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American online prediction gambling company
Kalshi Inc. is a prediction market platform based in Manhattan, New York City, that launched in July 2021. The platform is used primarily for sports betting, which constitutes more than 90% of site activity and 89% of revenue in 2025. Analysts describe activity on the platform as "heavily tied to the sports calendar". Individuals can place bets on other future outcomes, including economic indicators, weather patterns, awards, political and legislative outcomes, and military conflicts.
More on Wikipedia ↗A federal appeals court has dealt prediction markets another setback, ruling that sports event contracts offered by Kalshi are not federally regulated
The ruling deepens a federal appellate split over whether states can regulate prediction markets trading. The Sixth Circuit resolved appeals arising in Ohio and Tennessee by ruling that sports-related event contracts on the Kalshi predictions mark...
The ruling deepens a split among the U.S. circuit courts regarding federal preemption of the prediction markets, increasing the likelihood the Supreme Court will grant review and resolve the issue.