# Are Prediction Markets Legal? The Kalshi Lawsuit and What It Means for Investors

Page: https://stenobird.com/podcast/investtalk-442958/are-prediction-markets-legal-the-kalshi-lawsuit-and-what-it-means-for-investors
Text version: https://stenobird.com/podcast/investtalk-442958/are-prediction-markets-legal-the-kalshi-lawsuit-and-what-it-means-for-investors.md
Podcast: [InvestTalk](https://stenobird.com/podcast/investtalk-442958)
Published: 2026-08-05T00:05:19+00:00
Episode link: http://investtalk.com
Audio file: https://pdst.fm/e/pscrb.fm/rss/p/mgln.ai/e/137/audio3.redcircle.com/episodes/94002160-8754-42ad-a9e9-3b34648a5a64/stream.mp3
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Duration seconds: 2669

## Resource

New York just sued prediction market platform Kalshi, calling it an illegal gambling operation — even as sophisticated traders pour into these markets using AI bots and advanced data strategies. We examine what prediction markets tell us about information pricing and whether they belong in an investor's toolkit. Today's Stocks & Topics: Modine Manufacturing Company (MOD), Market Wrap, Matador Resources Company (MTDR), Global Financial System, Newmont Corporation (NEM), Are Prediction Markets Legal? The Kalshi Lawsuit and What It Means for Investors, Roth I-R-A, Anheuser-Busch InBev SA/NV (BUD), Microchip Technology Incorporated (MCHP), abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD), Data Centers. Our Sponsors: * Check out Anthropic and use my code claud.ai/invest for a great deal: https://www.anthropic.com * Check out Quince and use my code quince.com/INVEST for a great deal: https://www.quince.com Advertising Inquiries: https://redcircle.com/brands

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## Transcript

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