Novig filed Aug. 14 in the Western District of Wisconsin, its fifth suit against a state in 10 days. The complaint asks that Wisconsin’s commercial gambling statute, a Class I felony, be declared preempted as applied. A federal judge in Wisconsin denied the CFTC that … Read more
A King County judge ordered Kalshi to stop offering sports event contracts to anyone in Washington. Kalshi must run IP- and residency-based geofencing by Aug. 19 and a GeoComply system by Sept. 2. Missing the Sept. 2 deadline costs $120,000 a day unless Kalshi files … Read more
NEW YORK – The Commodity Futures Trading Commission (CFTC) have exercised their emergency powers just six times ever and haven’t done so since 1980. Now, CFTC Chairman Michael Selig has implemented emergency orders twice in the last 30 days to support Kalshi. Kalshi is battling … Read more
SALT LAKE CITY– Utah can enforce their anti-gambling laws against Kalshi, a federal judge in Utah ruled on Tuesday. The judge rejects Kalshi’s argument that federal regulation includes their sports event contracts and prevents state intervention. Judge Rules Against Kalshi In Utah In simple terms, … Read more
Genius Sports announced a Kalshi partnership on Aug. 5 to supply official soccer data settling the exchange’s sports event contracts. Kalshi agreed to restrict certain market types under the integrity information-sharing terms of the agreement. Polymarket took the same official-data and integrity package a day … Read more
U.S. District Judge Katherine Menendez enjoined Minnesota Statute 609.7615 on July 27, five days before its Aug. 1 effective date. The order protects only CFTC-registered exchanges and found the state law likely preempted for contracts qualifying as federal swaps. Kalshi told the court it had … Read more
Kalshi must finish a GeoComply geofencing rollout in Nevada by Aug. 12 or face a $120,000 daily penalty. The stipulation lets Kalshi submit a sworn affidavit explaining any delay instead of paying that daily penalty. Kalshi acknowledged state investigators placed prohibited trades but did not … Read more
Washington won a preliminary injunction against Kalshi in a King County Superior Court order filed July 20. The order holds the Commodity Exchange Act does not preempt Washington gambling law on express, field or conflict grounds. It reads federal law to allow event contracts to … Read more
Rep. Josh Gottheimer introduced the Facial Recognition to Protect Children Act on July 15 with eight bipartisan cosponsors. The measure would force sportsbooks and prediction markets to scan a user’s face to estimate age before a wager. Despite its name, the bill relies on facial … Read more
WASHINGTON – The man who often made the final touches to President Donald Trump’s speeches allegedly made more than $100,000 betting on those same speeches with Kalshi, a prediction market operator. Gabriel Perez wagered on the “Mentions” market at the popular prediction market, betting on … Read more
DETROIT – Kalshi has got themselves into quite a pickle, being forced to choose between violating state law or violating federal law based on recent developments. A Michigan court order prevented Kalshi from offering sport event contracts in the state, but the CFTC rejected an … Read more
PHOENIX – A new executive order from Arizona Governor Katie Hobbs prohibits insider trading by state employees for the use of prediction market platforms. Executive Order 2026-02 specifically prevents executive branch employees of the state of Arizona from using information not currently available to the … Read more