Kalshi Takes Compliance PR Tour Amid Prediction Market Backlash

Massachusetts Judge Bans Kalshi, Says Platform Is Gambling Disguised as Trading

Massachusetts has taken direct aim at Kalshi, alleging that the prediction market is unlawfully offering sports wagering to state residents while attempting to disguise those activities as “event contracts.” According to the Commonwealth, Kalshi—one of the largest prediction markets in the country, valued at roughly $2 billion—has been operating without the required licensure from the…

Kalshi Takes Compliance PR Tour Amid Prediction Market Backlash

Kalshi is talking a lot about compliance these days, a strategic move amid concern from bettors, media publications, sports leagues and lawmakers about insider trading on prediction markets. As Kalshi touts its own consumer protection capabilities, the exchange betting firm has emphasized how much it contrasts with Polymarket, the longtime international prediction market operator in […]