Kalshi issued its first-ever lifetime ban and a $71,356 fine to former U.S. Rep. George Santos after concluding he likely used non-public information to trade S

The U.S. Court of Appeals for the Ninth Circuit rejected Kalshi's argument that its event contracts are swaps, affirming states' authority to treat sports predi

Axios reports that Donald Trump Jr.'s investment firm is set to lead a $1 billion fundraise for Polymarket, with Trump Jr. profiting from both sides of the Kals

Kalshi suspended North Carolina congressional candidate Laurie Buckhout and former Maine gubernatorial candidate Ben Midgley for violating its ban on betting on

The prediction market leaders saw their joint trading volume drop for the first time in 12 months as the post-election novelty fades and regulatory headwinds mo

Morgan Stanley raised its Robinhood price target to $150, pointing to prediction market growth as a key driver of revenue diversification.

Prospect Markets, Crypto.com's prediction market subsidiary, executed a deal to launch in the U.S. amid reports of executive departures at the venture.

The U.S. Open tennis tournament signed an exclusive deal naming Kalshi as its official prediction market partner as the main draw commenced.

The Commodity Futures Trading Commission released new guidance on event contracts, while the Prediction Markets for Clarity Act advanced toward becoming law.

Prediction market odds suggest U.S. job creation rebounded to around 50,000 in August, below economists' consensus estimate of 53,000.

The CFTC levied fines against a former White House staffer for insider trading in event contracts, signaling tougher enforcement in prediction markets.

The casino industry intensified its campaign against prediction markets following the Ninth Circuit ruling, arguing they operate as unlicensed gambling.

Polymarket removed NFL player participation contracts from its platform shortly after the CFTC filed a related action.

U.S.-based brokerage infrastructure firm Alpaca will offer Kalshi-powered event contracts to clients globally.

Canadian financial regulators and provincial lotteries took a firm stance against sports and entertainment prediction contracts, calling for stricter restrictio

Structured products firm Otala launched a new channel allowing institutional access to Kalshi prediction market contracts.

Kalshi accused Washington state officials of selective non-enforcement of gambling laws while simultaneously facing a federal court ruling that states can regul

Divergent appellate decisions over whether sports prediction markets are swaps or gambling have created an increasingly complex legal landscape.