Kalshi, a prediction market platform, has partnered with CNN as the network’s official partner. Through this deal, CNN’s newsroom will utilize Kalshi’s real-time market data to inform its insights into key areas, including politics, the economy, and major cultural events.
The idea, Kalshi claimed in a statement, is that forecasting market information would be a “powerful complement” to CNN’s reporting. It added, “Journalists can more easily surface credible information to their audiences about the real-time probabilities of future cultural and political events.”
Kalshi says it hopes to provide accurate, real-time data to reporters and audiences
CNN noted that its chief data analyst, Harry Enten, will manage and implement the integration of Kalshi data across programming, and a new Kalshi-powered ticker will be used throughout segments with inputs from the platform.
Kalshi also asserted that the goal of the partnership is to provide audiences with accurate, real-time signals on emerging market trends. The platform has already established itself as a trusted source for journalists, political figures, and both Wall Street and Main Street. Quite recently, it accurately predicted the NYC Mayoral race only eight minutes after the polls closed.
Kalshi’s CEO, Tarek Mansour, also affirmed that prediction markets offer a fresh perspective on public sentiment. As a result, users are seeking information that is communicated through price changes rather than speculation, he said, adding that his platform is transitioning from debate and opinion to market-based accuracy.
Kalshi’s weekly volumes have surpassed $1 billion
The platform posted $4.54 billion in trading activity in November, as opposed to $4.49 billion in October, according to Token Terminal data. Its weekly volume also rose above $1 billion, reflecting a more than 1,000% increase since 2024.
Its nearest competitor, Polymarket, logged $3.76 billion in November after a total of $3 billion in October. Kalshi also secured $1 billion of Series E funding from Paradigm, along with funding from Sequoia Capital, Andreessen Horowitz, and ARK Invest, which helped lift its valuation beyond the $5 billion mark it set in October.
However, the prediction platform is still dealing with a nationwide class action lawsuit. The company was accused of acting as an unlicensed sportsbook and exaggerating advantages over traditional betting markets, in violation of Massachusetts state gambling laws.
The partnership is also at a juncture when the regulation of prediction markets in the US remains a highly contested landscape. Several event-contract platforms regulated by the Commodity Futures Trading Commission (CFTC) have struggled with whether markets linked to political results, sports results, or cultural events represent financial instruments or unlicensed gambling products.
In recent years, the agency has sought to prohibit or limit the election-related contracts of several platforms, maintaining that these types of markets could erode public confidence or be manipulated. Kalshi itself has previously faced scrutiny over political contracts, mirroring the broader uncertainty faced by an industry that continues to grow at a speed far beyond regulators’ ability to draw clear lines.
The state is seeking monetary damages, civil fines, and a court order banning Kalshi from placing sports wagers without the appropriate licensing. It alleges the company handled more than $1 billion in sports bets in 3.4 million wagers from January through June 2025.
Sports contracts have constituted 70-75% of Kalshi’s activity during the same period, well beyond the levels seen at licensed operators DraftKings and FanDuel. However, the company has shown no signs of wrongdoing.
At the same time, Mike Novogratz’s Galaxy Digital is reportedly in talks with Polymarket and Kalshi to serve as a liquidity provider; on-chain betting on real-world deals is gaining momentum among both retail traders and Wall Street.
Claim your free seat in an exclusive crypto trading community - limited to 1,000 members.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
