Polymarket's V2 overhaul moves to a single-position system and is being positioned as a change in how users bet on events.

The ruling is a near-term win for Kalshi and the CFTC in the widening fight over state authority to regulate event contracts.

Formal White House review signals federal rulemaking that could preempt or reshape state oversight of event contracts.

Ohio's crackdown escalates state-level enforcement even as a federal court sided with Kalshi in Illinois.

BofA sees prediction markets as a fee tailwind for DraftKings rather than a threat, lifting the shares.

The industry-funded effort is aimed at state lawmakers and regulators as multiple states move to restrict event contracts.

The high court declined to take up prediction market disputes, leaving a split among lower courts unresolved.

The endorsement deal may not violate NBA rules but raises questions about athlete ties to prediction market platforms.

The reported raise would make Kalshi one of the most valuable private prediction market firms.

The scrutiny extends the debate over whether elected officials and candidates should trade on political event contracts.

Polymarket is contesting the Netherlands' classification of its contracts as gambling, part of a broader European regulatory fight.

The Ohio action covers multiple operators and marks a broad state enforcement push against event contracts.

Approval would extend Kalshi beyond event contracts into index-based perpetual futures.

The appellate ruling adds to conflicting court decisions on whether event contracts are swaps or bets.

The growth in event contracts raises questions about whether Robinhood's fee premium can offset regulatory risk.

Multiple outlets report the same ruling, which pauses Illinois rules against Kalshi sports contracts.

Prediction market volumes continue to climb even as traditional sportsbook results soften.

Kalshi's donation lands as it remains in a legal dispute with New York officials over its contracts.