Kalshi and Polymarket are highlighted as economic oracles, suggesting their growing influence in predicting market trends and economic outcomes.

The allegations surface as prediction markets look to gain a foothold in Hollywood, which increasingly appears happy to take the money.

A former California governor candidate was also disciplined as the platform cracks down.

Polymarket and Kalshi are platforms that allow users to place bets on political outcomes and news events, effectively gamifying the pursuit of truth through prediction markets.

Prediction markets like Polymarket and Kalshi are exploring new ways to engage users by 'gamifying truth', allowing participants to bet on future events.

Learn to convert Kalshi's 2026 World Baseball Classic percentages into betting odds. Understand $1.00 contracts, implied probability, and price discovery.

Tradeweb and Kalshi have announced a collaboration aimed at broadening access to prediction markets.

Kalshi's crowd-sourced predictions are rivaling those of Fed economists, raising questions about the potential for markets to accurately forecast monetary policy.

Nevada state regulators have filed a lawsuit against Kalshi, seeking to prevent the company from offering event contracts that would allow residents to bet on sports.

Kalshi has faced a significant legal setback in its court battle to maintain its operations in Nevada.

Kalshi Dealt Major Setback in Court Fight to Remain in Nevada  The Wall Street Journal

Kalshi Dealt Major Setback in Court Fight to Remain in Nevada  The Wall Street Journal

Kalshi Dealt Major Setback in Court Fight to Remain in Nevada  The Wall Street Journal

The Trump administration is backing companies like Kalshi and Polymarket, which operate prediction markets, as several states move to ban such platforms.

Prediction platforms like Polymarket and Kalshi are experiencing rapid growth, prompting confusion and concern due to their less regulated nature compared to traditional betting sites.

Crude-oil markets won’t officially open for a few more hours, but traders are already using prediction markets like Kalshi to take bets on where prices will settle on Monday.

An anonymous user on Kalshi has placed a significant bet that the White House will soon confirm the existence of alien life or technology.

A 37-year-old economist, Alan Cole, has publicly stated he placed a bet exceeding $300,000 against the cryptocurrency Dogecoin (DOGE) on the Kalshi prediction market.

Kalshi has fined and suspended an employee of MrBeast for engaging in insider trading.

Nikolas Kokovlis/NurPhoto via Getty Images Kalshi said on Wednesday that it banned and fined two users for manipulative trades. A video editor who traded about $4,000 on YouTube streaming markets was fined and suspended. A California politician who bet about $200 was fined and banned for 5 years. Kalshi said Wednesday that it has banned and fined a YouTube streamer's editor and a California politician for making banned trades, the first public enforcement activity to be taken by the US-regu...

Watch Polymarket, Kalshi Gamify Truth With Bets on Politics, News  Bloomberg

The Canadians enter Sunday’s gold medal game as narrow favorites, and Todd Cordell expects Mitch Marner & Co. to prevail in Milan.

Tradeweb, a major bond-trading platform on Wall Street, has announced a new partnership with Kalshi, a contracts exchange.

Predictions for the 2026 World Baseball Classic show the U.S. and Japan as top contenders, with the Dominican Republic also being a team to watch.

Kalshi Dealt Major Setback in Court Fight to Remain in Nevada  The Wall Street Journal

Kalshi Dealt Major Setback in Court Fight to Remain in Nevada  The Wall Street Journal

Kalshi, a prediction market platform, faced a significant legal setback in its court battle to maintain its operations in Nevada, impacting its regulatory standing.

Kalshi Dealt Major Setback in Court Fight to Remain in Nevada  The Wall Street Journal

Kalshi experienced a significant legal defeat in its court case to maintain operations in Nevada.

The Trump administration has expressed support for prediction markets like Kalshi and Polymarket, even as some states move to ban them.

Arleigh Burke-class guided-missile destroyer USS Thomas Hudner (DDG 116) fires a Tomahawk land attack missile in support of Operation Epic Fury, Mar. 1, 2026. Kulani Lakanaria / U.S.

The rise of prediction markets like Kalshi and Polymarket is offering new tools for statisticians and social scientists to test theories and resolve questions, akin to new scientific instruments.

