{"entity":{"id":7991,"slug":"kalshi","name":"Kalshi","type":"company","role":"CFTC-registered prediction market platform","description":null,"imageUrl":null,"createdAt":"2026-04-14T07:25:34.838Z","updatedAt":"2026-05-19T09:24:35.049Z"},"electedOffice":null,"significance":{"score":5,"components":{"totalFindings":0,"connectionDegree":2,"recentFindings90d":0,"activeResearchJobs":0,"goblinAttributions":3,"recentSyntheses90d":0,"moneyFlowChainsTotal":0,"closedLoopMemberships":0,"moneyFlowHopsRecent90d":0},"computedAt":"2026-10-16T01:34:31.424Z"},"facts":[{"id":20652,"text":"Kalshi reported opening 200 investigations into insider trading in prediction markets in past year, resulting in account freezes and fines","confidence":"secondary","dateOccurred":"2026-02-01","source":{"title":"NYU Law School speech","url":"https://news.bloomberglaw.com/legal-exchange-insights-and-commentary/insider-trading-in-prediction-markets-poses-compliance-risks","publication":"Directed Inquiry — Web Search"}},{"id":20114,"text":"Kalshi opened 200 investigations into insider trading in past year, resulting in account freezes, trader bans, and fines","confidence":"primary","dateOccurred":"2026-01-01","source":{"title":"Platform enforcement data","url":"https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=411027","publication":"Directed Inquiry — Web Search"}},{"id":20111,"text":"Kalshi achieved $11 billion valuation while Polymarket reached $9 billion valuation as of 2026","confidence":"primary","dateOccurred":"2026-01-01","source":{"title":"Financial reporting","url":"https://www.marketplace.org/story/2026/03/13/cftc-considers-regulating-prediction-markets-like-kalshi","publication":"Directed Inquiry — Web Search"}},{"id":20110,"text":"Prediction markets handled more than $40 billion in bets in 2025, quadrupling market size to $63.5 billion valuation","confidence":"primary","dateOccurred":"2025-12-31","source":{"title":"Industry analysis and news reports","url":"https://www.morganlewis.com/pubs/2026/03/securities-enforcement-roundup-february-2026","publication":"Directed Inquiry — Web Search"}}],"connections":[{"id":18440,"relationshipType":"oversight","description":"CFTC (led by Mike Selig) filed lawsuits against prediction markets; Kalshi is a known prediction market platform that would be subject to such CFTC jurisdiction actions.","confidence":"inferential","firstDocumented":"2026","lastDocumented":null,"other":{"id":9730,"name":"Mike Selig","slug":"mike-selig","type":"person"}},{"id":12655,"relationshipType":"oversight","description":"Project Crypto summit mentioned in context of SEC and CFTC joint announcement regarding prediction markets; Kalshi is a known prediction market platform regulated by CFTC.","confidence":"inferential","firstDocumented":"2026","lastDocumented":null,"other":{"id":9735,"name":"Project Crypto","slug":"project-crypto","type":"instrument"}},{"id":12353,"relationshipType":"regulated prediction market platform","description":"Kalshi is a CFTC-regulated prediction market exchange. An advisory release numbered 9185-26 could relate to Kalshi's operations or market rules as a registered entity under CFTC oversight.","confidence":"inferential","firstDocumented":"2026","lastDocumented":null,"other":{"id":8001,"name":"Prediction Markets Advisory Release 9185-26","slug":"prediction-markets-advisory-release-9185-26","type":"instrument"}},{"id":9256,"relationshipType":"oversight","description":"CFTC-registered prediction market platform subject to potential SEC jurisdiction for securities-based contracts","confidence":"likely","firstDocumented":null,"lastDocumented":null,"other":{"id":391,"name":"Securities and Exchange Commission","slug":"securities-and-exchange-commission","type":"government_agency"}},{"id":11413,"relationshipType":"competitor","description":"Kalshi is Polymarket's primary competitor in the prediction market space. Notably, Donald Trump Jr. also serves as a PAID advisor to Kalshi, creating a unique conflict where he advises both the largest prediction markets simultaneously. Polymarket has lobbied alongside Kalshi against state-level gaming regulations.","confidence":"primary","firstDocumented":null,"lastDocumented":null,"other":{"id":7992,"name":"Polymarket","slug":"polymarket","type":"company"}}],"contradictions":[],"permalink":"https://www.goblinhouse.net/entity/kalshi","timelineUrl":"https://www.goblinhouse.net/entity/kalshi/timeline"}