Gate News message. On April 14, the prediction platform Kalshi released a video teaser, announcing that it will launch a new product on April 27. The video shows a green spiral gradually forming an everlasting ring, finally displaying the words "Timeless" (eternal). The community speculates that this update may be introducing an open-ended perpetual prediction market without an expiration date, breaking through the existing time-limit constraints of Kalshi’s event contracts, and improving trading flexibility.

The U.S. CFTC and the Department of Justice are asking a federal court to stop Arizona from enforcing its state gambling laws against prediction market operator Kalshi, arguing that its contracts should be regulated by federal oversight rather than state statutes. Related criminal charges have been filed, and the hearing is scheduled for April 13.

Gate News message, on April 7, the U.S. news network Fox News officially integrated the Kalshi platform, using prediction market mechanisms to add accountability to news reporting while encouraging content to be closer to the facts. As one of the three major mainstream U.S. news networks, Fox News hopes to use prediction markets to eliminate bias, strengthen accuracy, and ensure that news reporting is not influenced by political stances, with correctness as the guiding principle.

Gate News message, April 7, Kalshi’s latest data shows that the market is betting on a 98% probability that the Federal Reserve will hold steady in April this year, and a 2% probability of a 25-basis-point rate cut. As of now, trading volume in this prediction market has exceeded $10 million.

American prediction market platform Kalshi made progress in its legal dispute with the state of New Jersey, as a court ruled that its contracts fall under federal regulation and are not gambling. The decision emphasized that the product meets the definition of a “swap transaction,” protecting Kalshi’s operations within the state. This case marks the first time a federal court has considered the legality of a prediction market, and increased attention will be paid to a unified regulatory framework going forward.

Gate News message: On April 4, former Obama presidential campaign manager Stephanie Cutter joined prediction market platform Kalshi as a policy advisor.

A Nevada judge ruled that Kalshi’s sports prediction market products have no substantive difference from gambling, extended the injunction prohibiting it from offering related services locally until the case is further considered. Regulators believe it should be subject to the state’s gambling regulations.

In the first quarter of 2026, funding for crypto startups nearly reached $5 billion, down 16% year over year. Funds flowed into practical sectors, where prediction markets led the way, raising more than $1.7 billion. Top investment institutions are accelerating their entry, and major funding projects include Kalshi and Polymarket.

Gate News message, April 3, former Obama presidential campaign manager Stephanie Cutter joined prediction market platform Kalshi as a policy advisor.

The U.S. Commodity Futures Trading Commission filed a lawsuit seeking to stop the State of Illinois from regulating prediction markets, arguing that the state’s actions infringe on federal regulatory authority. This case marks the CFTC’s first legal action to challenge state-level gambling regulation. The dispute began when Illinois issued a cease-and-desist order to the prediction market Kalshi, alleging it violated the state’s gambling laws.