From 6373e4e0bf19dec09cf4536c234aef622ef5f12c Mon Sep 17 00:00:00 2001 From: Teleo Agents Date: Wed, 18 Mar 2026 09:35:55 +0000 Subject: [PATCH] entity-batch: update 1 entities - Applied 1 entity operations from queue - Files: entities/internet-finance/kalshi.md Pentagon-Agent: Epimetheus <968B2991-E2DF-4006-B962-F5B0A0CC8ACA> --- entities/internet-finance/kalshi.md | 1 + 1 file changed, 1 insertion(+) diff --git a/entities/internet-finance/kalshi.md b/entities/internet-finance/kalshi.md index 9ab4e089..5892e9f1 100644 --- a/entities/internet-finance/kalshi.md +++ b/entities/internet-finance/kalshi.md @@ -49,6 +49,7 @@ CFTC-designated contract market for event-based trading. USD-denominated, KYC-re - **2025-04 to 2026-02** — Kalshi engaged in 50+ legal battles across 8+ jurisdictions over whether sports event contracts are federally preempted derivatives or state-regulated gaming, with conflicting district court rulings creating conditions for Supreme Court review - **2025-08-01** — Maryland District Court ruled against Kalshi in KalshiEx v. Martin, finding dual compliance with state gambling laws theoretically possible and rejecting field preemption argument (Fourth Circuit appeal No. 25-1892 pending) - **2026-01-09** — Tennessee Middle District Court ruled in favor of Kalshi in KalshiEx v. Orgel, finding impossibility of dual compliance and obstacle to federal objectives, creating circuit split with Maryland +- **2026-03-17** — Arizona AG filed 20 criminal counts including illegal gambling and election wagering — first-ever criminal charges against a US prediction market platform ## Competitive Position - **Regulation-first**: Only CFTC-designated prediction market exchange. Institutional credibility. - **vs Polymarket**: Different market — Kalshi targets mainstream/institutional users who won't touch crypto. Polymarket targets crypto-native users who want permissionless market creation. Both grew massively post-2024 election.