Tech News
← Home  ·  All topics

Kalshi

21 GoKawiil briefs on this topic

Polymarket and Kalshi Expand Into Media as Prediction-Market Regulation Fight Looms

Polymarket runs a daily newsletter summarizing news events tied to its betting markets, resembling a political news roundup rather than a financial disclosure. Both Polymarket and rival Kalshi have struck data-sharing partnerships with major media companies—Polymarket with Dow Jones and Substack, Kalshi with CNN, CNBC, and Fox—embedding themselves into roughly a quarter of top S&P 500 communications firms, though none of these deals involve actual trading.

Kalshi removes AI compute price tracker after Commerce Department pressure

Prediction market platform Kalshi reportedly took down a tool tracking AI compute prices after the U.S. Commerce Department raised national security objections. Details on the exact nature of the concern have not been fully disclosed, but the removal followed direct government pushback.

LeBron James Signs First Individual NBA Athlete Deal With Polymarket

LeBron James has become Polymarket's first individually signed NBA athlete partner, according to The Athletic. The announcement sparked backlash on social media, with fans accusing him of 'selling out' to a betting-adjacent platform despite his wealth.

Kalshi and Polymarket increasingly influence 2026 midterm campaign narratives

Prediction markets Kalshi and Polymarket are becoming central to how political campaigns and media frame the midterm elections, with real-money bets on outcomes shaping coverage and strategy. Alongside their growing influence, lobbying spending tied to these platforms has surged, and questions about insider trading on political events are intensifying.

Prediction markets Kalshi and Polymarket hit by ban and insider-trading probe

WIRED's Uncanny Valley podcast covers two prediction-market controversies: Kalshi issued a lifetime ban to former Congressman George Santos, and a Google engineer faces an insider-trading case tied to Polymarket. The episode also examines a reverse-engineered Flock AI person-search tool and debate over labeling AI agents as 'rogue.'

New Jersey petitions Supreme Court over state authority on Kalshi sports bets

New Jersey's attorney general has asked the Supreme Court to resolve whether states can regulate sports wagers offered through prediction markets like Kalshi. The move follows a split between federal appeals courts: the 3rd Circuit ruled such bets are federally regulated swaps outside state control, while the 9th Circuit found they are simply gambling by another name and can be blocked by states like Nevada.

NYT and The Athletic unions demand company drop Kalshi partnership

Unionized staff at The New York Times and The Athletic issued a unanimous statement opposing a potential deal linking The Athletic with prediction-market company Kalshi. They cite New York's attorney general, who found Kalshi operates as an illegal, unlicensed gambling platform posing financial risk to users, and argue that any deeper partnership would compromise journalistic independence and credibility.

Kalshi bans George Santos for life over State of the Union betting scheme

Prediction market Kalshi issued its first-ever lifetime ban to former congressman George Santos after finding he bet on markets tied to his own attendance at Trump's State of the Union address while publicly making misleading statements to move contract prices. Kalshi's compliance team found Santos profited nearly $18,000 from the scheme and fined him $71,356, while the CFTC separately ordered him to return his profits and paid its own $17,500 penalty.

Kalshi issues first lifetime ban to George Santos over market manipulation

Prediction market platform Kalshi has permanently barred former Congressman George Santos from its service, marking the company's first-ever lifetime ban. The action stems from allegations that Santos manipulated betting markets tied to whether he would attend President Trump's State of the Union address earlier this year.

Kalshi bans George Santos for life over State of the Union betting scheme

Prediction market Kalshi has permanently banned former Rep. George Santos and fined him $71,356, citing his lack of cooperation during an internal insider-trading probe. Santos had profited over $17,500 by betting he'd skip the State of the Union, then selling those contracts after publicly claiming he'd attend. He previously settled separate CFTC charges over the same scheme, paying more than $35,000 and receiving a three-year trading ban from the agency.

Kalshi bars George Santos for life over State of the Union betting scandal

Prediction market Kalshi has permanently banned former Rep. George Santos after finding reasonable cause he bet on whether he would attend Trump's State of the Union address, allegedly netting him nearly $18,000. Kalshi also fined him over $71,000 and separately suspended or penalized several other political candidates, including Ben Midgely, Laurie Buckhout and Stephen Cloobeck, for allegedly wagering on their own races.

Kalshi partners with Weather Channel to verify weather-related prediction bets

Prediction market Kalshi has teamed up with The Weather Channel to verify outcomes of trades tied to weather events, including bets on record temperatures and extreme conditions. The partnership aims to add credibility to Kalshi's weather markets by using an established meteorological source for settling wagers.