Nevada Says Kalshi Violated Geofence Agreement, Seeks $120K Daily Fine
The Nevada Gaming Control Board says Kalshi failed to properly block event contract trading in the state and is seeking a $120,000-per-day penalty.
Kalshi-Catalist Sports Partnership Announcement Disappears Hours After Reveal
A multi-year partnership between Kalshi and Catalist Sports was announced Tuesday morning, but the announcement disappeared from Catalist's website just hours later.
Polymarket Preparing to Launch Parlays for US Traders
Polymarket is preparing to roll out parlay-style combination contracts in the US, with the product currently undergoing beta testing.
Trump Media Scraps Truth Predict Launch, Opts for Crypto.com Marketing Deal
Trump Media is no longer launching Truth Predict on Truth Social, instead opting for a marketing agreement that directs users to Crypto.com.
DraftKings Predictions Preparing to Add Parlay-Style 'Combos'
DraftKings is preparing to introduce "combos," a parlay-style product that would allow prediction market traders to combine multiple outcomes.
CFTC Orders Kalshi to Keep Offering Event Contracts Despite New York Lawsuit
The CFTC is ordering Kalshi to continue operating its event contract markets as New York seeks to stop the prediction market platform.
Nevada Problem Gambling Group Cuts Ties With NCPG Over Kalshi Partnership
The Nevada Council on Problem Gambling is severing ties with the national organization over its relationship with prediction market Kalshi.
Kalshi Enforcement Head Says Platform Isn't a Sportsbook or Casino, Criticizes New York Lawsuit
Kalshi's Head of Enforcement, Robert DeNault, defended the platform's business model as it faces an ongoing legal battle in New York.
Federal Judge Rules Utah Gambling Laws Apply to Kalshi
A federal judge has sided with Utah in its legal battle with Kalshi, ruling that federal law doesn't prevent the state from enforcing its gambling laws.
Novig Launches Nationwide Prediction Market, Sues New York
Novig has launched its federally regulated sports prediction market while simultaneously taking legal action against New York regulators.