Kalshi & United States — United States Commodity Futures Trading Commission

Kalshi: Kalshi, a prediction market startup, reached an $11 billion valuation after a $1 billion funding round, solidifying its position as a federally regulated platform for trading on future events.

United States — United States Commodity Futures Trading Commission: The United States — United States Commodity Futures Trading Commission initially blocked Kalshi's election contracts, but a federal judge later ruled in Kalshi's favor, allowing regulated US election contracts.

Kalshi: Kalshi is a federally-regulated prediction market and a competitor to Polymarket. Its CEO, Tarek Mansour, supports stronger regulation against unregulated prediction markets, positioning Kalshi favorably amidst the scrutiny.

United States — United States Commodity Futures Trading Commission: The United States — United States Commodity Futures Trading Commission (CFTC) regulates prediction markets as 'event contracts' in the U.S., allowing them to bypass state gambling laws. The CFTC's recent clearance for Polymarket to operate in the U.S. and its perceived lack of enforcement are central to the regulatory debate.

Kalshi: Kalshi secured $1 billion in Series F funding, doubling its valuation to $22 billion, driven by significant growth in trading volume and institutional adoption. The company plans to use the capital to expand its institutional offerings and product suite.

United States — United States Commodity Futures Trading Commission: The United States — United States Commodity Futures Trading Commission oversees Kalshi's federally regulated exchange, which is a point of contention with state-level regulators regarding jurisdiction.

Kalshi: Kalshi is another predictions market platform where Donald Trump acts as a strategic advisor, and which has outlined new rules to combat insider trading.

United States — United States Commodity Futures Trading Commission: The United States — United States Commodity Futures Trading Commission has jurisdiction over predictions markets like Polymarket and Kalshi, and its chair stated a 'zero tolerance' for fraud and insider trading, despite not commenting on specific allegations.