DeFi Rate authorMike Breen

Court finds Washington is likely to succeed on claims that Kalshi’s event contracts violate state gambling law, while giving the parties until Aug. 3 to propose the injunction’s specific terms.

Underdog launched UDX, the rebranded Aristotle Exchange it bought in March, after self-certifying its first sports contracts and setting fees and a market-maker program.

Kalshi says its surveillance team detected and referred Gabriel Perez’s alleged trades to the CFTC, which is reportedly weighing a settlement with the deputy assistant to the president.

Kalshi CEO Tarek Mansour joined lawmakers at the Capitol as the bill’s lead sponsor praised the company and said rival operators made “every excuse” not to support it.

The Indian Gaming Association is lobbying senators to add sports and casino-style prediction market restrictions and preserve tribal gaming laws as the CLARITY Act enters a pivotal stretch.

The commission ordered Kalshi to settle affected Michigan sports contracts normally after a state court directed the exchange to void and refund them.

The integration, first reported by The New York Times, adds Kalshi-sourced win forecasts to some World Cup match cards but does not allow users to place bets or link directly to Kalshi.

Kalshi Pro gives active traders a customizable platform for monitoring markets, managing orders and trading perpetual futures.

Judges pressed Kalshi on why its CFTC-regulated contracts should be treated differently from sportsbook wagers as three California tribes seek to revive their bid for an injunction.

The Optex Markets LLC filings point to digital asset futures and perpetual futures, not event contracts, as perps become a bigger issue for CFTC-regulated markets.

A federal judge ruled New York gambling laws can apply to Kalshi's sports contracts even if they are swaps, denying its injunction. Kalshi appealed the same day.

The U.S. servicemember accused of using government information to win more than $400,000 on Polymarket says the CFTC lacks authority because the contracts behind the trades were bets, not swaps.

Apptopia data shows prediction market apps continued adding users later in the World Cup, while Kalshi’s tournament winner market topped $1 billion in trading volume.

Justice Samuel Alito gave New Jersey until Aug. 4 to seek Supreme Court review of Kalshi’s Third Circuit win, the first formal SCOTUS filing in the sports prediction market preemption fight.

North Carolina's budget taxes prediction market operators' in-state fee revenue while allowing CFTC-registered platforms to operate, making it the third state with such a tax.

Kalshi says Ohio’s $5 million penalty effort violates the state constitution because the regulator is pursuing the fine through an administrative process without a jury trial.

Kalshi says it will fight a Michigan order blocking its sports contracts, making Michigan the second state after Nevada to force such restrictions.

Kalshi became an official FIFA World Cup partner through a deal with ADI Predictstreet, pairing its record World Cup trading with official FIFA rights.

A CFTC proposal would make event contract reporting relief permanent while requiring exchanges to collect traders' occupation, employer and other identifying information.

Reported talks would nearly double Kalshi’s May valuation after a record stretch that included its first billion-dollar trading days and nearly $9 billion in weekly volume.