The state suit escalates the jurisdictional fight over prediction markets two months after regulators moved against Kalshi.

A staff advisory flags event contracts tied to individual conduct as inviting manipulation, widening regulatory scrutiny of the sector.

All 11 Senate Banking Democrats requested a hearing after Republicans met privately with Kalshi's CEO, pushing for SEC oversight.

Kalshi is pursuing margin and leverage features for event contracts, a product shift that could expand trading but draw new regulatory attention.

Prediction markets have become a material revenue line for Robinhood as it moves beyond sports contracts.

The brokerage links AI agents to Kalshi event contracts, extending automated trading into prediction markets.

Analysts questioned margin impact from DraftKings' prediction market investment, though the company said it can benefit either way.

A senator's request adds a political conflict-of-interest angle to the widening prediction market oversight debate.

The core legal question of whether event contracts are wagering or securities underpins the current enforcement wave.

The disclosure highlights how far Robinhood has diversified beyond trading commissions.

The compliance addition comes as regulators press prediction market operators on manipulation risk.

The research note credits exchange-based models with driving long-term growth projections for the sector.

Leverage on event contracts would mark a significant product change if approved.

The gambling industry roundup links a sports league's legal challenge to Kalshi with fresh federal guidance.

The tie-up pushes prediction market offerings into a global gambling operator distribution network.

The position change draws attention to Robinhood's valuation after its prediction market and crypto gains.

State-level limits remain in place despite federal movement on event contracts.

The crypto-linked equity became the 21st most-traded US stock, passing the brokerage.