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A disciplinary notice posted Monday bans George Santos from Kalshi for life and fines him $71,356 over his State of the Union trades. The exchange found Santos profited $17,839.57 on markets he was barred from trading between Feb. 2 and ... Read More
Read moreKalshi cannot offer, accept or advertise elections, politics, sports, entertainment, culture, tech or mentions contracts in Washington. The order expressly excludes commodities, climate, economics and finance…
Read moreCFTC staff said pricing event contracts in bookmaker-style American odds is likely to mislead traders about the transaction. A contract quoted at 62 cents implies a…
Read moreOnline casino and sports betting taxes produced $117.9 million in fiscal 2025, out of more than $600 million from licensed gambling. The comptroller’s analysts see no…
Read moreKalshi trade data will feed Comply’s surveillance platform, which more than 5,000 financial firms use to police employee trading. Kalshi opened more than 150 insider-trading investigations…
Read morePolymarket is in talks to raise about $1 billion at a valuation above $20 billion. The April round valued the company at $15 billion, making the…
Read moreThe petition asks a judge to bar Kalshi from operating in New York unlicensed and impose three times its gains. New York also seeks $100,000 for…
Read moreJudge William Griesbach rejected the CFTC’s bid to keep Wisconsin’s gambling laws off five prediction market platforms. The court found the agency unlikely to prove sports…
Read moreThe $35 million round was led by Parlay Capital and Data Point Capital, with proprietary trading firms among the investors. Partner brands supply the audience while…
Read moreStaff named election outcomes arising from a single ballot among the series that could qualify for class certification. CFTC staff told exchanges July 24 to stop…
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