The CFTC issued a letter telling Kalshi, Polymarket and other platforms that displaying event contract prices as moneyline or American odds violates derivatives

New York filed a lawsuit against Kalshi claiming its prediction market products constitute illegal gambling under state law, as the platform expands nationally.

Kalshi implements new insider trading policies ahead of potential increased involvement by the Trump family in the prediction market space.

Senators warn that prediction markets offering bets on wildfire activity could incentivize arson and demand regulatory action.

DraftKings CEO Jason Robins called prediction markets 'peer-to-Wall Street' during Q2 earnings, arguing they complement rather than cannibalize sportsbook reven

Genius Sports signed official data agreements with Kalshi and Polymarket to provide settlement data for sports event contracts, and Polymarket added live sports

Polymarket changed its settlement mechanism following a study that documented an $8.2M manipulation of bets via a 5-second Binance move, including what it calle

The CFTC ordered both Kalshi and Polymarket to remove American-style gambling odds, escalating the regulator's fight over prediction markets behaving like sport

Polymarket is reportedly seeking a $400M funding round at a $15B valuation as prediction markets expand into sports.

Kalshi is reportedly seeking a $40B valuation, signalling it has overtaken Polymarket in market positioning despite Polymarket's own large raise.

Kalshi is tightening its insider trading rules with the Trump family reportedly seeking a larger presence in the prediction market space.

Genius Sports struck official data deals to settle contracts for both Kalshi and Polymarket, and Polymarket added live sports streaming through the arrangement.

A federal judge ruled Utah can enforce its anti-gambling laws against Kalshi's sports prediction contracts, a significant legal setback for the platform.

New York's lawsuit against Kalshi has taken on a partisan edge, with the company's chief counsel defending the platform as legal under federal law.

Kalshi faces backlash for prediction markets tied to individual medical outcomes, including a Guardian op-ed from a father whose son has cancer.

Genius Sports is expanding into prediction markets through data and streaming deals with Kalshi and Polymarket, signaling growing institutional interest.

Polymarket is reportedly seeking a new funding round that could value the prediction market platform at over $20 billion.

Prediction market odds on Kalshi indicate a strong probability the S&P 500 will reach 8,000 in 2026.

New York has sued Kalshi following a court ruling against the prediction market exchange in an ongoing regulatory dispute.

Reports indicate Polymarket is seeking a $1 billion funding round at a $20 billion valuation, a significant mark for the private prediction market.

Abdul El-Sayed won the Michigan Democratic Senate primary, and prediction markets continue to favor him over Republican Mike Rogers in the general election.

Texas state lawmakers are looking into the potential impact of prediction markets on elections amid growing trading activity.

Polls and prediction markets are being tracked to assess which party will control Congress after the 2026 midterms, with recent analysis pointing to a narrow Re

More than $100,000 has been wagered on Connecticut's primary elections through prediction markets, according to reporting.

Robinhood posted a record quarter driven by prediction markets, offsetting a crypto slump, as prediction market revenue surpassed stock trading revenue for the

A federal judge ruled that Utah's anti-gambling laws apply to Kalshi's sports event contracts, rejecting the exchange's argument that they are financial product

IG Group, a UK-based trading platform, is acquiring Underdog, a prediction markets operator, in a deal valued at up to $1.3 billion, signaling major institution

Polymarket is reportedly pursuing a valuation of $20 billion, reflecting explosive growth in prediction market volumes.

Novig has launched a federally regulated sports prediction market platform in 47 states via the Ludlow Exchange, one of the widest regulatory footprints for the

Genius Sports, the official data distributor for major sports leagues, signed a deal with Kalshi one day after announcing a similar agreement with Polymarket, e

New York state alleges Kalshi operates an illegal gambling operation, seeking billions in penalties, while a court rejected the CFTC's bid to halt the state cas

A federal judge denied Kalshi's request for a preliminary injunction, allowing Utah to enforce its anti-gambling laws against the prediction market's sports eve

A bipartisan group of senators presses the CFTC to block prediction markets on wildfires, warning they could incentivize arson amid record Oregon burns.

Novig debuted a federally regulated sports-event contracts market across most of the U.S. and immediately filed a federal suit against New York over state-level

At a Senate Indian Affairs roundtable, tribal gaming regulators urged Congress to add prediction market provisions to the Clarity Act, citing revenue and sovere

Kalshi separately asks courts to block Iowa's gambling law enforcement and files appeal in the Utah case, advancing alternative legal arguments under the Commod