
States Can Treat Your Fintech App Like a Casino
A federal court ruled states can regulate the prediction market Kalshi under their gambling laws. This creates a complex and costly legal patchwork for fintech platforms trying to operate nationwide.
5 verified briefings on Kalshi. Each story includes a plain-English summary, why it matters, and the concrete action engineering teams should take.

A federal court ruled states can regulate the prediction market Kalshi under their gambling laws. This creates a complex and costly legal patchwork for fintech platforms trying to operate nationwide.

Texas lawmakers are debating whether to regulate prediction markets like Kalshi as financial exchanges or as gambling. This decision will set a major precedent for how new fintech platforms are treated across the U.S.

A federal agency used emergency powers to stop New York from shutting down prediction market Kalshi. The move signals a major clash over who regulates new financial tech, creating uncertainty for fintech founders and operators.

Spain's gambling regulator has ordered internet service providers to block access to prediction market platforms Polymarket and Kalshi. The move comes because the platforms lack the necessary gambling licenses to operate in the country, highlighting growing regulatory challenges for web3 and fintech services in Europe.

New Mexico is suing prediction market Kalshi, claiming it's an unlicensed online sports betting platform. The case highlights growing legal risks for fintech startups that blur the line between financial products and gambling.