New Mexico Attorney General Raúl Torrez filed a state court lawsuit against Kalshi for allegedly offering illegal sports event contracts, resembling online sports betting.
Add New Mexico to the list of states taking legal action against Kalshi. The Attorney General accuses the prediction market platform of engaging in illegal online sports betting activities. The lawsuit claims that Kalshi's sports event contracts are akin to traditional sports betting, prompting the legal action.
Global prediction market platform ADI Predictstreet and sportsbook technology provider FIRST.bet have partnered to expand regulated prediction markets across Latin America.
The Inter-Tribal Council of the Five Civilized Tribes (ITC) has adopted a resolution calling on Congress and federal regulators to protect tribal sovereignty from prediction markets such as Kalshi and Polymarket.
The New York Lottery unveiled yet another scratch-off winner, this time from Cheektowaga.
The Commodity Futures Trading Commission (CFTC) is investigating after Kalshi personnel admitted that President Donald Trump’s teleprompter operator won around $100,000 trading on Kalshi on what Trump’s speeches would include.
