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Eli Lilly said it will spend $5 billion to build a manufacturing facility in Goochland County, Virginia, to boost production capacity for targeted cancer drugs and other treatments.
The plant is the company’s first of four planned U.S. manufacturing sites, which are expected to begin making medicines within five years.
Eli Lilly said the facility will help increase domestic manufacturing of targeted treatments called antibody drug conjugates and its monoclonal antibody portfolio.

Eli Lilly Biotechnology Center is shown in San Diego, California, March 1, 2023.
Mike Blake | Reuters

Eli Lilly on Tuesday said it will spend $5 billion to build a manufacturing facility in Goochland County, Virginia, to boost production capacity for targeted cancer drugs and other treatments — the first in a string of new planned U.S. investments by the drugmaker. 
The company announced in February that it would spend at least $27 billion to build four new domestic manufacturing plants, adding to $23 billion in previous investments since 2020. Eli Lilly said it will announce the three remaining U.S. sites this year and expects to begin making medicines at all four facilities within five years. 

Drugmakers have been scrambling to boost their production in the U.S. as President Donald Trump threatens to clamp down on the industry with tariffs on imported pharmaceuticals. Trump has said those levies will encourage companies to re-shore production after domestic drug manufacturing shrank dramatically over the past decade. 
In a release Tuesday, Eli Lilly said the new Virginia plant will develop active ingredients for cancer and autoimmune drugs, along with other advanced treatments. It will be the company’s first dedicated active ingredient and drug product site for its bioconjugate platform and portfolio of monoclonal antibody drugs. 
Eli Lilly said the facility will particularly boost domestic manufacturing of targeted treatments called antibody drug conjugates — a type of bioconjugate that links a monoclonal antibody to a toxic “payload” to kill cancer cells. Eli Lilly is among several pharmaceutical companies developing or currently marketing those drugs, which drugmakers are also studying in autoimmune conditions and other diseases. 
“This is new capacity to allow for pipeline growth. We’ve got a number of new assets coming that will use both biologics but also these antibody drug conjugates,” Eli Lilly CEO Dave Ricks said in an interview with CNBC. “This site will be unique in that we’ll be able to make that kind of medicine for us — we don’t currently have that capacity in the company — and even put it in the drug product form, so into the vial and ship it.” 
Ricks said the company will move some production from third parties and “other nodes in our network, mostly from Europe,” to the new Virginia site. 

Eli Lilly chose the state for the new plant “because of the location, logistics, the workforce, and frankly, just a site that’s ready to go,” Ricks added. He said the construction had begun on the facility in previous years for a different industrial use. 
“Now, utilities and all those things are all ready to roll, and we’re in a bit of a hurry to get these up and running as our pipeline is advancing,” Ricks said. 

David Ricks, CEO, Eli Lilly
Scott Mlyn | CNBC

He said “the main thing about building in America was really related to the tax situation” rather than the threat of pharmaceutical tariffs, adding that “it makes more sense to build in the U.S. than ever before.” Ricks previously touted Trump’s 2017 Tax Cuts and Jobs Act for pushing the company to increase its U.S. manufacturing investments. 
That legislation, passed by a majority-Republican Congress during Trump’s first term, was the largest tax code overhaul in nearly three decades and cut the corporate tax rate to 21%, among other efforts.
Eli Lilly said it will use advanced technologies such as machine learning and artificial intelligence at the site, which will “enable right-first-time execution, all in support of the safe and reliable supply of medicines.” 
The company said the site will bring more than 650 new jobs to Virginia, including engineers, scientists, operations personnel and lab technicians. It will also create 1,800 construction jobs in the region, the company said. 
Eli Lilly’s other U.S. plants include sites in North Carolina, Indiana and Wisconsin. 
The new U.S. investments build on the success of Eli Lilly’s weight loss drug Zepbound and diabetes counterpart Mounjaro, which have vied for dominance of the booming market for so-called GLP-1 drugs with rival treatments from Novo Nordisk. Both companies have funneled billions into boosting manufacturing capacity for those drugs, which has helped alleviate shortages of the treatments in the U.S. 
But Eli Lilly’s new investments aren’t solely dedicated to current and future obesity and diabetes treatments. The company is charting its future beyond Zepbound and Mounjaro, with hopes to deliver drugs from its broad pipeline of products for cancer, Alzheimer’s disease and other conditions.
— CNBC’s Angelica Peebles contributed to this report. More

J.P. Morgan Private Bank is launching a new lifestyle service for its wealthy clients.
The service will offer discounts and referrals on everything from private jet flights and travel to household staffing and art restoration.
The move comes as private banks and wealth management firms seek to find ways of serving clients outside of core investing and financial advice.

