FlightAware Sues Kalshi Over Flight Cancellation Prediction Markets

FlightAware is suing Kalshi for allegedly using its data to host unauthorized betting markets, raising concerns about safety risks for travelers and airport employees.

Kalshi Demands Netflix Remove Documentary Trailer

Kalshi, a prediction market, has demanded that Netflix remove the trailer for the upcoming documentary 'Instadocs: The Prediction Games' due to alleged defamatory content.

Kalshi Demands Netflix Remove Documentary Trailer Over Defamation Claims

Prediction market company Kalshi has sent a cease-and-desist letter to Netflix demanding that the streaming service remove the trailer for an upcoming documentary that Kalshi claims is defamatory and contains false information.

Meta to Develop Prediction Market App 'Arena' for Non-Monetary Betting

Mark Zuckerberg-backed Meta is reportedly developing a prediction market app, dubbed 'Arena', where users can earn points by making correct predictions on various topics, with the potential for monetary betting to be added later.

Kalshi Hits $22 Billion Valuation After Raising $1 Billion in Latest Funding Round

Prediction market startup Kalshi doubles its valuation to $22 billion after securing a $1 billion Series F round, with annualized revenue exceeding $1.5 billion.

Arizona's Case Against Prediction Market Kalshi Hits a Snag

A temporary restraining order has been issued by the Commodity Futures Trading Commission, preventing Arizona from pursuing its criminal case against Kalshi. The CFTC also filed suits to stop similar cases from moving forward in Connecticut and Illinois.