Svmuu News: According to sources familiar with the matter, 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 filed a lawsuit against five prediction markets, including Kalshi and Polymarket, alleging they operated unlicensed, illegal sports betting and gambling platforms. At least 17 other states have also taken legal action against prediction market operators, with the disputes centering on the U.S. Commodity Futures Trading Commission’s (CFTC) regulatory authority over event contracts. (Cointelegraph)