Kalshi
Kalshi is a prediction‑market exchange that faced 13 felony counts in Utah on Oct. 28, 2026, after a special agent placed 12 sports wagers totalling $115. The agent used a Utah residential address, phone number and locally issued debit card; Kalshi allowed a $10 wager on a Cowboys‑Giants game after a location‑service check and collected a 44‑cent fee. The charges include 12 third‑degree felony counts of online gambling promotion, one second‑degree felony count of pattern of unlawful activity, and one misdemeanor gambling‑promotion count. Kalshi’s founders, CEO Tarek Mansour and COO Luana Lopes Lara, were named co‑defendants. The filing follows Utah’s civil lawsuit against Kalshi and the Commodity Futures Trading Commission’s lawsuit to block Utah’s enforcement actions against federally registered exchanges. In 2026, Kalshi’s 30‑day trading volume reached approximately $15.8 billion.· Entity summary generated by Graphiti
Relation timeline
BY VALID-FROM DATE- DraftKingsDEPOSIT ONKalshi
About 3% of DraftKings customers also deposit on Kalshi
- UtahFILED CHARGES AGAINSTKalshi
Utah filed criminal charges against Kalshi and its co‑founders
- KalshiFACE CRIMINAL PROSECUTIONUtah
Kalshi faces criminal prosecution in Utah after undercover investigation
- Tenth CircuitDENIED SUSPENSION FORKalshi
Tenth Circuit declined to suspend enforcement against Kalshi while the company appeals
- KalshiACCUSESUtah
Kalshi accuses Utah of playing politics regarding its prosecution
- TalosRESEARCHED PRICING DIFERENCES INKalshi
Talos conducted Oct. 28 research into pricing differences across Senate markets, which involve Kalshi’s Senate contracts.
- CryptoSlatePUBLISHESKalshi
CryptoSlate publishes the article titled "Kalshi’s Senate contracts can settle on different answers to the same election" that discusses Kalshi’s Senate markets.
- KalshiLEAD FUNDING BYCoatue
Kalshi was valued at $22 billion in May, when it completed a $1 billion Series F round led by Coatue Management
- KalshiPARTNERSHIP WITHNational Basketball Association
The NBA named Kalshi as a preferred prediction‑market exchange
- KalshiREPORTED INThe Wall Street Journal
Kalshi said its non‑sports markets now generate more than $1 billion in annualised revenue, according to The Wall Street Journal
- UtahSUEDKalshi
Utah sued Kalshi last week
- KalshiREPORT TRADING VOLUME BYDefiLlama
Kalshi recorded approximately $15.8 billion in trading volume over the past 30 days, according to DefiLlama data
- KalshiCOLEAD FINANCING BYWellington Management
Kalshi’s Series G round was co‑led by Wellington Management
- KalshiCOLEAD FINANCING BYSequoia Capital
Kalshi’s Series G round was co‑led by Sequoia Capital
- KalshiHAS CORRELATION WITHBitcoin
Kalshi’s Democratic Senate‑control probability displayed a correlation of –0.02 with Bitcoin’s daily returns in 2026 through October 26.
- UtahFILED CHARGES AGAINSTKalshi
Utah filed felony charges against Kalshi
- Commodity Futures Trading CommissionTARGETSKalshi
The Commodity Futures Trading Commission targeted Kalshi
- Special Agent Scott EggermanCREATED ACCOUNT FORKalshi
Special Agent Scott Eggerman created an undercover Kalshi account
- UtahCLAIMSKalshi
Utah claims that federal registration does not exempt Kalshi from state gambling restrictions
- UtahFILED CHARGES AGAINSTKalshi
Utah filed 13 felony charges against Kalshi
- Special Agent Scott EggermanCONFIRMED LOCATION TOKalshi
Kalshi required Special Agent Scott Eggerman to confirm his Utah location before a transaction
- OhioSUESKalshi
Ohio sues Kalshi
- WisconsinSUESKalshi
Wisconsin sues Kalshi
- NevadaSUESKalshi
Nevada sues Kalshi
- KentuckySUESKalshi
Kentucky sues Kalshi
- New YorkSUESKalshi
New York sues Kalshi
- MassachusettsSUESKalshi
Massachusetts sues Kalshi
- MichiganSUESKalshi
Michigan sues Kalshi
- Utah Attorney General Derek BrownACCUSESKalshi
Attorney General Derek Brown accuses Kalshi of running an online casino
- PolymarketHAS RIVALKalshi
Kalshi is the main rival of Polymarket
- KalshiHAS RIGHTS TO USENational Basketball Association
Kalshi will have rights to use NBA intellectual property.
- KalshiHAS ACCESS FROMSportradar
The agreements give Kalshi access to official NBA data supplied by Sportradar.
- KalshiPRICED FORFlávio Bolsonaro
Kalshi priced Flávio Bolsonaro at roughly 80% chance on Sunday morning.
- KalshiBECOMES PREFERRED PLATFORM FORS&P Dow Jones Indices
Kalshi will become a preferred platform for contracts linked to S&P Dow Jones Indices
- S&P Dow Jones IndicesWILL EXPLORING DEVELOPMENT OFKalshi
S&P Dow Jones Indices will explore developing indexes using Kalshi's prediction market data
- KalshiPARTNERED WITHS&P Dow Jones Indices
Kalshi partnered with S&P Dow Jones Indices
- KalshiSHARES INTEGRITY DATA WITHNational Basketball Association
Kalshi will share integrity data with the National Basketball Association, report suspicious trading, and cooperate on investigations to enforce restrictions against insider trading and manipulation.