The prediction-market platform said it had reported the employee to federal regulators. The show’s parent company said it had “no tolerance for this behavior.”

Kalshi Fines and Suspends MrBeast Employee for Insider Trading  Bloomberg.com

With prediction markets booming, so have concerns about insider trading. Now, Kalshi has disclosed its first public actions against accounts suspected of trading on confidential information.

Kalshi Dealt Major Setback in Court Fight to Remain in Nevada  The Wall Street Journal

An article discusses the likelihood of Kalshi, a prediction market platform, going public with an IPO in 2026.

Federal Reserve researchers have suggested that Kalshi's forecasting methods could be more effective than traditional economic models.

Must-see pictures from the Cincinnati Reds' 2026 photo day showcase the team.

Kalshi Dealt Major Setback in Court Fight to Remain in Nevada  The Wall Street Journal

Kalshi Dealt Major Setback in Court Fight to Remain in Nevada  The Wall Street Journal

Kalshi Dealt Major Setback in Court Fight to Remain in Nevada  The Wall Street Journal

Kalshi faced a significant legal setback in its court battle to maintain its operations in Nevada.

Kalshi's website Thomas Fuller/NurPhoto via Getty Images Nevada regulators sued Kalshi, saying its markets are actually illegal sports gambling. The suit was filed just as the Trump administration sided with prediction markets. Other states have also sued Kalshi, and many legal observers expect the Supreme Court to weigh in. Nevada gambling regulators sued the prediction markets company Kalshi on Tuesday, saying the platform's rapid growth forced their hand. The Nevada Gaming Control Board and the state attorney general sued in Carson City District Court shortly after a federal appeals court rejected a request by Kalshi to stop the state from taking action. The state is seeking an order to stop Kalshi, the country's largest prediction market, from operating what it sees as an unlicensed sports betting operation. "Kalshi has continued to dramatically expand its business, rather than attempting to maintain any kind of status quo," Nevada authorities said in a letter earlier this month. The regulators emphasized that Kalshi has grown rapidly, doing 27 times as much business on Super Bowl Sunday this year compared to the year before. Meanwhile, regulated Nevada gambling operations saw their business shrink, the state said. A Kalshi spokesperson declined to comment on Tuesday afternoon, but the company swiftly asked a federal court to take over the new state case. They argued that only federal law applies to prediction markets, and that the new state enforcement action turns on the same questions that federal courts are already considering. Kalshi has said that its markets are "event contracts," a financial instrument regulated by the Commodities Futures Trading Commission. The CFTC on Tuesday sided with another events-contracts company that is fighting with Nevada regulators, and its chairman, Michael Selig, filmed a video statement defending the new platforms. "Today, the CFTC is taking an important step to ensure that these markets have a place here in America," Selig said. "To those who seek to challenge our authority in this space, let me be clear: we will see you in court." Economists and political scientists have long been fascinated by prediction markets as a way to channel the so-called wisdom of the crowds. They were generally a niche activity until the 2024 US presidential election, when people wagered millions of dollars on sites like Polymarket. Since the election, sports and cryptocurrency speculation have become the dominant markets. Today, more than 90% of the money that flows through Kalshi's platform is staked on sports-related events, and the growth of platforms like Kalshi has spurred traditional sportsbooks like FanDuel and DraftKings to create their prediction markets to take advantage of the light-touch regulation and lower taxes they offer. Legal battles are pending on the East Coast as well, with regulators in Maryland and New Jersey having clashed with prediction markets. Attorneys and other industry commentators have said they expect the Supreme Court to eventually weigh in on the legality of sports contracts on prediction markets. Read the original article on Business Insider

At least 20 federal suits filed against companies like Kalshi and Polymarket as lawmakers call it ‘loophole’ for gambling State lawmakers and gaming regulators across the US are escalating their fight against prediction markets, arguing that the fast-growing platforms are “basically gambling but with another name”. At least 20 federal lawsuits have been filed nationwide, disputing whether companies such as Kalshi and Polymarket should be treated as federally regulated financial exchanges, as they maintain, or as gambling operations that should be regulated like state-licensed sportsbooks. Continue reading...