Kalshi | Crypto

On July 28 and 29, the Federal Reserve meets to set its next rate decision, and traders will try to price the outcome through bonds, currencies, crypto and contracts that settle directly on what the central bank announces. Reuters polled 104 economists on July 21 and found every one of them expected the Fed to […] The post Easy money on Polymarket and Kalshi is disappearing as prop firms deploy AI agents appeared first on CryptoSlate.

The integration provides institutional clients with access to Kalshi’s event contracts and crypto perpetuals via Talos’ existing trading infrastructure. Institutional crypto trading platform Talos has integrated with Kalshi, allowing select clients to trade the prediction market operator’s event contracts and crypto perpetuals through the same infrastructure they already use for digital assets, eliminating the need for a separate connection. Talos will offer algorithmic order types including Iceberg, TWAP and POV, along with multi-leg execution for perp-to-perp and perp-to-spot spread trades. The company said institutional clients will also be able to execute block trades in Kalshi contracts through its request-for-quote platform using participating over-the-counter liquidity providers. Later this year, Talos plans to extend its dealer software to brokers and trading platforms, allowing them to offer Kalshi event contracts directly to customers where permitted. The company also plans to launch a unified predi...

More than a dozen speeches are alleged, but no cited report dates the first alert, restriction, or CFTC referral. The post Trump aide allegedly made $100K betting on 12 speeches before anyone knew – then Kalshi stepped in appeared first on CryptoSlate.

According to ABC News, federal regulators are investigating whether the longtime White House staffer used nonpublic information to profit from event contracts tied to President Donald Trump’s speeches. US President Donald Trump’s longtime teleprompter operator is in talks with federal regulators to settle allegations that he used nonpublic information to profit from bets on Kalshi markets tied to the president’s speeches, ABC News reported Thursday, citing sources familiar with the matter. According to the report, Gabriel Perez, a technical assistant who has operated Trump’s teleprompter since 2016, allegedly placed bets on more than a dozen markets tied to Trump’s speeches, generating more than $100,000 in profits. Kalshi detected the activity through its surveillance systems and referred the trades to the Commodity Futures Trading Commission, the outlet said. The contracts were part of the platform’s “Mentions” markets, which allow users to bet on whether particular words, phrases or topics will appear in p...

“We are disappointed by this decision and believe it is unfair to Kalshi,” the company’s legal counsel said on X. Kalshi says it is being put in an “impossible position” after the US commodities regulator on Tuesday said it was blocking the prediction market platform from canceling trades in Michigan, contradicting a recent state court order. On June 29, Kalshi was ordered by Ingham County Circuit Court Judge Rosemarie Aquilina to cease offering sports betting contracts to Michigan users while a lawsuit over whether Kalshi violated the state’s sports betting laws plays out. The Commodity Futures Trading Commission ordered Kalshi on Tuesday not to comply with the state order and continue operating. “We are disappointed by this decision and believe it is unfair to Kalshi,” Robert DeNault, the company’s head of enforcement and legal counsel said in a statement on X.  Read more

The federal derivatives regulator, which oversees trading at Kalshi, argued it was inappropriate for Michigan to "bully" the firm into reversing trades.

The ruling gives New York room to press sports-event enforcement while the CFTC is still writing national rules. The post Kalshi’s court loss shows federal approval may still leave prediction markets fenced off by states appeared first on CryptoSlate.

Kalshi appealed to the Second Circuit after a New York federal judge denied its request to block state gambling officials from enforcing local laws against its sports event contracts. Kalshi is appealing a New York federal judge's rejection of its bid to block state gambling officials from enforcing local laws against the prediction market platform's sports-related event contracts.  In a notice filed on Tuesday in the US District Court for the Southern District of New York (SDNY), Kalshi said it would take the case to the US Court of Appeals for the Second Circuit. The appeal followed a same-day opinion and order denying the platform operator's motion for a preliminary injunction against officials at the New York State Gaming Commission.  The appeal escalates a growing legal fight over whether sports prediction markets are federally regulated derivatives or state-regulated gambling products. This question has already split courts across the United States. Read more

DefiLlama data shows Kalshi posted a record month for trading volume as the expanded FIFA World Cup boosted prediction market activity. Kalshi posted a record month for trading volume in June as the 2026 FIFA World Cup fueled activity across prediction markets. DefiLlama data shows Kalshi recorded nearly $9.4 billion in trading volume in June, up from about $5.3 billion in May. Polymarket International also climbed to roughly $4.3 billion from about $3.5 billion a month earlier. The tournament kicked off on June 11 and is the first FIFA World Cup to feature 48 teams, up from 32 in previous editions. CNBC reported the competition became the biggest driver of prediction market trading in June, with Dune Analytics showing record notional trading volumes on Kalshi and Polymarket. Read more

The amended complaint, granted by a judge on Tuesday, included allegations that Kalshi targeted users under 21 years old through social media and marketing on university campuses. Prediction markets platform Kalshi’s legal battle against Massachusetts will continue after a judge ruled that state authorities could add allegations against the company over sports betting. In a Tuesday filing in Suffolk County Superior Court, associate justice Peter Krupp allowed state authorities to file a 71-page amended complaint, building on a filing alleging that Kalshi engaged in sports wagering in violation of state laws.  The amended complaint included allegations that Kalshi “targets those under 21 years of age and does little to stop them from using its platform,” citing the company’s marketing to university campuses and presenting images in ads of people who “appear to be younger than 21 years old.”   Read more

