1+ week, 6+ day ago   (554+ words) Sports-related event contracts are not “swaps,” according to a federal appeals court. The Supreme Court, however, will likely have the final say whether states can regulate prediction markets. On August 28, the Ninth Circuit Court of Appeals rejected Kalshi’s request for…...

2+ week, 1+ day ago   (463+ words) Canadian regulators have made a clear distinction between sports betting and event contracts, at least for the immediate future. On August 27, the Canadian Securities Administrators (CSA) clarified that prediction markets involving sports and entertainment won’t be treated as securities products....

2+ week, 5+ day ago   (455+ words) DraftKings has leveraged a legal loophole to offer sports betting in California. The popular sportsbook launched a predictions platform in the Golden State, drawing concerns from state regulators and tribal gaming leaders. DraftKings launched DraftKings Predictions, a standalone app, in…...

3+ week, 4+ day ago   (452+ words) Prediction market operators are seeking favorable resolutions in a growing list of contentious battles involving event contracts regulation. President Donald Trump is expected to attend a White House meeting Wednesday, August 19, with executives from the prediction market industry and senior…...

3+ week, 5+ day ago   (410+ words) Kalshi and Polymarket’s legal battles are piling up in several states. Now, the city of Baltimore is taking action against the prediction market operators. On August 13, Baltimore Mayor Brandon Scott filed a lawsuit against Kalshi and Polymarket, accusing the prediction…...

3+ week, 5+ day ago   (462+ words) Kalshi is still available in Washington State, but its betting markets have been heavily restricted following a ruling from a King County Superior Court judge. Kalshi must also implement IP address and residency-based geofencing by August 19 to prevent prohibited wagering....

1+ mon, 4+ hour ago   (562+ words) The already contentious issue of prediction market legality intensified significantly in New York. On August 12, the Commodity Futures Trading Commission (CFTC) invoked emergency powers to keep Kalshi operational in the Empire State. Like several other states embroiled in legal battles…...

1+ mon, 2+ week ago   (910+ words) Five years ago, few people searched Google for “sports betting addiction.” The phrase barely registered in the data. Since then, Google searches for “sports betting addiction” have steadily increased, coinciding with an industry that has gone from a Nevada-only novelty…...

1+ mon, 2+ week ago   (636+ words) Kalshi has threatened legal action against Netflix over a trailer for The Prediction Games, an upcoming documentary about the rapid growth of prediction markets. The company claims the preview uses misleading material to suggest that Kalshi allowed a sports contract…...

1+ mon, 2+ week ago   (553+ words) Nevada residents will have limited access to Kalshi as of August 12 thanks to a new court filing. The prediction market platform will face daily penalties of up to $120,000 if it doesn’t block Nevada users from sports, entertainment, and election markets....