Ninth Circuit rules states can regulate prediction markets as gambling, deals blow to Kalshi
The Ninth Circuit Court of Appeals ruled that sports event contracts offered by Kalshi and other platforms are gambling, not federally regulated swaps, upholdin
qz.com · +14 outlets
SEC delays approval of prediction market ETFs amid surge of filings
The SEC has delayed decisions on a growing backlog of 128 prediction market ETF filings, signaling continued regulatory uncertainty for the emerging asset class
SCCG Management · +14 outlets
Donald Trump Jr. urged GOP attorneys general not to target prediction markets
Donald Trump Jr. privately pushed Republican state attorneys general to avoid cracking down on prediction markets, according to the New York Times.
Oz Arab Media · +10 outlets
Canada's financial regulators uphold ban on sports and entertainment event contracts
Canadian securities regulators confirmed that sports and entertainment prediction contracts are not permitted on dealer platforms, aligning with U.S. regulatory
Gambling Insider · +9 outlets
Connecticut sues Kalshi over unlicensed sports event contracts
Connecticut filed a lawsuit against Kalshi seeking to ban its sports event contracts as unlicensed gambling, the latest state to challenge the platform.
Cryptonews.net · +13 outlets
Brazil bans Polymarket, Kalshi and 25 other prediction platforms
Brazil's regulators ordered a ban on Polymarket, Kalshi, and 25 other prediction market platforms, marking a major international crackdown.
CoinMarketCap · +14 outlets
Polymarket US moves to launch crypto event contracts on CFTC-approved platform
Polymarket US is seeking to offer Bitcoin, Ethereum, and Solana event contracts through a CFTC-approved structure, expanding beyond sports and politics.
Bitget · +14 outlets
Cantor Fitzgerald opens institutional access to Kalshi block trading
Cantor Fitzgerald has begun offering institutional clients block trading access to Kalshi prediction markets, a milestone for institutional adoption.
PlayPennsylvania · +14 outlets
DraftKings and Flutter rally after Nevada prediction market ruling
Shares of DraftKings and Flutter rose after the Ninth Circuit ruling reinforced state gambling regulation, which traditional sportsbooks view as favorable vs. u
Seeking Alpha · +6 outlets
Robinhood stock slips after $1.31 billion quarter
Robinhood shares declined following the release of its $1.31 billion quarterly results, though broader market context suggested mixed investor sentiment.
Ad-hoc-news.de · +10 outlets
Robinhood slides 5% on Aug 28 amid prediction market uncertainty
Robinhood stock fell more than 5% on August 28, with analysts citing potential headwinds from the Ninth Circuit ruling and valuation concerns.
TradingKey · +3 outlets
Crypto 2026 odds on Kalshi: Can any coin finish green?
Kalshi launched prediction markets on whether major cryptocurrencies will end 2026 higher, allowing traders to bet on crypto price direction.
OddsShopper · +14 outlets
Michigan governor odds 2026: Kalshi lists Democrat price
Kalshi began listing contracts on the 2026 Michigan governor race, offering prices on which Democrat will win the nomination.
OddsShopper · +6 outlets
Coyote vs Acme Rotten Tomatoes odds on Kalshi
Kalshi launched a prediction market on the Rotten Tomatoes score for the unreleased film Coyote vs Acme, reflecting interest in entertainment contracts.
OddsShopper · +1 outlets
Are sports prediction markets legal? Status across all 50 states
CBS Sports published a guide on the legal status of sports prediction markets by state, covering Kalshi and Polymarket.
CBS Sports · +14 outlets