Regulation· ★★★· neutral·

Kalshi CEO Mansour defends prediction markets as state legal fights mount

  • —Mansour says markets beat polls because wrong traders lose real money
  • —Kalshi daily volume hit about $2.7 billion on October 26; 30-day volume near $90 billion
  • —The company is reportedly seeking a new round at around a $40 billion valuation
  • —New Jersey petitioned the Supreme Court in September 2026 over CFTC oversight of event contracts
Why it matters: The outcome of the states-versus-CFTC dispute will decide whether event contracts stay under federal derivatives rules or face state gambling bans.
Source: Crypto Briefing
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