A Washington State court granted a preliminary injunction requiring Kalshi to cease offering sports and political event contracts in the state by Sept. 2, rulin

The City of Baltimore filed lawsuits against Kalshi and Polymarket, claiming their event contracts constitute illegal, unregulated sports betting and that the p

JPMorgan Chase dropped Polymarket as a banking client last year due to concerns about the legal and regulatory risks posed by the prediction market's operations

The White House has scheduled a summit with executives from crypto and prediction market firms for Aug. 19, coming days after Baltimore's lawsuit and Washington

The Commodity Futures Trading Commission is investigating so-called 'mention markets' - contracts whose names allude to sports teams without explicitly naming t

The CFTC warned event contract platforms that promotional language suggesting trades are 'risk-free' could violate self-certification requirements and accurate-

Kalshi is reportedly in discussions with Sequoia Capital and Wellington Management for a $750 million funding round that would value the prediction market compa

New York City officials gave four prediction market companies 14 days to respond to allegations that their advertising misleads consumers about the nature and r

Apex Fintech Solutions integrated Kalshi's event contracts into its brokerage infrastructure, allowing financial advisors and retail investors to trade predicti

A US survey found that a large majority of prediction market participants lose money and many turn to debt, raising consumer protection concerns as the industry

A senior aide to UK politician Nigel Farage maintained a hidden Polymarket account that placed wagers on Donald Trump winning the 2024 presidential election, th

A federal judge ruled that Connecticut may impose its sports betting regulations on Kalshi, allowing the state to treat prediction market contracts as gambling

A surprise primary result in Wisconsin led to inaccurate political prediction market odds, with forecasters significantly overpricing one candidate and drawing

Bernstein analysts predicted that the legal status of prediction markets will eventually reach the Supreme Court, as state and federal regulators clash over cla

US senators warned that prediction markets offering wagers on wildfire outcomes could incentivize arson and called on the CFTC to ban such event contracts.

DraftKings filed CFTC self-certifications for nine football-related event contracts on its DKeX prediction exchange, expanding its sports prediction product lin

Polymarket traders sharply increased the implied probability of a Bank of Japan interest rate hike as Japanese authorities stepped back from direct yen interven

Bernstein Research projected that the global prediction market industry could grow to $1 trillion in notional volume by 2030, citing increasing adoption by both