NEWSNATIONNOW (Julia Shapero and The Hill) - Race betting picks up as Kalshi launches midterm election forecasting hub
Kalshi's push into elections was bolstered by a 2024 court decision, which ruled betting on federal races legal.
NPR (Bobby Allyn) - Kalshi says it's not a sportsbook even as World Cup bets surge
The betting site Kalshi emerged as a dominant sports betting platform during the World Cup. But the company avoids billions of dollars in taxes by insisting it is not a sports gambling operator.
WASHINGTONPOST (Praveena Somasundaram) - ‘FBoy Island’ star’s bet on his own Senate bid exposes perils of Kalshi
A former reality TV contestant turned candidate in Virginia and two U.S. House hopefuls in Texas and Minnesota have been banned from the prediction market for five years.
NPR (Bobby Allyn) - Kalshi in court over 19 federal lawsuits. What's the future of prediction markets?
Apps that let people wager on current events have experienced explosive growth in Trump's second term. But one of the leading markets is tied up in lawsuits that cloud the industry's future.