Kalshi | Crypto

Solana trades near $101 amid World's prediction market expansion and the upcoming Alpenglow upgrade. Full price analysis and key levels inside. The post First Solana Came For Meme Coins: Now Solana is Coming For Polymarket and Kalshi appeared first on Cryptonews.

The expansion gives institutional and automated traders real-time access to Kalshi’s political markets as election betting activity continues to grow. DoubleZero, a network for high-speed data distribution, has added real-time data from Kalshi’s election and politics markets as prediction market trading picks up ahead of the US midterm elections in November. The expansion adds Kalshi’s election contracts to DoubleZero Edge, which already carries data from the prediction market’s sports contracts and crypto perpetual futures, according to a Wednesday announcement. The feed includes top-of-book and trade data, along with aggregated order book data from Kalshi’s election markets. Andy Ross, head of institutional at Kalshi, said the integration is intended to make political market data easier to incorporate into institutional workflows as expectations shift around election outcomes. Read more

The preliminary injunction lasts until final order, adds a futures broker notice duty and lands amid an appellate split. The post Kalshi faces $500,000 daily fines as Michigan forces sports event contracts offline appeared first on CryptoSlate.

Kalshi’s US web traffic climbed more than 1,500% in less than a year, while trading volume grew even faster and legal scrutiny of its sports contracts intensified. Major prediction market platform Kalshi has seen its US web traffic explode over the past year, underscoring the platform’s rapid growth while regulators and courts scrutinize its expanding event-contract business. Kalshi recorded 15.4 million visits from the United States in July, up about 1,520% from just under 1 million in August 2025, according to Similarweb traffic estimates reviewed by Cointelegraph on Friday. US traffic accounted for nearly 80% of Kalshi’s traffic in July, up from 72.8% in August 2025, showing that its growth has remained heavily concentrated in the country. Read more

Kalshi previously said it had been placed in an “impossible position” after federal authorities directed the company to ignore a Michigan restraining order issued in June. Update (Sept. 3, 9:20 pm UTC): This article has been updated to include a statement from Kalshi. Michigan’s attorney general announced that a state court had ordered a preliminary injunction against Kalshi, blocking the prediction markets platform for residents amid what officials called “sports betting [...] masquerading as an investment opportunity.” In a Wednesday notice, Attorney General Dana Nessel said that the Circuit Court for the 30th Judicial Circuit in Ingham County approved an order blocking Kalshi from offering event contracts to state residents. The company could be fined up to $500,000 per day for violations. Read more

The reported contract could eliminate expiry while leaving traders exposed to an oil market that still closes. The post Kalshi’s new oil contract promises non-stop exposure, but a hidden flaw could expose traders to massive weekend shocks appeared first on CryptoSlate.

Kalshi reportedly plans to file for approval of a WTI crude oil perpetual futures contract that would trade around the clock five days a week without an expiration date. Prediction market operator Kalshi will reportedly seek regulatory approval for a West Texas Intermediate (WTI) crude oil perpetual futures contract that never expires. The contract could be filed with the Commodity Futures Trading Commission (CFTC) as soon as next week, a person familiar with the matter told Bloomberg. It would trade 24 hours a day, five days a week, according to Reuters. If approved, it would be the first oil-linked perpetual futures product to trade on a regulated US platform. Read more

The prediction platform permanently banned George Santos and issued a three-year suspension for Laurie Buckhout after investigations into using insider information on event contracts. Prediction market platform Kalshi announced action against US House of Representatives candidate Laurie Buckhout and ousted Republican lawmaker George Santos over using insider information for trading on event contracts, in one of the first lifetime bans the company has imposed since its launch in 2021.  In separate notices of settlement of disciplinary action announced on Friday, Kalshi’s compliance department said it had permanently suspended Santos from trading on the prediction markets platform and imposed a $71,356 penalty. Buckhout received a three-year suspension and a $2,590 penalty. Both restrictions by Kalshi were made in response to investigations into Santos and Buckhout trading using event contracts that could be manipulated by their own actions. According to the platform, Buckhout, running in North Carolina’s 1st c...

