New Jersey has until Sept. 3 to ask the Supreme Court to review the Third Circuit ruling protecting Kalshi’s sports contracts. Justice Samuel Alito twice extended New Jersey’s time to file, moving the deadline from July 5 to Sept. 3. The Ninth Circuit’s Aug. 28 ruling for Nevada split the appeals courts on whether states … Read more
A Ninth Circuit panel ruled 3-0 that Nevada can enforce its gambling laws against Kalshi’s sports event contracts. Sports contracts made up more than 90% of Kalshi’s trades and 95% of its revenue in 2025, the court noted. The ruling conflicts with a Third Circuit decision favoring Kalshi, splitting the federal appeals courts on the … Read more
Connecticut’s complaint accuses Kalshi of letting minors open accounts and paying underage promoters on TikTok and X. The suit cites Kalshi’s own federal court filing that put sports contracts at 80% to 90% of its offerings in February. A Connecticut federal judge rejected Kalshi’s derivatives defense on Aug. 7, a ruling the new state complaint … Read more
Kalshi announced multiyear partnerships Tuesday with the Red Sox, Braves, Dodgers, Padres and Giants. Four of the five teams play in California or Georgia, where no state-licensed sportsbook can legally operate. Massachusetts won a January injunction against Kalshi’s sports contracts, now on hold while the state’s highest court hears the appeal. Kalshi said baseball trading … Read more
The proposed rule defines gaming to capture professional sports, keeping sports contracts inside the term rather than outside it. A state gambling ban would not count as unlawful activity, because the contract settles on the game itself. Final scores, point differentials, win-loss results and season-long statistics weigh against a public interest ban on sports contracts. … Read more
Cantor Fitzgerald will act as an introducing broker for institutional-size block trades in Kalshi event contracts. Kalshi’s rules set a 25,000-contract minimum for a block and limit both sides to eligible contract participants. Blocks must be reported to Kalshi within 15 minutes and are published separately from ordinary order-book trades. Susquehanna Predictions will supply pricing … Read more
Baltimore filed consumer-protection suits Thursday against Kalshi and Polymarket in the Circuit Court for Baltimore City. The Kalshi complaint also names its brokerage partners Robinhood, Webull and Coinbase as defendants. The city seeks civil penalties, restitution, disgorgement and an order barring transactions from Baltimore residents. Maryland’s own enforcement against Kalshi remains paused while the Fourth … Read more
The Nevada Council on Problem Gambling will formally end its affiliation with the national council this month. Kalshi accepts traders at 18, while NCPG’s own standards strongly recommend a minimum gambling age of 21. NCPG took a $2 million, two-year investment from Kalshi in May as its first financial services member. The Michigan Gaming Control … Read more
FlightAware dismissed the case without prejudice under Rule 41(a)(1)(A)(i), which leaves it free to refile the same claims. Judge Arun Subramanian had set a temporary restraining order hearing for Aug. 13 before the dismissal ended the case. The six-count complaint pleaded Lanham Act trademark infringement, breach of contract and New York unfair competition. Kalshi’s market … Read more
The CFTC ordered KalshiEX LLC to keep operating under the Commodity Exchange Act’s Core Principles and its normal practices. KalshiEX notified the commission of a market emergency on Aug. 1, and that notification triggered the federal order. New York’s July 31 complaint seeks to bar all Kalshi event contracts nationwide and more than $36 billion … Read more