NCLGS Urges Congress to Classify Prediction Markets as Illegal Gambling
State gaming lawmakers adopted a resolution calling on Congress to clarify that prediction markets should be regulated as gambling.
Federal Judge Blocks Minnesota's Prediction Market Ban
The ruling pauses Minnesota's first-in-the-nation prediction market ban while the legal challenge moves forward.
Kalshi Agrees Cease Sports Event Contracts and More in Nevada
A settlement with Nevada regulators requires Kalshi to stop offering several prediction markets in the state by Aug. 12.
Bipartisan Bill Would Ban Sports Event Contracts on Prediction Markets
Nevada lawmakers have introduced legislation to ban sports event contracts on prediction market platforms.
Netflix Short-Turn Documentary to Reveal Prediction Markets’ Rise in Gambling
They brand themselves as financial instruments, which allow users to compete in a peer-to-peer system without house-imposed vigs.
Underdog Launches Its Own CFTC-Regulated Prediction Market Exchange
The DFS operator has transitioned from third-party exchanges to operating its own prediction market platform.
Washington Judge Blocks Kalshi Sports Event Contracts
The ruling marks another legal setback for Kalshi as states challenge sports event contracts.
Kentucky Sports Betting Age Raised to 21 Under New Law
House Bill 904 introduces several changes to Kentucky sports betting, including a higher minimum age.
Trump Teleprompter Operator Under CFTC Investigation Over Kalshi Trades
Investigators allege the White House staffer profited from nonpublic knowledge of presidential speeches.
Tribe and State Interests Align In The Fight Against Prediction Markets, Says UNLV Law Professor Danielle Finn
UNLV law professor Danielle Finn says tribal and state gaming interests, usually at odds, are now aligned against prediction markets — with over 20 lawsuits alleging violations of federal Indian gaming law and billions in lost tax revenue at stake.