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.

Polymarket's US volume milestone underscores how quickly rebounded US activity has grown since its re-entry into the domestic market.

Survey data shows sportsbook users shifting volume to prediction markets, which operate under a different regulatory framework than licensed sportsbooks.

Prediction markets have become a fast-growing revenue line for Robinhood, which routes customer orders to Kalshi.

As volumes boom, questions mount over whether contracts can be settled if an operator goes bust and whether the CFTC has narrowed its own authority.

Tribal leaders told lawmakers that prediction market expansion threatens sovereignty and shared gaming revenue.

Revised market share figures trimmed Kalshi's apparent dominance, with Robinhood and Flutter Entertainment shares also slipping.

The CEO's public stance comes as state attorneys general and federal lawmakers intensify scrutiny of event contracts.

The tie-up links Kalshi event data to AI-powered investing tools, part of a broader push to make prediction market data machine-readable.

The case is among the first criminal prosecutions involving prediction market profits tied to geopolitical events.

The bank's involvement signals growing institutional appetite for event contract data and venues.

The bank sees nearly 40% upside, citing the sports data company's exposure to prediction market growth.

Campaigns and analysts are adapting to real-time odds on races as prediction markets become a mainstream information source.