Tag: kalshi
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Red Sox Partner With Kalshi While Massachusetts Says It’s Illegal
The Boston Red Sox are promoting Kalshi even as Massachusetts considers the prediction market’s sports wagering business unlawful. On Friday, the Red Sox featured Kalshi as the presenting sponsor of the team’s official lineup on social media. The team also sent a marketing email to fans encouraging recipients to bet on sporting events through Kalshi.…
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NCPG Accuses NV Council Of Misrepresenting Kalshi-Related Exit
America’s largest problem-gambling advocacy organization is accusing its former Nevada affiliate of misrepresenting why their relationship ended. In an internal email reviewed by GamblingHarm.org, the National Council on Problem Gambling says records show the Nevada Council on Problem Gambling had already failed to renew its affiliation before the $2 million Kalshi relationship was publicly announced…
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CFTC Declares ‘Emergency’ To Protect Kalshi Versus New York
The Commodity Futures Trading Commission invoked its “emergency authority” after New York’s lawsuit against prediction-market company Kalshi, escalating the federal government’s fight with states over sports betting. On Tuesday, the CFTC announced that it ordered KalshiEX to keep operating under federal derivatives law after Kalshi notified the agency of a “market emergency.” The claimed emergency…
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NCPG Continues To Fracture With Nevada Council Exit
The Nevada Council on Problem Gambling plans to sever ties with the National Council on Problem Gambling (NCPG) over its controversial Kalshi partnership. Nevada Council Executive Director Trey Delap told the Nevada Current that the organizations are “no longer mission-aligned,” citing concerns about gambling harm, young people, and Kalshi’s effort to characterize its wagering products…
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Infamous Ex-Congressman Santos Slams Kalshi As ‘Predatory App’
Former U.S. Rep. George Santos, a Republican, called Kalshi a “predatory app” after settling federal allegations that he manipulated a prediction market tied to an event he personally controlled. On July 31, the Commodity Futures Trading Commission announced that Santos agreed to surrender $17,569.98 in profits, pay a $17,500 civil penalty, and accept a three-year…
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