The appeals court held that Kalshi's sports event contracts are gambling rather than financial swaps, letting Ohio and Tennessee enforce their gambling laws and

New York's suit seeks triple gains and $100,000 penalties while Polymarket argues the state's gambling law cannot reach its federally regulated event contracts.

The escalating split between state gambling regulators and the CFTC is pushing the dispute over who oversees event contracts toward the Supreme Court.

Fundraising discussions would roughly double Kalshi's valuation as the two platforms race to lock in capital while their legal footing is contested.

All 11 Senate Banking Democrats signed the request, widening the congressional pressure campaign on prediction market oversight alongside separate reform propos

The guidance targets event contracts tied to whether a person or thing is mentioned, a category regulators see as unusually vulnerable to manipulation.

The New York Attorney General's suit escalates a multi-state crackdown on prediction markets and tests whether they are gambling or regulated financial products

Polymarket's countersuit argues New York lacks authority to regulate its prediction markets, setting up a federalism fight over who oversees event contracts.

Contracts letting traders bet on whether specific US banks fail draw scrutiny over potential misuse of nonpublic information and systemic-risk optics.

Reported talks signal that investors expect prediction markets to keep scaling despite growing legal challenges.

The midterm cycle is being called the first prediction-market election, with political contracts drawing heavy volume and media attention.

Rising volume underlines how quickly prediction markets are growing in the US even as states challenge their legality.

The ruling rejects Kalshi's argument that its CFTC-regulated event contracts are financial swaps immune from state gambling laws, opening the platform to enforc

New York's suit and Polymarket's countersuit extend the state-versus-federal fight over event contracts beyond Kalshi, testing whether states can bar prediction

The reported raises would widen a valuation gap with rival Polymarket and exceed the combined market caps of Flutter and DraftKings, underscoring investor confi

The bank's entry signals institutional acceptance of event contracts as an asset class as Kalshi reports crossing 1.1 billion trades.

Regulators are asking venues how they would police insider trading and manipulation in political contracts after a $107,000 insider case tied to Trump-related m

Tarek Mansour's public posture of accepting federal guardrails comes as state litigation and congressional scrutiny intensify.

The move tightens restrictions on Brazil's large sports betting market in an election year, with the government pairing the ban with consumer debt relief.

The dueling suits escalate the fight over which regulator has authority over event contracts on sports, elections and culture.

The appellate ruling backs state authority over Kalshi's sports event contracts, a setback for the prediction market's legal position.

Prediction market volume on the 2026 midterms has grown large enough that campaigns and strategists are watching the prices.

The regulator is asking exchanges how they would prevent manipulation in contracts tied to political speech and elections.

The warning reflects state-level concern that election workers could face conflicts or integrity questions over prediction market wagers.

The appeals court rejected Kalshi's preemption argument, letting Ohio and Tennessee enforce their sports betting laws against the exchange and raising questions

The simultaneous suits escalate the fight over whether sports, election and culture event contracts are gambling or federally regulated trading.

The guidance signals tougher review of contracts tied to whether a person or phrase is mentioned, a fast-growing category on Kalshi and Polymarket.

Democrats pushed for open oversight after Republicans met privately with Kalshi's CEO, arguing the contracts should fall under SEC or CFTC regulation.

The event contracts business has become one of Robinhood's fastest-growing revenue sources, tying its outlook to the Kalshi legal fight.

The brokerage is letting AI agents place prediction market trades through Kalshi, an early test of agentic execution beyond equities and crypto.

The appeals court found Kalshi's sports event contracts are subject to state gambling laws, undercutting the platform's argument that CFTC jurisdiction preempts

New York's action and Polymarket's federal countersuit escalate the state versus CFTC fight over who regulates event contracts, following earlier suits against

The guidance signals tougher scrutiny of contracts tied to individual statements or mentions, a fast-growing but hard-to-police prediction market category.

With courts split and the CFTC facing limits, legislators are pushing for a federal framework amid private briefings with industry executives.

State gaming regulators continue enforcement against prediction market operators even as federal courts weigh jurisdiction.

The platform's geofencing move follows pressure from tribal gaming interests in the country's largest sports betting market.