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The Latest Breaking News from Kalshi

Arizona hits Kalshi with criminal charges, escalating fight between states and prediction markets

Arizona has become the first state to file criminal charges against Kalshi, accusing the prediction market platform of operating an illegal gambling business within its borders

The Independent UK

McDonald's newest $3 value menu is sounding an alarm about America's K-shaped economy

The fast food giant's affordability push comes as lower-income consumers pull back on spending.

Fortune

Why Prediction Market Kalshi Refused to Pay Out $54 Million Following Ayatollah Ali Khamenei's Death

Kalshi is under fire for not paying out $54 million to traders who bet on Ayatollah Khamenei's removal, raising questions about prediction market rules.

International Business Times UK

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Kalshi announces $1 billion jackpot for a perfect March Madness bracket

‘You probably won’t win this contest,’ said the online betting company in a severe understatement

The Independent UK

Betting on 5-minute swings on Bitcoin price are the hot new thing on prediction markets

As Kalshi and Polymarket balloon in popularity, so too do quick-hit bets on crypto.

Fortune

Trump gives JD Vance a job: Go find ‘fraud’ in Democrat-led states like Minnesota

Trump will sign order tasking Vance with overseeing partisan initiative aimed at punishing states with Democratic governors

The Independent UK

Palantir Is Now a Sports Betting Stock. Does That Make PLTR a Buy Here?

Palantir still looks like a richly valued core AI infrastructure name where the sports-betting angle is a nice add-on — worth holding or buying on pullbacks, but not chasing blindly at more than 150 times forward earnings.

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Utah’s anti-gambling tradition meets Kalshi and Polymarket in a new legal fight

Utah has found itself at the forefront of a states' rights battle between itself and prediction markets like Kalshi and Polymarket

The Independent UK

Top Trump official is new frontrunner for 2028 presidential election

IN FULL

The Independent UK

Betting markets have a new favorite for the 2028 presidential election

Questions are mounting about who could run for the White House in 2028

The Independent UK

Polymarket taps Palantir AI to police sports betting before it's too late

The move is a reversal of the company’s previous stance that the platform could self-police.

Fortune

Gamblers can now bet on the outcome of wars – and that’s a problem

The growing threat of conflict in the Middle East last week prompted a flood of activity in a little-known area of betting: prediction markets in which users can bet on a particular military action.

The Conversation

Betting on nuclear war: what are prediction markets and could they come to the UK?

The lowdown on Polymarket and Kalshi, the pitfalls and the odds on US-style exchanges taking off in Britain

The Guardian - UK

Kalshi caught up in firestorm of controversy over bets placed on death of Iran’s Ayatollah Ali Khamenei

The predictions market says promotion was ‘grammatically ambiguous’ and misunderstood by customers, reiterating that it ‘does not offer markets that settle on death’

The Independent UK

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Roll Call

Life After Congress: A prediction market duo

Sean Patrick Maloney and Patrick McHenry didn’t see eye to eye in Congress — but they’re united on this.

Fortune

NBA star's partnership with a prediction market raises new questions for a troubled sports betting landscape

The NBA star announced he would become a shareholder in the largest U.S> prediction market.

The Independent UK

Millions of dollars placed on prediction markets after US airstrikes on Iran as global unrest provides get-rich-quick opportunities

Bettors have placed more than $36M worth of wagers on whether or not there will be a regime change in Iran

International Business Times UK

Nancy Guthrie Case: Backlash Erupts as $188,000 Wagered on Kidnap Arrest

As Polymarket users wager over $188,000 on an arrest in 84-year-old Nancy Guthrie's disappearance, critics warn prediction markets are profiting from a live case.

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We Got This Covered

‘Tax nerd’ risks it all betting against Elon Musk’s promises, and the numbers vindicated him in the end

He knew what he was doing.

The Independent UK

MrBeast’s editor suspended by prediction market after ‘near-perfect trading success’

The editor failed to cooperate with Kalshi’s investigation into the alleged insider trading, according to the company

Fortune

Kalshi fines MrBeast employee $20,000 for insider trading, cofounder issues salty warning to others

Kalshi also fined a political candidate, and its cofounder issued an off-color warning to others thinking of insider trading.

The Conversation

Everything can be a bet now – the rise and risks of prediction markets

Yes or no? It’s a simple question that now drives more than US$13 billion (£9.7 billion) a month on prediction markets – companies like Polymarket, PredictIt and Kalshi.

The Independent UK

These phrases have the biggest betting odds to come up during tonight’s State of the Union

There’s a better-than-not chance he will mention aliens, AI and hockey, according to an online prediction market

Fortune

Sports-focused prediction market Novig raises $75 million to challenge Kalshi and Polymarket

Novig’s Series B values the startup at $500 million with backing from Pantera Capital, Multicoin, and Forerunner.

The Independent UK

Trump administration backs Kalshi, Polymarket as states move to ban prediction markets

The Trump administration has backed Kalshi and Polymarket in a court fight over whether prediction markets constitute gambling

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