Four New Mexico tribes have asked a federal judge to force Kalshi to block its sports betting app on tribal lands, escalating a legal fight over whether federal or tribal law controls online prediction markets in the state
The American Gaming Association projects $29.5 billion in legal NFL wagers for 2026 but warns that prediction markets are siphoning off growth and tax revenue as they offer sports contracts nationwide without state oversight
A federal appeals court has backed Nevada’s authority to ban Kalshi’s sports event contracts, intensifying the legal and regulatory fight over prediction markets and raising new concerns for tribal gaming revenue
The NFL has issued a direct warning to prediction market operators to pull specific bet types from their platforms ahead of the season opener, setting itself apart from MLB and NHL which have embraced such markets
A Michigan judge has barred Kalshi from offering sports contracts in the state, imposing a $500,000 daily penalty for violations and escalating the legal standoff between the prediction market and state regulators
A Michigan court has ordered Kalshi to halt all sports event contracts in the state and implement strict geofencing, with a $500,000 daily penalty for noncompliance. The ruling outlines seven regulatory violations and sets a new enforcement benchmark
New Jersey has formally asked the U.S. Supreme Court to decide if Kalshi and similar prediction markets can legally offer sports betting contracts, escalating a federal dispute that could reshape state and federal gambling oversight
New Jersey has asked the U.S. Supreme Court to resolve whether prediction market sports contracts fall under federal or state regulation, following conflicting appellate rulings and mounting industry uncertainty
Boom Sports users will soon be able to trade federally regulated sports event contracts in-app, as the platform integrates ProphetX’s CFTC-approved prediction market exchange
A federal appeals court has reinforced state power over sports prediction markets, but Arizona’s separate legal battle with Kalshi over election contracts remains unresolved, leaving the future of event wagering regulation in flux
Oklahoma tribal leaders are sounding the alarm as Congress considers expanding CFTC oversight of prediction markets, a move they say could erode tribal gaming authority and reshape the state’s gambling landscape
Kalshi has secured a multi-year partnership with the US Open, becoming its official prediction market partner. The deal expands Kalshi’s presence in mainstream sports but comes as the platform faces ongoing regulatory and legal scrutiny
Polymarket’s valuation has surged to $21 billion after 1789 Capital, led by Donald Trump Jr., committed $300 million in a new $1 billion funding round, intensifying debate over federal and state oversight of prediction markets
Kalshi has permanently banned former U.S. Rep. George Santos after its compliance team found he likely engaged in insider trading by betting on his own State of the Union attendance, raising new questions about enforcement in prediction markets
The Commodity Futures Trading Commission has settled with Gabriel Perez, Donald Trump’s teleprompter operator, over alleged insider trading on Kalshi. Perez avoids prison and faces a trading ban, but the penalty is less than his total profits
Canadian regulators have clarified that prediction markets offering sports event contracts will not be treated as securities or derivatives, signaling a firm stance against their expansion in Canada
A federal appeals court has ruled that Nevada can enforce its gambling laws on Kalshi’s sports event contracts, rejecting the operator’s claim that federal CFTC oversight preempts state regulation and setting up a potential Supreme Court review
Kalshi is under mounting legal and regulatory pressure as multiple states pursue litigation, federal authorities investigate prediction market trading, and new geolocation requirements take effect in key markets
A wave of new prediction market ETF filings from firms like Roundhill Investments, Bitwise, and GraniteShares is testing the SEC’s regulatory approach, with no approvals yet and key risks still unresolved
A federal appeals court has ruled that Nevada gaming regulators can oversee Kalshi’s sports event contracts, rejecting the platform’s attempt to block state regulation and raising new questions about federal and state authority
The Commodity Futures Trading Commission has issued emergency directives telling prediction market platform Kalshi to continue operations in states where courts and regulators have ordered it to stop, raising new questions about federal and state authority
The future of prediction markets in U.S. tribal gaming faces a turning point as dozens of court cases challenge federal oversight, with a Supreme Court decision likely to determine regulatory authority
A CFTC emergency order instructing Kalshi to keep trading in New York despite a state court order has drawn sharp criticism from tribal-gaming attorneys and raised new questions about federal and state regulatory boundaries
Polymarket has introduced NFL injury report event contracts for the 2026 season, expanding its sports event offerings as regulatory and league scrutiny over prediction markets and contract manipulation risks continues
A growing legal dispute between U.S. states and the Commodity Futures Trading Commission over sports event prediction markets could reach the Supreme Court, with major implications for state gambling regulation and federal oversight
Wipfli is working with over 100 tribal casinos across the U.S., focusing on financial health, technology upgrades, and risk management as tribal operators face new challenges from prediction markets and evolving regulatory oversight
Gemini Space Station and Apex Fintech Solutions have signed a letter of intent that could make Gemini Titan the exclusive regulated venue for crypto event contracts distributed to Apex brokerage clients, pending final agreement
CFTC Chair Michael Selig has proposed new federal rules for prediction markets, aiming to clarify regulatory authority and consumer protections as lawsuits and state challenges intensify
A Washington court has ordered Kalshi to halt sports, politics, and event contract trading for state users, with full geofencing required by September 2 or face steep fines. Other states and operators are also facing legal and regulatory pressure
The Commodity Futures Trading Commission’s Innovation Advisory Committee held its first meeting, spotlighting sharp disagreements over prediction market regulation, manipulation risks, and the ongoing clash between federal and state authority
The Commodity Futures Trading Commission revealed a new regulatory roadmap for prediction markets, sparking debate among major platforms and industry leaders over contract approval, manipulation risks, and federal versus state authority
President Trump pressed Congress to advance the Clarity Act during a White House meeting focused on crypto regulation, while prediction market companies were notably left out despite earlier expectations of their participation
The Commodity Futures Trading Commission’s approach to prediction markets is under fire as state and tribal regulators challenge federal intervention, raising questions about the future of event contracts and regulatory authority
Kalshi has removed all sports-related mention markets from its platform as the Commodity Futures Trading Commission reviews the category, raising questions about the future of speech-based betting contracts
Trading volume on US midterm election prediction markets has already exceeded the total for the 2024 cycle, with platforms like Kalshi and Polymarket seeing rapid growth and increased regulatory attention before November's elections
Novig has filed lawsuits against Wisconsin, Massachusetts, New Mexico, New York, and Washington, challenging state efforts to restrict its federally regulated sports prediction markets just weeks after its national relaunch
A new Gallup poll shows a decline in self-reported gambling among U.S. adults, with traditional forms like lottery and casino play seeing the largest drops. The findings raise questions about changing attitudes and reporting habits
A record surge in World Cup betting activity has highlighted the rapid growth of legal sports wagering in the US, with operators and prediction markets now preparing for a potentially unprecedented NFL season as regulatory challenges continue
Polymarket US has started beta testing parlay contracts after self-certifying its new product with the Commodity Futures Trading Commission, but access remains limited as the platform refines its multi-outcome trading system
A Washington state court has ordered Kalshi to suspend its most popular prediction markets and implement strict geofencing, marking a significant regulatory move that could impact how event contracts are offered in the state
