Kalshi Lands Exclusive Prediction Market Deal With US Open
The agreement, finalized after qualifying rounds, gives the platform sole rights and blocks rival advertising at the venue and on television
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Baltimore Sues Kalshi and Polymarket Over Unlicensed Sports Contracts
City alleges prediction market platforms and distribution partners offered illegal sports wagering without Maryland licenses and misled residents on regulatory status
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CFTC Warns Prediction Markets Against American-Style Gambling Odds
Federal regulator tells platforms to drop moneyline formatting amid intensifying state challenges over sports event contracts
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EU Regulators Warn of Rising Impersonation Scams After MiCA Licensing Deadline
Fraudsters pose as watchdogs and crypto firms to target users forced to move assets from unlicensed platforms following the July 1 cutoff
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Dubai Crypto Hub and Iranian Gambling Network Moved $4 Billion to Dodge Sanctions
An unlicensed exchange processed billions in digital assets linked to illegal betting sites, the central bank and entities tied to the Revolutionary Guards
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New York Sues Kalshi Seeking $36 Billion Over Alleged Illegal Gambling
Attorney General Letitia James and Governor Kathy Hochul filed suit claiming the prediction market runs an unlicensed gambling operation, seeking a halt to contracts and massive penalties
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Vietnam Imposes Steep Fines on Unlicensed Crypto Trading Ahead of Regulated Market Launch
Vietnam has enacted new penalties for trading digital assets on unlicensed platforms, with fines reaching up to $1,900 for individuals as the country prepares to roll out a pilot regulated crypto market starting in September
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Judge Denies Kalshi Bid to Block New York Gambling Law Enforcement
A federal judge rejected Kalshi's request for a preliminary injunction, allowing New York regulators to enforce state gambling laws against the platform's sports event contracts. Kalshi has filed an appeal
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Spain Enforces Strict MiCA Deadline With No Extensions for Crypto Firms
Spain’s CNMV has confirmed that crypto companies without MiCA licenses by July 1 will face no waivers or delays, requiring them to halt new operations in the EU market
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Kalshi Eyes IPO as Prediction Markets Hit Mainstream Finance
Kalshi, a leading prediction market platform, is in early talks with investment banks for a potential public listing after its annualized revenue exceeded $2 billion, even as regulatory challenges over sports contracts intensify
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