Private jets parked at the Friedman Memorial Airport during the Allen & Company Sun Valley Conference on July 10, 2025 in Sun Valley, Idaho.
Kevin Dietsch | Getty Images

J.P. Morgan Private Bank is launching a new lifestyle service for its wealthy clients, offering discounts and referrals on everything from private jet flights and travel to household staffing and art restoration.
The move comes as private banks and wealth management firms seek to find ways of serving clients outside of core investing and financial advice, which have become increasingly commoditized. J.P. Morgan said ultra-high-net-worth clients and family offices are more and more turning to their wealth advisors for broader nonfinancial advice.

“There is a growing trend among clients who want our advice outside of traditional wealth management,” said William Sinclair, co-head of J.P. Morgan Private Bank’s Global Family Office Practice. “They view J.P. Morgan as a trusted source because of our clients.”
The services will give J.P. Morgan Private Bank’s U.S. clients access to a specialized network of companies that have been carefully vetted and curated by the bank. There is no additional charge to access the services, and clients will get exclusive offers, free consultations, discounted rates and other deals from the companies on the platform.
The services include everything from private jet flights and luxury travel to household staffing, health-care management and collectibles advice. They also include aggregated financial reporting programs, bookkeeping and bill pay services (known as “CFO services”), which are in strong demand by ultra-wealthy investors and family offices.
For travel advice, clients will be able to access Valerie Wilson Travel, which J.P. Morgan acquired in 2022 as part of its purchase of travel management company Frosch. The bank didn’t name other companies available on the platform but said they include a wide range of providers across various services.

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In private aviation, clients will be able to choose from a jet card program, fractional ownership or charter, depending on their needs. For collectibles, clients will be able to get advice on managing, maintaining or selling their collections, from cataloging and restoration, to selling or buying in the primary or secondary markets.

For household staffing, clients will get access to recruiting firms that specialize in family offices and households. The service will also feature financial management services and financial reporting tools, where clients can see all of their investments in one place.  
Sinclair said private jet services tend to be the most requested by private bank clients, along with bill paying and payroll management for household employees. He said business owners who sell their enterprises often ask the bank to help find new health insurance plans.
Emily Margolis, head of lifestyle services for the private bank, said J.P. Morgan will add more services to the platform as it grows.
“We’re looking at physical security, insurance, more in-depth HR, areas that we see more requests,” Margolis said. More

United Airlines is expanding flying more than its competitors in the U.S.
CEO Scott Kirby told CNBC the carrier’s technology, on-board amenities like Bluetooth connectivity and seat-back screens, and network are drawing more customers.

Scott Kirby, CEO of United Airlines, speaks during the WSJ’s Future of Everything 2025 at the Glasshouse on May 29, 2025 in New York City.
Michael M. Santiago | Getty Images

NEWARK, New Jersey — An oversupply of flights forced airlines to cut fares this year and pushed carriers to scale back their growth plans.
United Airlines’ expansion, however, is outpacing its large-airline rivals, a plan CEO Scott Kirby told CNBC is paying off because of the company’s product, network and technology.

“This year is going to wind up demonstrating two things: If you’re a brand loyal airline, you’re resilient, even in downturn,” Kirby said in an interview Tuesday, referring to a customer pull-back earlier this year, when consumers weighed an onslaught of on-again-off-again tariffs. “And I think our fourth-quarter results are going to demonstrate the upside when the economy starts to recover.”
United will report third-quarter results and provide its fourth-quarter outlook in mid-October.
United is set to grow domestic U.S. capacity 5.7% in 2025 from last year, according to aviation-data firm Cirium. On average, U.S. airlines are expanding just shy of 2%, with Delta Air Lines and American Airlines domestic growth up about 3%, and Southwest Airlines growing 1.4% from 2024, Cirium data show.
“When you’re a brand loyal airline, we’re just a different place because customers are choosing us, and I think that’s one of the biggest changes in the industry,” Kirby said. “So many airlines thought of air travel as a commodity.”
Kirby was speaking at the airline’s hangar at Newark Liberty International Airport in New Jersey, where in June 2021, United unveiled new interiors for its fleet of narrow-body Airbus and Boeing planes. More

CNBC sat down for a podcast conversation with Willy Walker, chairman and CEO of Walker & Dunlop.
He touched on interest rates, land, labor, and Fannie Mae and Freddie Mac.
“There’s nothing independent about the way that Fannie and Freddie are being managed from a board standpoint today,” Walker said.

