Kalshi and S&P Dow Jones Plan Event-Based Indexes as Gambling Lawsuits Mount

TL;DR: S&P Dow Jones Indices designated Kalshi as the preferred venue for contracts tied to its benchmarks and will use its data to build new indices. The platform has accumulated over $329.5 billion in trading volume so far this year, according to records from The Block. Several U.S. states, including New York, Connecticut, and Utah, maintain active litigation against the firm under state gambling laws. A new alliance was confirmed this Tuesday between Kalshi and S&P Dow Jones Indices. The partnership is set to structure event-based indices, linking official stock market benchmarks with direct prediction contracts. The agreement, officially announced on Monday, October 26, grants Kalshi a license as the preferred platform to list event contracts settling against official reference values managed by S&P Dow Jones Indices.

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