Kalshi news
The latest Kalshi update, October 29, 2026: Kalshi raises $1B at $40B valuation, plans single-stock perps and indices. Kalshi's Series G, co-led by Wellington and Sequoia, funds new products and expansion in Latin America and Europe. Checked against Kalshi's own announcements or two reputable outlets.
Updated 2026-10-29 · all venue newsOfficial site: kalshi.com
Product October 29, 2026
Kalshi raises $1B at $40B valuation, plans single-stock perps and indices
Kalshi announced on 29 October 2026 a $1 billion Series G at a $40 billion post-money valuation, co-led by Wellington and Sequoia. The company says it will use the money to launch new products, including indices, single-stock perpetual futures and compute markets, and to expand internationally.
Who is affected: Kalshi traders following its move beyond event contracts, especially US perps users waiting for single-stock contracts.
Availability October 28, 2026
Phantom opens Kalshi prediction markets to eligible US users
Phantom said on 28 October 2026 that it is opening prediction markets to all eligible users in the United States through its first US integration with Kalshi, a CFTC-registered exchange. The staged rollout began on 23 October, and US users can now trade crypto up/down contracts (including Bitcoin markets that settle every 15 minutes), sports, and economics and politics markets inside the Phantom app.
Who is affected: Phantom users in the US (outside Michigan, Nevada and Washington) who pass Kalshi's identity checks; existing Kalshi customers who want to trade from a self-custodial wallet app.
Regulatory October 28, 2026
Utah files 14 criminal counts against Kalshi and its founders; CFTC sues Utah
Utah Attorney General Derek Brown's office filed criminal charges on 28 October 2026 against KalshiEX LLC, chief executive Tarek Mansour and chief operating officer Luana Lopes Lara, accusing them of promoting illegal gambling in the state, according to Decrypt and CoinDesk. The charges came a day after the Commodity Futures Trading Commission (CFTC) sued Utah in federal court to stop the state's enforcement actions against CFTC-registered exchanges.
Who is affected: Kalshi users in Utah, and anyone tracking whether states can restrict CFTC-registered prediction markets.
Regulatory October 27, 2026
Kalshi sues Missouri to block enforcement against its sports event contracts
KalshiEX LLC sued Missouri Attorney General Catherine Hanaway, the Missouri Gaming Commission and its commissioners in the US District Court for the Eastern District of Missouri on 27 October 2026. The suit asks the court to stop the state from enforcing a cease-and-desist letter against Kalshi's sports event contracts.
Who is affected: Kalshi users in Missouri who trade sports event contracts.
Regulatory October 23, 2026
Kalshi and Polymarket US sue Louisiana to block enforcement against sports contracts
KalshiEX LLC sued Louisiana Attorney General Liz Murrill, Governor Jeff Landry, the Louisiana Gaming Control Board and other state officials in the US District Court for the Western District of Louisiana on 23 October 2026. QCX LLC, which runs Polymarket US, filed a similar suit against the attorney general and Gaming Control Board members in the Eastern District of Louisiana on 27 October. Both ask the courts to stop the state enforcing its gambling laws against their federally regulated exchanges.
Who is affected: Kalshi and Polymarket US users in Louisiana who trade sports event contracts.
Official site: kalshi.com
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