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.
The annual Zelman Housing Summit is a small but elite conference of public and private homebuilders, mortgage lenders, investors and financial analysts, run by one of the most well-known builder analysts, Ivy Zelman. When the conference started 18 years ago, it was focused primarily on residential housing. But by now the conversations have broadened – and this year’s conference focused particularly on multifamily, GSEs, labor and land. 

Four years ago, Zelman’s firm was acquired by Walker & Dunlop, a commercial real estate finance and advisory company. It’s a top GSE (Fannie Mae and Freddie Mac) multifamily lender. CNBC sat down for a podcast with Willy Walker, its CEO.
Below are some highlights from our discussion and from the broader conference:

Interest rates

Much of the conversation at Zelman surrounded interest rates, as the 10-year yield dropped again Thursday when the conference began. Walker said he was surprised at where interest rates are now and doesn’t expect them to stay there. 
“If you’d said to me three weeks ago that we’d have a 4.01% on the 10-year today, I would not have taken that bet,” he told CNBC. “Rates are much lower today than I thought they would be.” 
But then he noted that if you go back to 1980 and look at the nine Fed rate-cut periods over that 45-year period, cuts made in a recessionary environment brought longer-term bold yields down. Outside a recession, there was really no impact on long-term interest rates. 

“So as much as I’m expecting us to see at least a 25 basis point cut, and then probably another 25 basis point cut, even if you take 50 basis points out of the short end of the curve, I don’t expect it’s going to impact the long end of the curve very much,” Walker said.  

Fannie and Freddie

For builders as well as multifamily developers, the future of Fannie Mae and Freddie Mac are critical, and the uncertainty around what the Trump administration will do with them was a hot topic at Zelman.  
Walker noted that while commercial real estate suffered broadly in the past three years due to higher interest rates, multifamily had an advantage. When banks or CMBS issuers might not have been lending, Fannie and Freddie were always in the market to provide liquidity.
Now the conservator of the GSEs, FHFA Director Bill Pulte, as well as Treasury Secretary Scott Bessent have said there will be action to take the companies private and then ultimately to the public markets. Pulte told CNBC recently that the two would stay in government conservatorship and he expects to sell about 5% of them into the public markets. 

Walker & Dunlop chairman and CEO Willy Walker

Walker said he has a lot of concerns about the state of affairs for Fannie and Freddie, especially given recent reports of an argument between Pulte and Bessent that nearly turned physical. He likened the situation to that of flexible coworking company WeWork several years ago, which he said didn’t have a strong board to guide it. 
“I’m a publicly traded company. I have a very rigorous board that has independent directors,” Walker said. “There’s nothing independent about the way that Fannie and Freddie are being managed from a board standpoint today.”
And as for the dustup between Pulte and Bessent, Walker said, “The question there would be, who takes the lead? Who’s got the pen that says this is the plan of action for Fannie and Freddie?” 

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Land

Also among the concerns raised around the Zelman conference halls: land. 
“We don’t have a housing crisis, we have a land crisis,” said Adrian Foley, CEO of Brookfield Residential, a land developer and homebuilder on one of the conference panels. 
Builders for both single- and multifamily housing say they need more land entitlements and are hoping the Trump administration will facilitate that by opening up more federal land and helping ease zoning restrictions. 
“I love the equivalent of basically a CHIPS Act for housing,” Foley said in a CNBC interview. 

