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Pinned Tweet
May 13
EXCLUSIVE: Kalshi retail bettors have lost more than $100 million on parlays this year.
Feature story here: sportico.com/business/sports…
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Dan Bernstein retweeted
Jun 13
BREAKING: Nevada seeks to hold Kalshi in contempt for failing to comply with state court order requiring it to geofence so that it does not offer any sports-, election-, or entertainment-related event contracts to persons within Nevada, seeks "significant monetary penalties."
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Dan Bernstein retweeted
Jun 11
Kalshi petitioned the federal government to crack down on offshore exchanges like Polymarket, its top rival, in a portion of a letter to the CFTC that flew under the radar.
There's no indication the CFTC will listen to the request.
sportico.com/business/sports…
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Jun 11
Kalshi petitioned the federal government to crack down on offshore exchanges like Polymarket, its top rival, in a portion of a letter to the CFTC that flew under the radar.
There's no indication the CFTC will listen to the request.
sportico.com/business/sports…
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Jun 11
As I've written before, the CFTC's ability to go after platforms that are purportedly offshore is unclear, though it has pursued legal action against individual bettors this year.
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Jun 12
Some more context on the cross-border jurisdiction issue from a story I wrote earlier this year.
sportico.com/business/sports…
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Dan Bernstein retweeted
Jun 12
NEW: Kalshi Perpetuals are now live for the general public—and a proprietary trading terminal, Kalshi Pro, is rolling out later this summer.
The company made the announcement at a Kalshi Perpetuals event tonight.
More updates to come…
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Dan Bernstein retweeted
Jun 11
I originally read this as “Kalish’s Push To Punish Polymarket” which is defintely a sign I need to go on vacation and touch grass
Jun 11
Kalshi petitioned the federal government to crack down on offshore exchanges like Polymarket, its top rival, in a portion of a letter to the CFTC that flew under the radar.
There's no indication the CFTC will listen to the request.
sportico.com/business/sports…
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Dan Bernstein retweeted
Jun 11
Netflix is cautiously optimistic about the launch of its new soccer game—FIFA World Cup: Launch Edition—banking on how much its players will enjoy the gameplay as opposed to its visuals.
My story, with @dan_bernstein_, at @Sportico: sportico.com/business/tech/2…
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Dan Bernstein retweeted
Jun 10
Lots of interesting tidbits from today's CFTC's prediction market rules proposal.
My analysis ⬇️
sportico.com/business/sports…
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Jun 10
-DraftKings' bold gaming ask
-Kalshi's injury contract
-Age limits
And much more!
Jun 10
Lots of interesting tidbits from today's CFTC's prediction market rules proposal.
My analysis ⬇️
sportico.com/business/sports…
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.@CFTC Seeks Public Comment on Notice of Proposed Rulemaking Concerning Event Contracts Involving Enumerated Activities: cftc.gov/PressRoom/PressRele…
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Dan Bernstein retweeted
WSJ exclusive: the CFTC is set to propose rules on prediction markets today. Most sports contracts would be allowed, but not some micro-bets on player injuries or the first pitch in an MLB game. War bets will be a no-go zone. From my colleague @dgtokar wsj.com/finance/regulation/t…
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Can add that this was rolled out to some users over the weekend.
Jun 9
SCOOP: Kalshi will start requiring users to fill out a form reflecting their employment in order to gain access to select prediction markets in an effort to combat potential insider trading.
Sensitive betting markets related to issues such as company performance and national security, including the war in Iran, are expected to require employment disclosure.
Kalshi won’t verify the employment information provided by users unless the company learns of suspicious activity.
The increasing popularity of prediction markets like Kalshi and Polymarket has compounded pressure on them to address suspicious activity, with lawmakers, regulators and prosecutors raising concerns about insider trading.
Story w/ @kryshur and @ByKLong
wsj.com/finance/regulation/k…
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It's a straightforward pop-up form that asks for employment category and then a blank space to type in name of employer. No document uploads required at this time.
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Kalshi put a screenshot in the press release it just released about this
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Dan Bernstein retweeted
On Thursday in midtown NYC, Club @Sportico is hosting a membership gathering to showcase the new Backyard Baseball video game.
- Play the game 🎮
- Eat pizza 🍕
- Earn prizes (like the game itself) 🎁
Join the Club (and the party!). Details here 👇
club.sportico.com/p/backyard…
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The Better Business Bureau has launched an inquiry into whether Kalshi is breaking federal advertising disclosure rules, per @InGameHQ
ingame.com/bbbs-advertising-…
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Funny thing to not be prohibited from the start
Jun 8
NEW: Kalshi now says it prohibits paid creators from calling into question the integrity or accuracy of an election, legal ruling or official determination in connection with an election.
It follows Kalshi cracking down on paid affiliates who were spreading misinformation about California's election.
Polymarket has not responded to questions about whether it is acting on paid affiliates amplifying election misinfo, nor if it has any rules against it.
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