Kalshi

Tracked across 2 regulatory actions from authority publications.

Moderate

7.0

Risk Score

€110,400

Fines (lifetime)

Total actions

2026-06-30

Most recent

Distinct authorities

How this risk score is calculated: we sum (log-scaled fine amount + action-type severity) for every published action against this entity, then apply 1-year exponential time decay so older actions weigh less. Range: Low (<5), Moderate (5–15), High (15–40), Severe (>40). Risk reflects regulatory exposure on the public record, not internal compliance posture.

▮ 12-Month Activity 2 actions · peak 1/mo

NDJFMAMJJASO

Action timeline

Other Michigan Gaming Control Board (MGCB) · United States · 2026-06-30

Michigan Gaming Control Board reacts to temporary restraining order against KalshiEX, unlicensed sports betting operation targeting Michigan families

The Ingham County Circuit Court granted a 14-day temporary restraining order (TRO) against KalshiEX, LLC, barring the prediction-market platform from offering, advertising, or facilitating internet sports betting to persons located in Michigan, and directing implementation of state-compliant geolocation technology. The order, secured by the Michigan Attorney General for the Michigan Gaming Control Board, imposes a fine of USD 120,000 per day for noncompliance.

Risk contribution: +4.61 (severity 1 · decay 0.762) €110,400

Player Protection Autorité Nationale des Jeux (ANJ) · France · 2026-02-24

Plateformes de marchés de prédiction : des sites illégaux en France qui peuvent présenter des risques pour les utilisateurs

The ANJ states that prediction market platforms are illegal in France and pose user risks; it requested major platforms to implement geoblocking to prevent play from France. The publication notes Polymarket and Kalshi as principal actors and details addiction and market-manipulation risks and international regulatory actions blocking access.

Risk contribution: +2.43 (severity 4 · decay 0.54)

Factual reporting based on official authority publications. Risk score is a quantitative model derived from public-record actions only — it is not a credit rating, legal opinion, or recommendation. If you represent Kalshi and need a correction, contact us with the source reference.