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
A federal judge denied Kalshi’s bid to block Connecticut from enforcing its gambling laws against sports contracts. The court held the contracts are not swaps, leaving them outside the CFTC’s exclusive jurisdiction. The order says Congress never displaced the states’ historic police power over sports betting through Dodd-Frank. Coinbase lost a matching motion before the … Read more
A federal judge denied the CFTC’s emergency bid to halt New York’s gambling case against prediction market Kalshi. The order reached the docket Aug. 3 and found the agency showed neither likely success on the merits nor irreparable harm. New York seeks $100,000 for each unauthorized sports wagering offer plus a penalty of three times … Read more
The state’s attorney general wants Kalshi barred until it holds a gambling license and stripped of what it earned from New Yorkers. Within hours, federal regulators went to court to stop her. NEW YORK – The price New York has put on evicting Kalshi is eye-catching: no less than $36 billion. On Friday, Letitia James, … Read more
Judge William Griesbach denied the CFTC’s request for a preliminary injunction against Wisconsin in a 28-page decision filed July 29. The court said the agency is unlikely to prove sports event contracts are swaps or that federal law preempts Wisconsin’s gambling statute. Two days earlier the same federal plaintiffs won an injunction against Minnesota, splitting … Read more
A King County judge granted Washington a preliminary injunction against the prediction market, rejecting the federal-preemption defense Kalshi has leaned on nationwide. Kalshi says it will appeal. SEATTLE – A prediction market that lets people wager on sports, elections and the number of measles cases in a year has been found, at least for now, … Read more