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
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 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
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
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
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
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 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
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
The Danish Gambling Authority has secured a court order to block 98 gambling websites, including Polymarket, for targeting Danish players without a license. The move highlights ongoing challenges in curbing unauthorized online gambling
South Korea has authorized a block against Polymarket, joining a growing list of countries restricting access to the prediction market platform. The move highlights ongoing regulatory pressure despite Polymarket’s recent U.S. return
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
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
Baltimore has filed lawsuits against Kalshi and Polymarket, claiming the platforms violated local consumer protection laws by offering unlicensed sports betting. The case highlights ongoing disputes over prediction markets and regulatory oversight
JPMorgan Chase stopped providing banking services to Polymarket in October 2025, citing regulatory uncertainty. The move affects the federally licensed event exchange as it explores new funding and a potential IPO
Federal regulators are investigating so-called mention markets on platforms like Kalshi and Polymarket, where users wager on phrases spoken by public figures such as President Trump, raising concerns about insider trading and market fairness
Fliff and Onyx Odds have applied for registration as Futures Commission Merchants with the National Futures Association, signaling a possible move toward federally regulated event contracts as sweepstakes gaming faces increased regulatory attention
The White House is preparing to meet with crypto and prediction market executives on August 19, ahead of a key CFTC advisory session, with President Donald Trump possibly attending and regulatory priorities still unsettled
