 volume-to-open-interest ratio and repetitive $5,500 trades; Kalshi's product lead said the figures reflect a standard payout-based volume convention, not fake activity.
CFTC moves to dismiss CME's perpetual-futures suit, calling it "much ado about nothing"
The CFTC has asked a federal judge to throw out CME's lawsuit over its approval of crypto perpetual futures, arguing the exchange can't show any concrete financial harm.
Kalshi hands George Santos its first-ever lifetime ban for betting on himself
Kalshi permanently banned former U.S. Representative George Santos and fined him roughly $71,000 for trading on, and making misleading public statements about, his own attendance at Trump's State of the Union address.
Ninth Circuit says Nevada can regulate Kalshi's sports contracts, splitting with an earlier ruling and pointing toward the Supreme Court
The Ninth Circuit ruled on August 28 that Nevada's gaming laws likely apply to Kalshi's sports event contracts, rejecting the argument that federal commodities regulation preempts the state and deepening a court split over who governs prediction markets.
Kalshi's Form D shows $1.12 billion sold since April — and $380 million still unsold
A Form D filed Tuesday with the SEC shows prediction market Kalshi has sold $1.12 billion of equity since April 3, with roughly $380 million left unsold under the same notice.
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.