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
ParlayX has raised $1.25 million in pre-seed capital to build a non-custodial infrastructure for institutional prediction market trading, connecting multiple venues and onboarding its first market makers
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
The NFL has issued a renewed warning to prediction market platforms including Kalshi and Polymarket urging them to remove contracts tied to player injuries and other easily manipulated outcomes ahead of the 2026 season
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
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
A CNN analysis suggests users under 18 may be responsible for billions in trading volume on Kalshi, raising new questions about age restrictions, regulatory oversight, and the potential risks for young participants in prediction markets
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
The MLB Players Association told Congress it supports banning player prop bets and is open to restricting player involvement in sportsbook VIP promotions, but says MLB has not agreed to a joint lobbying effort
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
Kalshi has secured multi-year marketing partnerships with five Major League Baseball franchises, gaining in-stadium advertising rights and app-based promotions while league-wide terms remain under discussion
A new Morgan Stanley survey reveals that one in four of its North American summer interns used a betting or prediction market app in the past year, highlighting ongoing questions about age requirements and regulatory scrutiny in the US
With less than three months until Election Day, Kalshi prediction markets show the Senate majority is still up for grabs, with Alaska, Iowa, Michigan, Ohio, and Texas all rated as toss-ups and no party holding a clear edge
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
Fanatics Betting and Gaming has secured a non-exclusive deal with the NFL, making Fanatics Sportsbook and Fanatics Casino official partners as the league updates its approach to gambling partnerships ahead of the new season
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
Prediction Markets and Event Contracts
A detailed analysis of the 2026 Wisconsin Democratic gubernatorial primary on Kalshi shows how liquidity can vanish during live events, forcing traders to weigh execution risk against potential upside before results are known
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
