A new bipartisan bill could redraw the line between federally regulated prediction markets and state-controlled sports betting, with real consequences for operators and players alike. Congress Takes Aim at Sports Event Contracts A bipartisan pair of U.S. senators is preparing legislation to stop prediction market platforms from offering contracts tied to sports and certain casino-style […]
Sports Prediction
FanDuel Faces Tribal Backlash Over California Prediction Markets
Tensions flare as FanDuel quietly pushes into unregulated gaming territory, drawing sharp criticism from California’s tribal leaders. Tribal Leaders Call Foul on FanDuel The California Nations Indian Gaming Association is accusing FanDuel of sidestepping the law and threatening tribal sovereignty with its latest foray into prediction markets. “These platforms seek to bypass California law and […]
New York’s ORACLE Act Targets Sports Contracts on Prediction Markets
A proposed New York law could force platforms like Kalshi and Polymarket to rethink how they operate in the state. Crackdown on Sports Contracts in the Cards New York lawmakers are considering a bill that would put strict limits on prediction market platforms, particularly those offering sports-related contracts. The ORACLE Act (Assembly Bill A09251), introduced […]
Most Americans Say Prediction Markets Are Gambling — And Want Them Regulated Like Sportsbooks
Survey shows strong support for state oversight and tighter controls on betting-style platforms A new national survey from the American Gaming Association (AGA) confirms what many players already think: if you’re staking money on the outcome of a game, it’s gambling — no matter what the platform calls it. Prediction markets let users place real-money […]
Michigan Cracks Down on Unlicensed Sports Prediction Markets in Consumer Protection Push
State Regulator Targets Platforms Operating Outside the Law The Michigan Gaming Control Board (MGCB) has launched formal investigations into several platforms running unlicensed sports prediction markets, raising alarms over consumer safety and the integrity of the state’s legal gambling industry. Among the companies under scrutiny are Kalshi and Robinhood, both of which offer products allowing […]