Labor

Doug Yearley, CEO of Toll Brothers, however, said even if there were enough land to build on, there aren’t enough workers to build on it.
Smaller builders have said they’ve lost labor due to the fear of ICE raids on job sites. There was a lot of talk at the Zelman conference about training more people to get into the business, given the number of immigrant workers who fuel the industry and are being increasingly threatened with deportation. 
The big public builders consistently say they’re not having major issues with ICE raids on their job sites, but they do bemoan the lack of labor overall.
“We need a healthy immigration policy,” Yearley said on a panel. “You go to any of our home sites, and it’s [like] the United Nations.” More

The Trump administration ordered Delta and Aeromexico to unwind their joint venture that let’s them coordinate schedules, pricing and capacity for flights between the U.S. and Mexico.
Both the Trump and Biden administrations had considered ending the joint venture amid a series of disputes about competition for flights between the two countries.
The order doesn’t undo Delta’s minority equity stake in Aeromexico.

An Aeromexico Boeing 737 MAX 8 taxis at Los Angeles International Airport on September 19, 2024 in Los Angeles, California. 
Kevin Carter | Getty Images

The Trump administration ordered Delta Air Lines and Aeromexico to end by Jan. 1 their nearly decade-old joint venture that allows them to coordinate schedules and prices for flights between the U.S. and Mexico.
“This action is necessary because of ongoing anticompetitive effects in U.S.-Mexico City markets that provide an unfair advantage to Delta and Aeromexico as two predominant competitors and create unacceptable actual and potential harm for stakeholders, including consumers,” the Transportation Department said in a filing late Monday.

Both Delta and Aeromexico said in separate statements that the carriers were disappointed by the department’s decision and were reviewing the order before considering next steps. Delta said it will “cause significant harm to U.S. jobs, communities and consumers traveling between the U.S. and Mexico.”
Aeromexico said that the carriers will continue to offer flights on each other’s airline as well as frequent flyer program reciprocity, in which customers can earn and burn miles.
The Biden administration had weighed withdrawing antitrust immunity for the joint venture, which began in 2016. The dispute with Mexico is part of a series of long-running complaints from the U.S. about competition between the two countries.
The Transportation Department proposed to unwind the venture in July, leading the airlines to object. Both airlines responded in a filing, saying that the partnership generated $310 million for the U.S. economy and, if unwound, would lead to a loss in economic benefits for the U.S., while the market will be captured by their competitors.
Monday’s order doesn’t change Delta’s 20% equity stake in Aeromexico.

Read more CNBC airline news More

Food-forward convenience stores are stealing breakfast customers from fast-food chains.
Morning meal traffic to fast-food chains rose 1% in the three months ended in July, while visits to food-forward convenience stores climbed 9% in the same period, according to Circana.
Prepared foods have offered a lifeline for convenience stores as demand for gasoline, tobacco and lottery tickets has fallen over time.

A Wawa store is seen on May 29, 2024 in Washington, DC.
Kent Nishimura | Getty Images

Fast-food restaurants are losing breakfast customers to convenience stores.
Morning meal traffic to fast-food chains rose 1% in the three months ended in July, while visits to food-forward convenience stores climbed 9% in the same period, according to market research firm Circana.

“Over the long run, convenience stores have taken share, really at foodservice overall, but the morning meal has been their strong suit,” David Portalatin, Circana senior vice president and foodservice industry advisor, told CNBC, noting the trend has largely been driven by what the group calls “food-forward convenience stores.”
For decades, McDonald’s and its rivals have tried to lure consumers away from home to eat their early morning offerings, betting that convenience and unique items will win over diners. While fast-food chains have made some inroads, 87% of what consumers eat and drink in the morning comes from their own refrigerators or pantries, according to Portalatin. That leaves plenty of opportunity for fast-food chains — and anyone else who wants a slice of the breakfast pie.

FILE PHOTO: A McDonald’s Corp. McGriddle breakfast sandwich is displayed for a photograph in New York, U.S.
Daniel Acker | Bloomberg | Getty Images

Before the pandemic, fast-food chains started seeing a new rival for their breakfast customers: convenience stores. Regional chains like Wawa in the Northeast and Casey’s General Store in the Midwest were expanding their reach and investing in their foodservice options, taking pages from the fast-food companies’ own playbooks.
For a time, lockdowns and the shift to hybrid work reversed those market share gains. But in the three months ended in July, food-forward convenience stores once again gained the upper hand in the battle to serve consumers breakfast, according to Portalatin.
Circana separates food-forward convenience stores like Buc-ee’s and Sheetz from the broader industry, although more chains may soon fit under that umbrella. 7-Eleven, the biggest convenience, or c-store, in the U.S., is planning to invest more in its prepared foods business, inspired by the success of its Japanese business. C-store chain RaceTrac on Wednesday announced that it’s buying Potbelly for about $566 million, although it’s unclear what its plans for the sandwich chain include beyond expanding its footprint.

