#kalshi

#kalshi

The Ohio Casino Control Commission (OCCC) slapped the company with the financial penalty on Tuesday after arguing the company offers illegal sports betting in the Buckeye State. The commission levied the fine because Kalshi didn't stop offering sports event contracts in Ohio. The OCCC ordered Kalshi to cease offering those markets in the Buckeye State.

Kalshi claims that Montana officials are "unconstitutionally threatening to prohibit trading on Kalshi's federally designated contract market," asserting that its contracts are "federally authorized" and fall under the CFTC's exclusive jurisdiction.

Fox News has cut a deal with Kalshi, allowing the prediction market to have paid product placement on the network, which is the largest news channel in the US.

The Third Circuit ruled in Kalshi's favor. People use prediction markets because they're more fair, transparent, and reward being right. Free markets work. We should keep them that way. This is a big win for the industry and millions of users.

Moulton posted to X about speculation over the missing crew member, stating, 'Their safety is unknown. They could be your neighbor, a friend, a family member. And people are betting on whether or not they'll be saved. This is DISGUSTING.'

Kalshi is taking a page from Warren Buffett's playbook by offering a $1 billion prize to any user who has the perfect March Madness bracket, despite the odds being 1 in 120.2 billion.

The National Collegiate Athletic Association (NCAA) is again turning up the pressure on prediction market operator Kalshi, this time tying its trademark concerns directly to March Madness, the association's signature men's and women's basketball tournaments. The NCAA claims that Kalshi has used its name, marks and event branding in ways that suggest an official link. March Madness is owned and controlled by the NCAA, and the association says any implication of endorsement or verification crosses a legal line.

The complaint argues that the platform's event contracts, which allow users to trade on outcomes including sports games, function the same way as banned wagers. According to the filing, consumers who lose money on those contracts are being harmed. Reynolds is seeking damages and restitution for a proposed class, along with a declaratory judgment and a jury trial. The Oregon case joins similar litigation already moving through courts elsewhere.

Just use the Kalshi promo code BNATIONMAX as a new user during sign-up. Then, you can make at least $10 of trades on any prediction market. That gets you a $10 bonus. Download the Kalshi app. BNATIONMAX is your promo. 18+ to trade prediction markets. Make your first deposit with Kalshi. Trade $10+ on any event. Score the $10 bonus. You cannot withdraw this bonus.