- National Basketball AssociationPARTNERS WITHKalshi
National Basketball Association partnered with Kalshi as a preferred exchange for prediction markets.
- KalshiPRICEDFlávio Bolsonaro
Kalshi priced Flávio Bolsonaro at roughly 80% before the vote
- KalshiSPEAKS AS PARTICIPANTFM Summit London
(35) Kalshi participates as a speaker at FM Summit London
Relations are facts Graphiti extracted from reports, not verbatim quotes. An end date means later reporting showed the relation no longer holds.
Events 12
- A $10 sports bet helped trigger 13 felony charges against Kalshi in Utah2 cited reports · 2026-10-30
- Polymarket and Kalshi Get a Rival as DraftKings CEO Sees ‘Extraordinary’ Upside1 cited report · 2026-10-30
- Kalshi’s Senate contracts can settle on different answers to the same election1 cited report · 2026-10-30
- HYPE teases all-time high as NYSE owner ICE eyes US Hyperliquid perps1 cited report · 2026-10-30
- Kalshi raises $1B at $40B valuation as non-sports revenue run rate tops $1B1 cited report · 2026-10-29
- Polymarket built a $14 billion US trading business almost entirely on sports bets1 cited report · 2026-10-29
- CFTC sues Utah to block action against prediction markets4 cited reports · 2026-10-28
- A $3M Hedge, a Midterm Test and Retail's Rise: Prediction Markets at NEXTPredict1 cited report · 2026-10-28
- Polymarket Has Investigated 'Dozens' of Midterm Election Bets: Report1 cited report · 2026-10-27
- NBA names Kalshi, Polymarket preferred exchanges, signs CFTC deal3 cited reports · 2026-10-27
- Brazil’s Stock Market Crashes After Lula’s Upset Victory1 cited report · 2026-10-27
- Kalshi strikes deal with S&P Dow Jones Indices to expand financial event contracts1 cited report · 2026-10-26
Source reports 30
- A $10 sports bet helped trigger 13 felony charges against Kalshi in UtahCryptoSlate · 2026-10-30
- Polymarket and Kalshi Get a Rival as DraftKings CEO Sees ‘Extraordinary’ UpsideBeInCrypto · 2026-10-30
- Kalshi’s Senate contracts can settle on different answers to the same electionCryptoSlate · 2026-10-30
- HYPE teases all-time high as NYSE owner ICE eyes US Hyperliquid perpsCointelegraph · 2026-10-30
- Kalshi raises $1B at $40B valuation as non-sports revenue run rate tops $1BCointelegraph · 2026-10-29
- Bitcoin options carried a far smaller election premium than in 2024CryptoSlate · 2026-10-29
- Utah Files Felony Charges Against Kalshi, Co-Founders Over Sports BetsDecrypt · 2026-10-29
- Polymarket built a $14 billion US trading business almost entirely on sports betsCryptoSlate · 2026-10-29
- CFTC sues Utah to block action against prediction marketsCointelegraph · 2026-10-28
- U.S. agency hits Utah with lawsuit to shield Kalshi's ability to offer betting thereCoinDesk · 2026-10-28
- CFTC sues Utah as battle over prediction market regulation intensifiesThe Block · 2026-10-28
- Brazilian companies turned to stablecoins on election day to dodge a currency crashCoinDesk · 2026-10-28
- A $3M Hedge, a Midterm Test and Retail's Rise: Prediction Markets at NEXTPredictDecrypt · 2026-10-28
- Polymarket Has Investigated 'Dozens' of Midterm Election Bets: ReportDecrypt · 2026-10-27
- NBA names Kalshi, Polymarket preferred exchanges, signs CFTC dealCointelegraph · 2026-10-27
- NBA becomes third league to sign CFTC prediction market pact, taps Kalshi and PolymarketThe Block · 2026-10-27
- Brazil’s Stock Market Crashes After Lula’s Upset VictoryDecrypt · 2026-10-27
- NBA joins pro sports leagues on CFTC prediction markets bandwagon while NFL balksCoinDesk · 2026-10-26
- Kalshi strikes deal with S&P Dow Jones Indices to expand financial event contractsCointelegraph · 2026-10-26
- FM Summit London Opens Registration for 15th Edition on Nov. 24BeInCrypto · 2026-10-23
- Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sportsCoinDesk · 2026-10-23
- Phantom rolls out Kalshi prediction markets to US users, says it’s ‘confident and comfortable’ amid state lawsuitsThe Block · 2026-10-23
- Fake election polls expose a Kalshi loophole that could leave traders paying for fraudCryptoSlate · 2026-10-23
- Bitcoin circles $81.5K ETF cost basis as Trump Iran comments send stocks lowerCointelegraph · 2026-10-23
- CME CEO Says Crypto Perps Are Swaps While Suing CFTC Over Their ApprovalBeInCrypto · 2026-10-22
- Kalshi Pushes Deeper Into Crypto Derivatives With Bitcoin-Backed Margin LoansBitcoin Magazine · 2026-10-22
- Utah AG sues Kalshi, pursues profits from prediction market companyCointelegraph · 2026-10-21
- Utah likens Kalshi to a ‘back-alley gambling den’ in lawsuit naming Susquehanna firmsThe Block · 2026-10-21
- The Midterms Are the First Real Test of Whether Markets Beat PollstersDecrypt · 2026-10-21
- BlackRock seeks to shield bitcoin investors from losses after rival fund weathers 50% crashCoinDesk · 2026-10-20