Fast-food’s breakfast breakdown

In recent years, more diners have been watching their budgets, conscious of rising menu prices and a tight job market.
Year-over-year morning traffic to fast-food chains has fallen every quarter for the last three years, according to data from Revenue Management Solutions, which advises restaurants on how to increase sales and profits. In the second quarter, fast-food breakfast visits fell 8.7%.
To see the struggles, look no further than McDonald’s, which dominates the quick-service breakfast category.
“… The breakfast daypart is the most economically sensitive daypart, because it’s the easiest daypart of a stressed consumer to either skip breakfast or choose to eat breakfast at home,” McDonald’s CEO Chris Kempczinski said on the company’s earnings call in late July. “And we, as well as the rest of the industry, are seeing that the breakfast daypart is absolutely the weakest daypart in the day.”
McDonald’s morning visits accounted for 33.5% of its traffic in the first half of 2019 but fell to 29.9% in the first half of 2025, according to Placer.ai data. To try to drum up traffic, the chain has included breakfast items in its new Extra Value Meals, including a deal for a Sausage McMuffin with Egg with a hash brown and a small coffee for $5.
To reverse breakfast’s slide, fast-food chains are taking hints from their competition. After years of convenience stores looking to fast-food chains for ideas on how to grow prepared food sales, from installing ordering kiosks to new menu items, the dynamic has flipped.
“[Quick-service restaurants] are looking at late-night sales and early morning sales, and they are directly looking at convenience stores and saying, ‘What is working? How can we bring that to our stores?'” National Association of Convenience Stores spokesperson Jeff Lenard told CNBC.

The rise of the c-store meal

Prepared foods have offered a lifeline for convenience stores as demand for gasoline, tobacco and lottery tickets has fallen over time. The industry’s overall foodservice sales reached $121 billion in 2024, according to data from the NACS.
Most customers visit the gas pump during the morning and evening rush hours, on their way to and from work, presenting the perfect opportunity for c-stores to sell them breakfast or dinner. This year, 72% of consumers surveyed by InTouch Insight said they saw c-stores as a real alternative to fast-food chains, up from 56% a year ago and 45% two years ago.
Broadly, the c-stores that have focused on fresh food have been winning over more customers.
For example, Wawa has seen its customer base grow by 11.5% since 2022, while fast-food chains McDonald’s, Burger King and Wendy’s have seen their combined customer base shrink 3.5% in the same time, according to data from Indagari, a transaction data analytics firm.
The majority of 1,170 respondents to an InTouch Insight survey for CNBC said that they have purchased made-to-order breakfast from a c-store in the morning in the past three months. Forty-eight percent of respondents said that when they choose breakfast from a convenience store, they are replacing a visit that they might otherwise make to a fast-food restaurant like McDonald’s or Dunkin’.
Buying coffee and breakfast from a c-store likely won’t be cheaper than making it at home. But consumers perceive it as “good bang for their buck,” according to Sarah Beckett, vice president of sales and marketing for InTouch Insight.
Plus, c-store customers get a wider breadth of options. In addition to coffee, gas stations sell energy drinks, protein shakes and yogurt smoothies. And customers can pick up a granola bar or banana to accompany their breakfast sandwich. Fast-food chains lack that kind of variety.
But above all, what matters to consumers is the food itself.
“While [a] convenience store broadly does have some tailwind from being a lower price point, the ultimate differentiator, and what’s really going to set apart the winners from losers, is that quality aspect of it,” Circana’s Portalatin said.

