Tag: kalshi
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Kalshi Banned In MI As Judge Cites ‘Profound’ Mental Health Harm
A Michigan judge has issued a stronger ruling that, for now, bans Kalshi from offering sports betting in the state. The judge issued a preliminary injunction blocking Kalshi from offering sports-event contracts and, in doing so, blasted the prediction market’s impact on young people and those experiencing gambling harm. Ingham County Circuit Judge Rosemarie Aquilina…
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Are Heatwave Bets a Mass-Death Market Proxy?
On the prediction market Kalshi, you can wager on how long heatwaves will last and the maximum temperature some cities will record on a given day. Is this just an indirect way of betting on mass death and suffering? It’s a fair question, after Kalshi’s recent partnership with the Weather Channel, because phenomena linked to…
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Kalshi Loses Big As Ninth Circuit Rules ‘Sports Contracts’ Are Gambling
A federal appeals court handed Kalshi a major legal defeat on Aug. 28, a ruling that could send the legality of stock-market-style sports gambling under federal law to the Supreme Court next year. In a 3-0 ruling on the case, the federal appeals court said Kalshi’s so-called sports-event contracts are effectively sports bets and that…
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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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