Lobbying and legal spending escalate amid state crackdowns and federal efforts to assert authority over event contracts.

The two biggest platforms are deploying significant lobbying and legal resources as the regulatory battle escalates.

Kalshi is raising at a reported $40 billion valuation as prediction market volumes hit record levels and the two dominant venues spend millions on lobbying.

Polymarket expands into private-market contracts while a separate regulator stalls proposals for exchange-traded prediction market funds.

The prosecution is one of the first criminal cases tied to trading on a geopolitical prediction market outcome.

Polymarket is exploring a native token and public listing while speculation at TOKEN2049 fueled airdrop chatter.

Multiple outlets published state-by-state guides as the regulatory picture for sports prediction markets remains unsettled.

The federal trade regulator's sports gambling inquiry reportedly will not target the two largest prediction market venues.

The volume milestone comes as federal regulators scrutinize prediction market ETFs and Polymarket expands into private-market bets.

Polymarket's 2026 markets are now surfaced on the election forecasting site 270toWin.

The Bulldogs top Polymarket's college football championship market at midseason.

A niche esports event market is closing amid competition from the two dominant platforms.