Signage at a Casey’s General Store.
Courtesy: Casey’s General Stores

Brady Caviness, a 33-year-old account executive at Bailiwick who lives in Minneapolis, told CNBC that he indulges in a breakfast pizza from Casey’s General Store when he’s traveling. If he’s back home, where there isn’t a Casey’s nearby, he’ll stop by McDonald’s, Dunkin’ or Starbucks if he’s in the mood to buy his breakfast.
The Iowa-based chain is the country’s third-largest c-store chain and claims to be the fifth-largest pizza concept based on its number of locations. Casey’s reported same-store sales growth of 5.6% for its prepared food and dispensed beverages for the three months ended July 31.
Like Taco Bell’s Mexican Pizza, Casey’s breakfast pizza, topped with cheese, scrambled eggs and a choice of bacon, sausage or vegetables, has grown a cult following since its launch in 2001.
“I think Casey’s is kind of a unique thing,” Caviness said. “My whole life, I’ve had the Egg McMuffins.” More

Stellantis is no longer developing a full-size electric Ram 1500 pickup truck.
The auto industry has been dealing with slower-than-expected consumer interest in electric vehicles.
Ram said it would still plan to launch an extended-range electric truck, which is equipped with an electric generator and a gas engine.

Stellantis’ Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at the Venetian Resort Las Vegas on Jan. 5, 2023.
Ethan Miller | Getty Images

Stellantis’ Ram brand is canceling plans to develop a full-size electric Ram 1500 pickup truck, citing slowing demand for electric vehicles.
“As demand for full-size battery electric trucks slows in North America, Stellantis is reassessing its product strategy and will discontinue development of a full-size BEV pickup,” a company spokesperson said Friday in a statement, using the industry acronym for battery electric vehicles.

Stellantis had already delayed plans twice for the truck, which was originally expected to go on sale by the end of 2024.
Ram said Friday it would still plan to launch an extended-range electric truck, which is equipped with an electric generator and a gas engine. That truck is expected to come out next year.
The company said it would rename that extended-range truck from “Ramcharger” to the “Ram 1500 REV.”
The change comes as Ram CEO Tim Kuniskis, who unretired from the automaker late last year, has launched an aggressive turnaround for the embattled brand.
New Stellantis CEO Antonio Filosa has been dialing back some of former CEO Carlos Tavares’ initiatives and pledged in late July to make “the tough decisions needed to re-establish profitable growth and significantly improved results.”
The auto industry overall has been dealing with slower-than-expected adoption of electric vehicles. The Trump administration has also been looking to unwind many of former President Joe Biden’s initiatives to push the auto industry away from gas-guzzling internal combustion engines and has canceled tax credits for buying EVs.

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Massachusetts filed a lawsuit in state court Friday against Kalshi, alleging the predictions platform offers sports gambling without a license under the guise of events contracts.
In the brief filed with the Suffolk County Superior Court, Massachusetts argues Kalshi is making more money on sports wagers than legal, licensed sportsbooks.
Events contracts are regulated as a predictions market by the Commodity Futures Trading Commission. Kalshi has repeatedly argued in federal court that the CFTC’s status as a federal agency supersedes state regulators.

The Kalshi logo arranged on a laptop in New York, US, on Monday, Feb. 10, 2025.
Gabby Jones | Bloomberg | Getty Images

Massachusetts filed a lawsuit in state court Friday against Kalshi, alleging the predictions platform offers sports gambling without a license under the guise of events contracts.
“If Kalsi wants to be in the sports gaming business in Massachusetts, they must obtain a license and follow our laws,” Massachusetts Attorney General Andrea Joy Campbell said in a news release.

The state is also asking the court to prevent Kalshi from offering sports events contracts in Massachusetts while the lawsuit is pending.
Events contracts are regulated as a predictions market by the Commodity Futures Trading Commission. Kalshi has repeatedly argued in federal court that the CFTC’s status as a federal agency supersedes state regulators.
In the brief filed with the Suffolk County Superior Court, Massachusetts argues Kalshi is making more money on sports wagers than legal, licensed sportsbooks.
“Sports event wagers comprised approximately 70% of Kalshi’s trading volume between February 25, 2025, and May 17, 2025, which increased to 75% from March 18, 2025 onwards—Kalshi’s first day offering single-game March Madness markets,” the lawsuit says. “Kalshi made more from sports wagers than licensed sports wagering platforms DraftKings or FanDuel over the course of the same February through May timeframe.”

Arrows pointing outwards

A screenshot of the Kalshi platform included in a lawsuit by the state of Massachusetts against the predictions platform.

A Kalshi spokesperson told CNBC this week that $439 million worth of wagers had been placed on NFL contracts to date.
The company has been spearheading a national defense of sports prediction trades. This week, the company made oral arguments before the 3rd Circuit Court of Appeals in an appeal by the state of New Jersey, which was prevented from enforcing a cease and desist against Kalshi. More