George Santos Criticizes Kalshi & NPR, Polymarket Ends Partnership
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.
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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.
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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.
The predictions market operator Kalshi is reportedly piloting an interface designed for “highly engaged traders,” which will let users “manage multiple positions in varying event contracts.”
A Spanish soccer team allegedly wagered $1 million against itself in a La Liga match at Kalshi.
The rivalry between Polymarket and Kalshi is intensifying, with Polymarket compiling a copycat dossier alleging idea theft by Kalshi. Both companies have filed lawsuits, with Polymarket suing Minnesota following Kalshi’s lead.
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The prediction market provider Kalshi’s new Bitcoin perpetual futures contract is a sign that gaming and online casino users are becoming more comfortable with digital assets, say experts.
George Santos is reportedly under investigation for trading on whether he would attend the State of the Union address in February at Kalshi.