The Form D lists 71 investors and says Kalshi is relying on an exemption that allows certain private offerings without SEC registration. Prediction market operator Kalshi disclosed that $1.12 billion has been sold under a $1.5 billion equity offering that began in April, according to a filing with the US Securities and Exchange Commission (SEC). The Form D, filed Tuesday, lists 71 investors and identifies April 3 as the date of the first sale. About $380 million remains to be sold under the offering. The filing identifies the securities as equity and says Kalshi is relying on Rule 506(b) of Regulation D, an exemption that allows companies to sell securities without registering them with the SEC, subject to certain requirements. Read more

Washington state is cut off for Kalshi customers while the company combats the development in court and its federal regulator keeps pursuing new rules.

Kalshi’s crypto perpetual futures hit $17.98 million in daily open interest, highlighting regulated leverage and risks distinct from prediction markets. The post Kalshi’s Crypto Perpetual Futures Reach $17.98 Million Open Interest appeared first on Cryptonews.

Kalshi must implement initial geofencing by Aug. 19 and a GeoComply multi-source geofencing system by Sept. 2. A Washington state judge has ordered prediction market platform Kalshi to stop offering a broad range of event contracts in the state, rejecting its argument that federal commodities law preempts Washington gambling law. King County Superior Court Judge John McHale barred Kalshi from offering contracts tied to sports, elections, politics, entertainment, culture, tech and science, and “mentions.” Contracts involving commodities, climate, economics and finance are exempt. “We’re holding Kalshi accountable for running an illegal gambling operation,” Washington Attorney General Nick Brown said Thursday on X, citing a recent court ruling.  Read more

Kalshi and Polymarket are offering bets on winners, spreads, totals, and player stats, but Baltimore says they lack the required licenses.

The federal order preserves trading, but the regulator’s explosive description of New York’s TRO request is not a final ruling. The post A $36 billion lawsuit just turned Kalshi’s $40 billion valuation race into a federal market emergency appeared first on CryptoSlate.

Following the initial lawsuit, at least one of Kalshi’s event contracts was changed to list “Primary Source Agency” as the entity behind verifying flight cancellation data. Just a day after real-time flight tracking website FlightAware filed a lawsuit against prediction markets platform Kalshi over use of its name and data, the flight data company gave notice of voluntary dismissal of the case.  In a Tuesday filing in the US District Court for the Southern District of New York, attorneys for FlightAware said that they had voluntarily dismissed the case against Kalshi. The flight tracking company had filed the lawsuit a day earlier, claiming that Kalshi had used its “data and name to run gambling markets on flight cancellations.” While the immediate turnaround could suggest a closed-door settlement, neither company had publicly commented on the case as of Wednesday. On Tuesday, a judge ordered Kalshi to show cause why the court should not issue a temporary restraining order over FlightAware’s trademark and dat...

Kalshi is looking to meet institutional demands by adding Solana-based DoubleZero data to its order book.

Kalshi launched access to its sports and crypto perpetual data feed through DoubleZero’s dedicated fiber network to bolster institutional data access. Prediction market Kalshi’s live order book is now available through data provider DoubleZero Edge’s dedicated fiber network, the two companies said in a Wednesday announcement shared with Cointelegraph. Kalshi said this makes it the first prediction market to distribute its real-time order book data on sports and crypto perpetuals event contracts, which will be available to new DoubleZero Edge subscribers. Users looking for a machine-readable view of prediction market data can access these capabilities via the dedicated feed, instead of building this infrastructure from order books and application programming interface (API) responses themselves. Read more

The flight-tracking company voluntarily dismissed, without prejudice and without sharing a motive for its decision. However, the flight cancellation market never took off with Kalshi users.

The order escalates a jurisdictional fight over whether states may treat federally regulated event contracts as illegal gambling. The US Commodity Futures Trading Commission (CFTC) invoked its emergency authority on Tuesday, ordering prediction market Kalshi to continue operating. The CFTC said that New York’s enforcement action and request for a temporary restraining order themselves constituted a market emergency and directed Kalshi to continue operating in accordance with its normal practices and the Commodity Exchange Act’s Core Principles. New York’s requested temporary restraining order would bar Kalshi from operating a business offering contracts tied to sports, culture, elections and other events in or from New York or to people in the state. The CFTC said the order could prevent Kalshi from offering all event contracts nationwide because it is based in New York. According to the CFTC, New York is seeking at least $36 billion in compensatory damages pending an accounting. Read more

New York sued Kalshi last month in a bid to block it from operating sports-related prediction markets.