New York wants Kalshi treated like an unlicensed sportsbook, while the prediction-market operator insists its federal status puts it beyond state gambling control. New York Calls It Gambling, Full Stop New York Governor Kathy Hochul and Attorney General Letitia James have sued KalshiEX, accusing the company of operating an illegal gambling platform without approval from […]
Prediction Markets
IG Group Bets $1.3bn on Underdog and the Prediction Market Boom
The proposed takeover would push IG Group deeper into US sports and event contracts while leaving Underdog’s brand and app operating on their own. Cash, Shares and a Very Large Incentive Pot IG Group has agreed to acquire daily fantasy sports and prediction market operator Underdog in a deal worth up to roughly $1.3bn. The […]
South African Bookmakers Push to Keep Prediction Markets Outside Legal Gambling
South Africa’s bookmakers want prediction platforms blocked until lawmakers create clear rules covering licenses, consumer safeguards, taxation, and market integrity. Polymarket Wagering Sparks Regulatory Alarm The South African Bookmakers’ Association has urged regulators to keep offshore prediction markets out of the country’s licensed gambling sector. Its call follows reports that more than R700,000 was wagered […]
Nevada Lawmakers Target Sports Prediction Markets With Federal Ban
A bipartisan House bill would block federally regulated exchanges from offering sports prediction markets and casino-style contracts while returning control to state and tribal gaming authorities. Nevada Duo Takes Aim at Prediction Platforms Nevada Representatives Steven Horsford and Mark Amodei have introduced legislation designed to ban sports betting and casino-style products on federally regulated prediction […]
“Sounds Like a Bet”: Federal Judges Push Back on Kalshi’s Claim to Tribal Land
A trio of appellate judges spent Friday’s hearing sounding distinctly unconvinced by one of the prediction market industry’s central legal arguments — that betting on a football game somehow stops being a bet once it’s wrapped in the language of financial derivatives. The showdown, playing out at the Ninth Circuit in San Francisco, pits three […]
Polymarket Faces CFTC Heat as U.S. Comeback Gets Messy
A reported CFTC investigation has put Polymarket back under the regulatory microscope just as prediction markets are pushing deeper into the U.S. mainstream. A Probe at the Worst Possible Time The U.S. Commodity Futures Trading Commission (CFTC) is reportedly taking a broad look at Polymarket, the prediction market platform where users trade contracts tied to […]
Kalshi News Roundup: CFTC Rules, State Fights And Compliance Pressure
Kalshi’s latest news cycle is dominated by federal rulemaking, state-level legal fights, tighter compliance controls, and a major sports data partnership. CFTC Moves Toward a Prediction Market Rulebook The Commodity Futures Trading Commission has published a proposed rulemaking for event contracts, a move that could reshape how Kalshi and other prediction market operators list sports-related […]
World Cup Prediction Markets Blow Past $2B, And Sportsbooks Should Be Sweating
The 2026 FIFA World Cup has turned prediction markets into a massive live-money test, with Spain and France leading the early title race. Why $2 Billion Is Not What It Sounds Like More than $2 billion has already moved through World Cup prediction markets on Polymarket and Kalshi, but that does not mean $2 billion […]
Nevada Blocks Polymarket as Prediction Market Fight Gets Messier
Nevada has won a preliminary injunction against Polymarket, adding another court win to its campaign against prediction markets that look a lot like betting in a nicer suit. Judge Sides With Nevada Regulators The Nevada Gaming Control Board (NGCB) said Judge Jason Woodbury of the First Judicial District Court granted its motion for a preliminary […]
US Casino Bosses Like the Numbers, But Prediction Markets Are Crashing the Party
The American Gaming Association’s spring outlook shows U.S. gaming leaders still expect growth in revenue and investment, even as prediction markets, costs and regulatory fights become a much louder part of the room. A Healthy Market With a Nervous Edge The U.S. casino sector opened 2026 in solid shape. AGA’s Gaming Conditions Index rose 1.5% […]
