Kalshi Probes Bets on Trump Press Secretary Pick Placed Before News
The prediction market is reviewing wagers on Trump's press secretary selection after bets placed ahead of the announcement carried large potential payouts.
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The prediction market is reviewing wagers on Trump's press secretary selection after bets placed ahead of the announcement carried large potential payouts.

Gold contracts on Kalshi hit 542 million in September, outpacing Ether's 318 million, while Bitcoin remained the most-traded market.

Reuters reports the prediction market is negotiating a round that would value it at $40 billion, up from $22 billion four months ago.

All 11 Democratic members of the Senate Banking Committee want Chairman Tim Scott to convene a public hearing on prediction markets after Republicans met privately with Kalshi's CEO.

Prediction market Kalshi said the CFTC has not reached out about roughly $5 billion in Ether perpetual trades it attributes to liquidity incentives, denying wash trading.

Kalshi's full-depth political prediction order books are now accessible via DoubleZero for institutional traders.

A former White House teleprompter operator settled with the CFTC over insider trading on Kalshi event contracts.

Kalshi partners with DoubleZero to offer trading firms low-latency access to sports and crypto order books.

New York filed a July 31 petition asking a judge to compel Kalshi to disclose local bettors' names, wagers, and losses.

State petition demands identities, wagers, losses and restitution from prediction platform.

Court finds Minnesota law likely violates federal commodity law, halting state enforcement against prediction markets.
A Washington state court grants preliminary injunction against Kalshi, deeming its sports prediction markets illegal gambling.
Kalshi and ADI Predictstreet collaborate on a co-branded hub to expand World Cup prediction markets globally.

Kalshi launches crypto perpetuals in the US, but shallow depth and spreads may limit altcoin trading to Bitcoin only.
Kalshi files lawsuit against Illinois and Governor Pritzker challenging a new state regulatory framework for prediction markets.
Prediction market platform TurboFlow secures $6 million seed funding to serve Asian users as a localized alternative to Kalshi and Polymarket.

Kalshi has held preliminary discussions with underwriters about a potential public listing, sources say.
Kentucky filed lawsuits against prediction market platforms Kalshi and Polymarket, accusing them of offering unlicensed sports gambling.