Utah, United States, brings criminal charges against Kalshi and its co-founders over sports prediction activities.Kalshi says it will fight the charges; the case came the day after CFTC sued Utah.
A PitchBook report estimates Kalshi’s base-case valuation at approximately $30.4 billion, with the optimistic scenario reaching as high as $42.1 billion; regulatory litigation involving sports prediction products could affect its growth expectations.
