#kalshi

North Carolina Bill Recognizes CFTC's ‘Federal Regulatory Authority’ Over Prediction Markets

The state's budget law leaves oversight of Kalshi and Polymarket to the CFTC and taxes them at 6%, far below what other states are pursuing.

Kalshi Plans Expansion Into Gold, Currency, and Energy Perpetual Futures Markets

Kalshi pursues regulatory approval for perpetual futures in gold, foreign exchange, and energy markets, expanding beyond crypto to compete with legacy exchanges. The post Kalshi Plans Expansion Into Gold, Currency, and Energy Perpetual Futures Markets appeared first on Blockonomi...

Kalshi targets gold perpetuals as Robinhood rivalry heats up

Kalshi is seeking approval for gold, forex, and energy perpetual futures, setting up a direct challenge to Robinhood's derivatives expansion.

Aaron Rupar and Judd Legum at Public Notice:

In December 2025, CNN and CNBC struck landmark deals with Kalshi, a leading prediction market. Since then, both networks have promoted Kalshi to viewers extensively, frequently vouching for its accuracy. The existence of a financial relationship between the networks and Kalshi, however, is disclosed to viewers inconsistently. Since December CNBC has published 58 articles that do little more than advertise the existence of a Kalshi market related to a news event. The headlines include “Traders predict Michael Jackson hits top Spotify after biopic,” “Kalshi traders don’t see Hormuz traffic normal until July,” and “Traders say Karen Bass and Spencer Pratt will advance to runoff in high-profile LA mayoral race.” (Pratt did not advance.) Since April, CNBC has employed a dedicated reporter to produce these articles. CNBC also maintains a page on its website featuring Kalshi prediction markets selected by CNBC editors, along with its web coverage.

Some of CNBC’s reporting about Kalshi includes the disclosure, “CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.” This means CNBC is paid every time it can convert a viewer to a Kalshi user. As an investor, the network also benefits if Kalshi’s overall valuation increases. CNBC is also paid directly by Kalshi for using its data, according to The Wrap. In at least 22 cases, however, CNBC has written about Kalshi and not disclosed its financial conflict. In recent weeks CNBC has more frequently failed to include its Kalshi disclosure, including two pieces on June 10, one each on June 11, June 15, June 16, and June 23, three pieces on June 26, and one each on July 1, and July 2. On air, where CNBC promotes Kalshi nearly every day, disclosure is also spotty. On June 26, during a Squawk Box interview with California Republican gubernatorial candidate Steve Hilton, host Andrew Ross Sorkin brought up the fact that Kalshi gives Hilton a 9.5% chance of winning the election. Producers then cut to a Kalshi graphic depicting those odds while a Kalshi QR code was displayed on the screen. The hosts never acknowledged CNBC’s financial relationship with Kalshi during the segment.

Similarly, during a news rundown on June 23, CNBC correspondent Contessa Brewer claimed that “prediction markets are hot, hot, hot” and mentioned that in recent days Kalshi and Polymarket “handled billions of dollars in trading volume” without disclosing CNBC’s business relationship with Kalshi. CNBC’s Fast Money and Squawk Box each recently hosted Kalshi co-founder and CEO Tarek Mansour for extended soft-focus interviews. On June 24, for example, Squawk Box host Joe Kernen gave Mansour an open mic to portray Kalshi as a “pro-regulation company” that has kept its hands clean as “our competitors” have been mired in insider trading scandals.

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CNN aired at least 115 segments promoting Kalshi

Since December, CNN has featured Kalshi in a segment called “The Odds” at least 115 times. In these segments, Harry Enten, CNN’s chief data analyst, frequently suggests that Kalshi predictions are more accurate than other sources. While polling relies on volunteers, Enten repeatedly reminds CNN viewers that prediction markets are driven by people who “put their money where their mouth is.” On January 7, Enten highlighted that, in six days, the odds on Kalshi that the United States would buy part of Greenland by the end of Trump’s first term increased from 12% to 36%. Enten said this was proof that “the people putting their money where their mouth is” are “absolutely taking this seriously.”

Great piece in Public Notice about Kalshi’s influencing of news content on CNBC and CNN.

See Also:

Spotify demands Kalshi remove its logo after streaming market scandal

Spotify has asked Kalshi and Polymarket to remove its logo after fake Spotify streams affected a prediction market settlement and drew scrutiny.

Prediction markets surge to nearly 5% of crypto spot exchange volume

Spotify has removed streams of a song that shot to the top of the charts on Wednesday after it discovered that suspicious bets related to the music track had been placed on the prediction market Kalshi.  The song “Earrings” by musician Malcolm Todd soared 70% overnight Sunday, earning it the top spot on Spotify’s U.S. streaming chart, the Financial Times first reported.  Spotify on Wednesday…