New Mexico Targets Kalshi for Alleged Illegal Gambling
New Mexico has become the latest state to go after prediction markets, targeting Kalshi in a new lawsuit that alleges the platform hewed too closely to what sportsbooks offer.
Daily betting and casino industry insights, straight to your inbox.
Subscribe
New Mexico has become the latest state to go after prediction markets, targeting Kalshi in a new lawsuit that alleges the platform hewed too closely to what sportsbooks offer.
After noting the opportunity presented by prediction markets for sports data companies, Sportradar is officially entering the space through an extensive data and integrity partnership with Kalshi.
Social media influencers paid by Kalshi and Polymarket pushed hard on Spencer Pratt to win the Los Angeles mayoral election. Huge amounts of money have been traded on the TV personality, but it looks like he will lose out to Nithya Raman in the race for second place.
After announcing a probe into Polymarket and Kalshi, the South Korean police are now looking into individual traders and whether they have broken the country’s strict gambling laws by opening accounts and participating in trades conducted on the prediction market platforms.
The latest Kalshi promo code offer provides new users with a $10 bonus for the Giants vs. Cubs MLB matchup on Sunday, June 7, 2026, airing at 8:30 p.m. ET on NBC.
Prediction platform Kalshi is quietly adjusting its public image, shifting the language used in official filings to more clearly distinguish its offerings from traditional gambling.
George Santos has publicly criticized Kalshi and NPR amid allegations that he wagered on himself attending the State of the Union (SOTU) address at the prediction market platform.
Kalshi Referral Code HANDLE is providing a $10 bonus for predicting Hurricanes vs. Golden Knights in Game 3 of the Stanley Cup Final.
Sign up a new prediction market account with the Kalshi promo code HANDLE to net $10 in bonus funds.
New Mexico Attorney General Raúl Torrez filed a state court lawsuit against Kalshi for allegedly offering illegal sports event contracts, resembling online sports betting.
Let’s do a quick recap of the week that was. Polymarket sued Minnesota a day before New Mexico sued Kalshi, Illinois unveiled plans for a prediction markets per-wager tax, and the Department of Justice is investigating George Santos.
Kalshi is developing a terminal-style platform for active traders, introducing real-time market monitoring and order book visibility while extending its suite of trading tools beyond its core prediction market offering, according to media reports.