CFTC Probes Mention Markets as Kalshi Pulls Sports Word Bets
Federal regulators investigate prediction market 'mention markets' after White House teleprompter scandal; Kalshi removes sports word bets.
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Federal regulators investigate prediction market 'mention markets' after White House teleprompter scandal; Kalshi removes sports word bets.
Kalshi challenges Wisconsin's 1849 law banning election bets as voter suppression. The case highlights a national battle over prediction market regulation.
Kalshi processed $40B in World Cup bets while avoiding billions in state taxes. The CFTC-regulated platform faces 30+ lawsuits over its classification.
A legal battle over whether Kalshi is a sports gambling app or financial exchange could determine billions in tax revenue and reshape U.S. betting.
A White House teleprompter operator allegedly used inside knowledge of Trump's speeches to win over $100K on Kalshi, sparking a CFTC investigation.
Campaign staffers continue using Kalshi to bet on elections despite new FEC cross-referencing system. Gaps remain as Congress stalls on regulation.
Meta CEO Mark Zuckerberg met with Kalshi CEO Tarek Mansour about a potential acquisition in 2025 before deciding to build Arena, its own prediction app.
Former Rep. George Santos faces DOJ and CFTC probes for alleged insider trading on Kalshi. He also threatened the NPR reporter who broke the story.
Former Rep. George Santos is under investigation by the DOJ and CFTC for allegedly betting against himself on Kalshi ahead of Trump's State of the Union.
A deep dive into prediction markets reveals how savvy 'sharps' made millions wagering on war, elections, and more, challenging Wall Street.
Minnesota Gov. Tim Walz signed the nation's first law banning prediction markets. The CFTC and DOJ immediately sued, setting up a landmark legal battle.