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#Kalshi
Simulated Profit Screens Spark Backlash: NYC Council Sends Letters Demanding Polymarket, Kalshi Answer 60+ Marketing Questions
The New York City Council has sent investigative letters to four prediction market platforms—Polymarket, Kalshi, Coinbase, and Gemini—over advertising practices, risks of exposure to minors, and consumer protection, focusing on whether simulated trading videos mislead users.
Valuation Doubles in Half a Year! Kalshi Eyes $750M Raise to Hit $40B, With the World Cup as the Biggest Driver
Prediction market platform Kalshi is reportedly in talks with Sequoia Capital and Wellington Management to lead a new funding round, with its valuation set to double from $20 billion in May to $40 billion—driven by a surge in revenue from sports contracts.
Kalshi's Valuation Doubles in Three Months to $40 Billion, Sequoia and Wellington Rush In With $750 Million
Kalshi raised funding at a $22 billion valuation just in May, and three months later the number being floated is $40 billion. Sequoia Capital and Wellington Management are both in talks to lead the round, backed up by annualized revenue that doubled in a single month.
CFTC Invokes Emergency Powers to Keep Kalshi Running Amid New York Lawsuit
Prediction market platform Kalshi was sued in New York last month, prompting the U.S. Commodity Futures Trading Commission to invoke emergency powers ordering the platform to keep operating. Details of the lawsuit and next legal steps have yet to be officially disclosed.
FlightAware Sues Kalshi: We Told You No, You Did It Anyway
Kalshi built a flight-delay betting market on FlightAware's data and slapped a "verified" label on it — except FlightAware never signed off. The lawsuit exposes one of prediction markets' most awkward gray zones.