Tag: Kalshi
Kalshi says its ‘odds’ hats and ‘bet’ ads don’t make it a gambling app
Josh Sterling, a lawyer for Milbank who represents Kalshi in ongoing federal litigation, argued at a gaming conference last week that... more
Legal doctrine addressing ‘obnoxious’ lawmaking may factor in prediction-market litigation
A legal doctrine described by the Supreme Court as “obnoxious” almost 90 years ago has emerged in the lawsuit between Kalshi and New... more
Tribal leaders talk California’s move against DFS and sweepstakes operators
As the California Senate advanced a measure this week to curtail online sweepstakes operators and Attorney General Rob Bonta issued an... more
Tribes say a new U.S. Supreme Court decision strengthens argument in New Jersey-Kalshi case
A new U.S. Supreme Court (SCOTUS) decision gives further weight to an amicus brief filed in the Kalshi vs. New Jersey case now before the... more
Kalshi hits $2 billion valuation after latest funding round
Tarek Mansour, CEO of prediction platform Kalshi, announced in an X post that the company has closed a US$185 million funding round and is... more
Tribes file amicus brief in Kalshi-Maryland lawsuit
A group of 27 federally recognized tribes and seven tribal associations has stepped into the legal fight between Kalshi and the state of... more
Upstart prediction market leader Kalshi has invaded sports betting. Here’s why it matters to Nevada
Nevada’s gaming companies have invested millions of dollars in their sportsbooks since casinos took their first sports wagers in 1949.... more
Thirty-four states backing New Jersey in its federal fight with Kalshi
A coalition of 34 states, along with D.C. and the Northern Mariana Islands, is urging a federal appeals court to reject what they describe... more
Tribes: Kalshi ‘tramples’ on sovereignty, exclusivity
Writing that allowing Kalshi and other prediction markets to offer sports event contracts that mimic sports betting will “have a... more
FanDuel, Kalshi have discussed a deal: report
FanDuel has discussed a deal with the upstart trading exchange Kalshi that would include various betting efficiencies, Front Office Sports... more
