#kalshi

#kalshi

The National Collegiate Athletic Association (NCAA) is again turning up the pressure on prediction market operator Kalshi, this time tying its trademark concerns directly to March Madness, the association's signature men's and women's basketball tournaments. The NCAA claims that Kalshi has used its name, marks and event branding in ways that suggest an official link. March Madness is owned and controlled by the NCAA, and the association says any implication of endorsement or verification crosses a legal line.

The complaint argues that the platform's event contracts, which allow users to trade on outcomes including sports games, function the same way as banned wagers. According to the filing, consumers who lose money on those contracts are being harmed. Reynolds is seeking damages and restitution for a proposed class, along with a declaratory judgment and a jury trial. The Oregon case joins similar litigation already moving through courts elsewhere.

Nevada gaming regulators have taken their fight with Kalshi to court, filing a civil enforcement lawsuit just hours after a federal appeals panel declined to pause the dispute. The move came Tuesday, shortly after the U.S. Court of Appeals for the Ninth Circuit rejected the company's emergency request for an administrative stay. The Nevada Gaming Control Board said it lodged its complaint in the First Judicial District Court in Carson City on February 17. Through the filing, regulators are asking a judge for "a declaration and injunction to stop Kalshi from offering unlicensed wagering in violation of Nevada law."

This week: Anthropic released an update that seems to have tipped the scales against Software as a Service companies, erasing billions in market value. Felix Salmon, Elizabeth Spiers, and Emily Peck, unpack why there was such a massive market response to such a small AI plugin, and what it says about the future of tech investment. Then, Disney has finally named a new CEO in Josh D'Amaro.

Nothing makes Americans want to gamble like the Super Bowl. Every year, the game is reliably the biggest day for sports betting: On platforms such as FanDuel and DraftKings, people are already putting money down on which team will win the opening coin toss, how long the national anthem will be, and what color of Gatorade will be used to douse the winning head coach.

They describe this as being part of their mission of giving back to the city they call home. After months of planning, we're excited to announce 'The Polymarket' is coming to New York City. New York's first free grocery store. We signed the lease. And we donated $1 million to Food Bank For NYC - an organization that changes how our city responds to hunger. 🧵 pic.twitter.com/BGMCWUMz8n - Polymarket (@Polymarket) February 3, 2026

At leading prediction market Kalshi, more than $47 million has been staked this season on what are known as NFL announcer mention markets, where users trade on the probability of what the play-by-play broadcaster or color analyst will -- or will not -- say during games. Since September, the average amount risked on NFL announcer mention markets has grown more than seven times, from less than half a million per game at the start of the season to $3.55 million on the AFC and NFC championship games

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Time Magazine revealed its Person of the Year for 2025. It wasn't one person, but many different people who are all at the helm of pushing AI technology. This has caused some prediction market gamblers who had bet on AI itself earning the distinction to start yelling a lot online. It's very funny, but also a horrible glimpse at our bet-on-everything future.

Kalshi and Polymarket maintain their platforms offer "event contracts" between private parties that should be regulated like commodities rather than traditional gambling subject to state oversight; an argument that has received pushback from government officials, NBC Chicago said. Companies like Kalshi and Polymarket should "package sports betting as events contracts" to circumvent established gaming regulations, state attorneys general claimed in a lawsuit in June.

The Axios report continued: The collaboration marks the first major news partnership for Kalshi, as it looks to establish itself as the most authoritative source of information about the real-time probabilities of major cultural and political future events, CEO and co-founder Tarek Mansour tells Axios. As part of the deal, Kalshi prediction data will be featured on-air as a real-time data ticker. There will also be prediction market content related to politics, news, culture and weather,