[Prediction Market Platform Kalshi Begins Preliminary IPO Talks with Investment Banks] Odaily Planet Daily News: According to informed sources, prediction market platform Kalshi has disclosed that it is in early, informal discussions with investment banks regarding an IPO. A Kalshi spokesperson declined to comment. Previously, the state of Kentucky in the United States filed lawsuits against five prediction market platforms, including Kalshi and Polymarket, accusing them of operating unlicensed illegal sports betting and gambling platforms. At least 17 other states have also taken prediction market operators to court, with disputes involving the U.S. Commodity Futures Trading Commission (CFTC) and its regulatory authority over event contracts. (Cointelegraph)