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The Latest Breaking News from Kalshi

Is Trump Being Forced Out Under The 25th Amendment? Calls To Oust The President Rise Amid Intensifying Scrutiny

Donald Trump's Easter Sunday post targeting Iran has led to increased calls for the 25th Amendment, reflecting a growing political crisis.

International Business Times UK

Prediction markets challenge tribal casinos’ hard-won place in US gambling

At the Indian Gaming Association’s annual convention in San Diego this week, two words have dominated the agenda: Prediction markets

The Independent UK

US government sues Illinois, alleging unlawful efforts to regulate prediction markets

Booming prediction market sites, such as Kalshi and Polymarket, face scrutiny from states and Congress

The Guardian - US

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Prediction markets caught insider traders in real time. Congress wants to shut them down anyway

Blockchain-based platforms Polymarket and Kalshi are doing what Wall Street regulators never could—leaving a public, immutable trail of suspicious trades.

Fortune

Prediction markets have sparked a golden age of insider trading—but the party may be coming to an end

Suspicious wagers on everything from U.S. military actions to MrBeast episodes have finally roused officials to take action.

Fortune

New top federal enforcer has his sights set on ending insider trading in prediction markets

“We will aggressively detect, investigate, and where appropriate, prosecute insider trading in the prediction markets,” said CFTC director of enforcement David Miller.

Fortune

Paradigm, a major investor in Kalshi, is building its own prediction markets trading terminal, sources say

The longtime crypto venture firm has invested three times over into Kalshi, and Paradigm’s managing partner Matt Huang is on the startup’s board.

Fortune

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How polling failures, gambling legalization and political gridlock paved the way for the explosive rise of prediction markets

Though prediction markets have been legal in the U.S. for less than 18 months, they can’t stop making news and making money.

The Conversation

‘I’m signing an executive order’: Gavin Newsom just pulled a president-worthy move, and Donald Trump won’t recover anytime soon

California Governor Gavin Newsom is signing an executive order today that bans state officials with insider information from betting on prediction markets. This move directly expands existing ethics rules, prohibiting state appointees from using non-public information to enrich themselves or their family members through these fast-growing platforms. The order takes…

The Mary Sue

I’m signing an executive order’: Gavin Newsom makes his first president-worthy move, and it’s a direct slap in Donald Trump’s face

The public will always lose out to the Trump clan.

We Got This Covered

Polymarket opens pop-up bar for in person bets - but its first night was a bust

Polymarket’s ‘Monitoring the Situation’ bar was a three-day pop-up event in Washington, D.C.

The Independent UK

Kalshi and Polymarket rush to ban insider trading as senators move to curb prediction markets

Kalshi and Polymarket are tightening their rules on insider trading as Congress appears to be moving closer to cracking down on prediction markets

The Independent UK

DraftKings Stock Is Challenging Its 20-Day Moving Average as Lawmakers Push to Limit Prediction Markets. Should You Chase the Rally Here?

DraftKings shares gain as U.S. lawmakers introduce a bipartisan bill to ban sports betting on prediction markets. Here’s why that warrants buying DKNG stock.

Barchart

Kalshi takes a page from Warren Buffett’s March Madness playbook by offering $1 billion for a perfect bracket

For less-than-perfect brackets, Kalshi is promising $1 million to the user who correctly guesses the most winners.

Fortune

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The Independent UK

Move to ban sports betting on prediction sites sees bipartisan support

IN FULL

The Independent UK

Senators want to ban sports betting on prediction sites like Polymarket and Kalshi: report

Sens. Adam Schiff and John Curtis want to prevent the apps from allowing sports betting as the practice becomes more integrated in professional leagues

Fortune

Early Kalshi employees raising up to $35 million for a prediction market VC fund with backing from the CEOs of both Kalshi and Polymarket

Other investors include Marc Andreessen through the fund Moneta Luna and Micky Malka of the fintech investment firm Ribbit Capital.

The Independent UK

Trump impeachment odds reach record high on betting sites

IN FULL

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The Independent UK

Trump impeachment odds soar to record high 69% on popular online betting platform

This figure has steadily risen over time, growing from 33 percent the week after the election to 59 percent after his inauguration

Fortune

Kalshi locks in $22 billion valuation, gaining slight edge over its fierce rival Polymarket

The startup has doubled its valuation in about two months.

Fortune

'A month ago, no one would have believed this': June Fed rate hike odds just surpassed rate cut odds as stagflation fears grow

The Atlanta Fed’s Market Probability Tracker places the odds of a rate hike at about 15% within the next three months.

The Independent UK

MLB partners with Polymarket, makes integrity pact with federal commission on prediction markets

Major League Baseball is entering an official partnership with Polymarket and has an agreement with the federal commission overseeing prediction markets to collaborate on integrity concerns

Fortune

Mick Mulvaney: Stop calling it a 'prediction market.' It’s sports betting

The former White House chief of staff says it's time to call the illegal gambling operation, run through a regulatory backdoor, what it really is.

International Business Times

Arizona Charges Kalshi in Crackdown on Alleged Illegal Gambling

The web-based prediction market platform Kalshi is facing criminal charges brought by the state of Arizona for operating an alleged illegal gambling business, allowing users to bet on elections.

The Independent UK

Marshall drops plans to eliminate women's swimming and diving a week after student-led lawsuit

Marshall has dropped plans to eliminate its women's swimming and diving program

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