A Michigan Judge has temporarily blocked Kalshi from offering sports betting contracts to residents, escalating the state-federal fight over prediction markets and gambling laws. A Michigan judge temporarily blocked prediction market Kalshi from allowing residents to place bets on sporting events, after the state's attorney general accused the platform of violating gambling laws. Kalshi was hit with a temporary restraining order from Ingham County Circuit Court Judge Rosemarie Aquilina, who said the platform would be fined $120,000 for each day it fails to comply with the order’s geolocation requirements, according to a Monday court filing. The order lasts for 14 days and expires on July 13. Aquilina wrote that Michigan residents would suffer irreparable harm from being “exploited by Kalshi's sports betting operation masquerading as an investment opportunity.”  Read more

Kalshi is reportedly in talks to raise new capital at a $40 billion valuation, reflecting growing investor confidence in regulated prediction markets. US-based prediction market platform Kalshi is reportedly in talks to raise funds at a $40 billion valuation, nearly doubling its $22 billion valuation in May. The company could close the new funding round as soon as the third quarter of this year, the Financial Times reported on Wednesday, citing people familiar with the matter. Kalshi closed a $1 billion Series F in May, led by Coatue Management, with participation from Andreessen Horowitz, Sequoia Capital, Morgan Stanley and Ark Invest. Its $22 billion valuation at the time was double the company’s $11 billion valuation in December and more than four times its $5 billion valuation in October. Read more

The prediction markets company claimed that it would be “irreparably harmed” when an Illinois law signed as part of a budget package goes in effect on July 1. Prediction markets company Kalshi has filed a lawsuit against state officials in Illinois over legislation it says “expressly bans sports event contracts” on its platform. In a Tuesday filing in the US District Court for the Northern District of Illinois, Kalshi alleged that Illinois Governor JB Pritzker, Attorney General Kwame Raoul, and other officials on the state’s gaming board “usurped” the authority of the US Commodity Futures Trading Commission (CFTC) over prediction markets. Specifically, the company alleged that legislation signed into law last week in Illinois, requiring prediction market platforms to be licensed in the state to offer sports event contracts, violated federal law. Kalshi claimed that it would be “irreparably harmed” when the law, Illinois Senate Bill 3019, takes effect on July 1. Read more

One of the largest U.S. derivatives exchanges is bringing back yes/no bets on the S&P 500 after pulling them a decade ago, moving onto turf that Polymarket and Kalshi turned into one of the internet's fastest-growing corners.

Kalshi has added India to its list of 55 restricted jurisdictions, months after Indian authorities warned VPN providers to stop facilitating access to these platforms. Prediction market Kalshi has added India to its list of restricted jurisdictions, according to a members' agreement document updated on Wednesday. The document now lists a total of 55 restricted jurisdictions whose residents are blocked from accessing the platform. India's Ministry of Electronics and Information Technology warned virtual private network (VPN) providers in April to stop facilitating access to “illegal and blocked online betting and prediction market platforms.” Read more

WSJ says Schwab is working with Cboe on S&P 500 prediction-style products, while Cboe's Mini-SPX materials show how Wall Street can package yes-or-no trades inside listed options. The post Charles Schwab prediction market partnership with Cboe to take traders away from Polymarket, Kalshi appeared first on CryptoSlate.

The prediction market platform is reportedly exploring a public listing after surpassing $2 billion in annualized revenue as sports contracts face mounting legal scrutiny. Prediction market Kalshi is reportedly in early, informal talks with investment banks about an initial public offering (IPO), despite increasing regulatory scrutiny over sports betting contracts on these platforms. Kalshi is in early-stage talks to go public via an IPO after the platform surpassed $2 billion in annualized revenue, unidentified sources familiar with the matter told The Information, according to a Friday report. A spokesperson for Kalshi declined to comment on the matter. Read more

The CFTC approved KalshiEX's BTCPERP contract on May 29, one day after Kalshi submitted it under Regulation 40.3. The contract references spot Bitcoin, carries no expiry date, and perps generally allow leverage as high as 50-to-1, with automatic liquidation that can wipe out positions during sharp moves. CME CEO Terry Duffy announced the company would […] The post CME lawsuit challenges whether Kalshi’s Bitcoin leverage push can become an everything-exchange appeared first on CryptoSlate.

Kentucky has sued Polymarket, Kalshi and Kalshi’s partners Coinbase, Robinhood and Webull, over offering sports event contracts in the state. Kentucky has sued five prediction market platforms, including Kalshi and Polymarket, adding to a wave of US states launching legal fights with prediction markets over sports event contracts. State Attorney General Russell Coleman said in a statement Wednesday that his office filed lawsuits in state court against Polymarket and Kalshi — also naming Kalshi partners Coinbase, Robinhood and Webull — accusing them of “operating unlicensed and illegal sports betting and gambling platforms.” “Kalshi and Polymarket are operating illegal sportsbooks in Kentucky and breaking our laws,” Coleman said. “These multi-billion dollar corporations and their legal fictions don’t pass the sniff test. As one of our state legislative leaders said it best, ‘If it looks like a duck and quacks like a duck…’” Read more

The collaboration comes as US state regulators and the CFTC battle over oversight of event-based contracts. Prediction market Kalshi has partnered with compliance software provider StarCompliance to launch a monitoring platform designed to help financial companies oversee employee activity on prediction markets, as the sector faces increased scrutiny over insider trading and the use of non-public information. According to Wednesday's announcement, the system is intended to flag employee activity based on transaction volume, trading patterns, market categories and work-hour activity, while giving firms a centralized way to manage investigations and audit records tied to prediction market exposure across onchain and offchain environments. The launch comes days after a federal judge set a December trial date for US Army Master Sgt. Gannon Ken Van Dyke, who prosecutors allege used non-public information about a military operation targeting Venezuelan President Nicolás Maduro to earn more than $400,000 on predicti...