Reuters Poll Finds Most Americans Oppose Election Prediction Markets
A new Reuters/Ipsos poll reveals bipartisan opposition to election prediction markets ahead of the U.S. midterms.
Prediction Markets Retreat From Michigan, Connecticut, Missouri Amid Legal Pressure
Prediction market operators are withdrawing or restricting sports contracts in three states amid lawsuits and regulatory enforcement.
Seminole Tribe Sues DraftKings Over Prediction Markets, DFS in Florida
The Seminole Tribe is suing DraftKings over its Florida prediction market and DFS offerings, seeking an injunction and profits.
Pennsylvania, Wyoming Advance Proposals to Ban Sweepstakes Casinos
Pennsylvania and Wyoming are pursuing legislation to target sweepstakes casinos, as more states move to restrict dual-currency gaming platforms.
NFL Backs New Jersey in Supreme Court Fight Over Prediction Markets
The NFL is siding with New Jersey in its Supreme Court battle over the legality of sports prediction market contracts.
Michigan Orders 33 Offshore Gambling Operators to Cease Operations
Michigan regulators are targeting 33 offshore gambling platforms as part of an ongoing crackdown on illegal gambling.
Connecticut Says Prediction Market Platforms Are Leaving After Cease-and-Desist Orders
Connecticut says prediction market operators are leaving the state following cease-and-desist notices over sports event contracts.
Pennsylvania Player Loses $25K on Kalshi Despite Gambling Self-Exclusion
A self-excluded Pennsylvania player lost more than $25,000 after gaining access to prediction market platform Kalshi.
Bank of America Upgrades DraftKings Stock to Buy After Recent Slide
Bank of America upgraded DraftKings to buy after shares fell 47% over the past year.
Illinois Judge Rules Kalshi Sports Contracts Likely Qualify as Swaps
Kalshi scored a legal victory in Illinois after a judge ruled its sports event contracts likely qualify as federally regulated swaps.