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A federal appeals court ruled on Apr. 6 that Kalshi can keep offering sports-related event contracts in New Jersey, with the majority holding that those markets fall under the Commodity Futures Trading Commission rather than state gambling regulators. The decision gives the company its strongest cou

Intercontinental Exchange completed a $600 million investment in Polymarket on March 27, bringing its total stake to $1.6 billion and fulfilling the commitment made in October 2025. The New York Stock Exchange parent company also plans to purchase up to $40 million in securities from existing holder

Prediction market platform Kalshi has raised more than $1 billion in a new funding round valuing the company at $22 billion - double its December valuation - with Coatue Management leading the deal. The transaction comes the same week Arizona's attorney general filed 20 criminal misdemeanor charges

Arizona Attorney General Kris Mayes filed 20 criminal misdemeanor counts against KalshiEx LLC and Kalshi Trading LLC on Tuesday, accusing the prediction market platform of operating an unlicensed gambling business and accepting illegal election wagers from Arizona residents. Arizona appears to be th

Prediction markets are signaling a sharp shift in expectations for the 2026 U.S. midterm elections, with traders on the regulated exchange Kalshi now assigning an 85% probability that Democrats will win control of the U.S. House of Representatives, the highest level recorded on the platform. What Ha