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13 stories from Planck Standard. Latest: September 2, 2026.
WatchThe prediction market says the former congressman told his followers he was going to the State of the Union, then bet against himself. It is the first lifetime ban the company has ever issued.
Gabriel Perez had the speeches before the president delivered them. Kalshi's own surveillance system caught the pattern, froze more than $90,000 in his account, and referred him to federal regulators.
The ruling directly contradicts a 3rd Circuit decision from April. About 20 states are already in court over prediction markets, and both sides now expect the Supreme Court.
The National Indian Gaming Commission's enforcement powers belong solely to its chairperson. That seat has been empty for seven months, and no one has been nominated.
Attorney General Letitia James and Gov. Kathy Hochul allege the federally regulated exchange operates without a state gaming license and let users under 21 place bets. Kalshi and Polymarket now clear roughly $24 billion a month, up from under $5 billion last September.
Regulators say Gabriel Perez allegedly used advance access to Trump's prepared remarks to win nearly $100,000 on Kalshi 'mention markets,' and is now in settlement talks with the CFTC.
WatchThe disgraced former New York congressman, freed early after President Trump commuted his fraud sentence, is under Justice Department and CFTC scrutiny over tens of thousands of dollars in suspicious Kalshi bets, three people familiar with the trades say.
Prediction market platform takes unprecedented action against candidates who placed bets on primary campaigns they were directly involved in.
Platforms like Kalshi and Polymarket gain attention from investors and political observers, but experts warn the reality is more complex than promised.
A 20-count complaint alleging illegal gambling marks a major escalation in states' battle against the prediction market industry
State AG accuses platform of illegal gambling and election wagering, deepening a federal-state jurisdictional clash
Prediction market exchange faces its most serious legal threat yet as state escalates beyond civil action
The BETS OFF Act targets government officials suspected of wagering on military actions they had advance knowledge of