The Kalshi founder and CEO joins Rich Kleiman to discuss how regulated prediction markets are reshaping finance, news, and decision-making.

The prediction market exchange Kalshi is suing Utah in federal court in anticipation of a law — which hasn’t yet passed, but is advancing — that would ban proposition betting in the state. Kalshi is challenging what it characterized in the suit as “an intrusion into the federal government’s exclusive authority to regulate derivatives trading

Major Democratic donor and former candidate Stephen Cloobeck tried to put money this weekend on gubernatorial hopeful, Rep. Eric Swalwell, a close friend whose candidacy he has been actively

Prediction markets are under fire from Elon Musk’s X. According to a recent post by X’s head of product, Nikita Bier, the platform is creating a “world without prediction market spam.” The change of terms comes amid a US political fight over the future of prediction markets like Polymarket and Kalshi.

Prediction market Kalshi has filed a lawsuit against several Utah officials, including Governor Spencer Cox and Attorney General Derek Brown, over comments they made about prediction markets and anticipated regulations.

Many states have alleged that the online prediction community is essentially a front for gambling. At least 20 federal lawsuits have been filed nationwide, “disputing whether companies such as Kalshi and Polymarket should be treated as federally regulated financial exchanges,

Concerns raised that Kalshi’s use of the term “March Madness” could give an impression the NCAA supports the sports event contracts on offer.

The tide could be turning for Kalshi and sports predictions in the courtrooms as it won a preliminary injunction in Tennessee.