The 6th Circuit's ruling that federal commodities law does not preempt Ohio and Tennessee gambling statutes widens a circuit split and exposes Kalshi to state e

The state action targets Polymarket's sports and event contracts, and the company countersued, escalating the legal fight over prediction market jurisdiction.

The reported fundraising target would roughly double the exchange's prior valuation and reflect its dominant share of prediction market volume.

The case is among the first criminal insider trading charges tied to prediction market wagers built on confidential information.

The crackdown follows reports of a soldier allegedly winning $400,000 on a market tied to Maduro's capture and similar suspicious trades.

Rising volume shows Polymarket expanding in the US market despite ongoing state litigation over its contracts.

New York Attorney General Letitia James filed suit calling Polymarket an unlicensed gambling operation, and Polymarket filed its own suit against Governor Kathy

NYSE parent Intercontinental Exchange is putting $2B into Polymarket, with the platform's valuation reportedly reaching about $15B in the new funding talks.

Regulators and lawmakers are questioning whether event contracts tied to the failure of banks such as JPMorgan and Bank of America cross into illegal gambling o

Kalshi is courting investors at a $40B valuation as combined Kalshi and Polymarket monthly trading volume reportedly doubled from $26B to $53B in 2026.

Federal prosecutors allege a U.S. Special Forces soldier profited from nonpublic knowledge of a Venezuela operation, prompting fresh insider-trading scrutiny of

The case adds to a widening insider-trading crackdown touching prediction markets.

The appeals court rejected Kalshi's argument that its sports event contracts are financial swaps shielded from state gambling law, deepening a circuit split tha

The reported valuation target would widen Kalshi's advantage in the prediction market sector ahead of any new fundraising.

The dueling lawsuits mirror New York's earlier action against Kalshi and escalate state-level enforcement against prediction markets.

The bank's entry adds institutional weight to a sector that has recently passed 1.1 billion trades.

Arizona's attorney general is seeking to restart her suit following a separate appeals court decision in the Ninth Circuit.

The move follows scrutiny of trading activity on prediction market platforms.

The Brazilian president's decree halts online betting platforms nine days before the vote, tightening rules on a market that had become central to campaign deba

The gap highlights how prediction market odds can diverge from traditional election analysts' ratings.

The divergence illustrates differing methods and populations between market pricing and traditional polling.

The warning comes as prediction markets expand into state and local races ahead of the midterms.

A state-by-state breakdown follows a year of court fights over whether sports event contracts count as regulated gambling.

The Ethereum co-founder frames prediction markets as an information and currency tool rather than a betting product.

A federal appeals court sided with Ohio and Tennessee in holding that Kalshi's sports event contracts can be policed under state gambling laws, deepening a circ

New York's attorney general alleges Polymarket offers unlicensed sports gambling, and the platform has countersued as the state-level fight over prediction mark

Robinhood's event-contract business has become a fast-growing revenue line, with reports citing about $156 million, even as regulators and courts scrutinize the

The ruling against Kalshi puts publicly traded brokerage and betting names in focus as investors weigh the regulatory risk to event-contract revenue.

Ohio's gambling regulator moved to penalize Kalshi as part of the same state-versus-prediction-market enforcement wave.

Kalshi is restricting access on tribal territory in California, the latest venue-level response to state and tribal assertions of gambling authority.

The appeals court held that Kalshi's sports event contracts are not swaps under federal law, widening a circuit split and setting up a possible Supreme Court fi

New York Attorney General Letitia James alleges Polymarket runs an unlicensed sports betting operation, and the company responded with its own federal suit hour

The agency is soliciting input on how prediction market contracts should be regulated at the federal level, alongside its advisory on mention markets.

The advisory calls for heightened scrutiny of contracts tied to individual actions, following settlements involving figures such as MrBeast associate Perez and

Ohio's Casino Control Commission moved to penalize Kalshi after the Sixth Circuit upheld state authority over its sports contracts.

With appeals courts split on whether states may regulate event contracts, some lawmakers want the Supreme Court to settle the question.