CFTC asks federal judge to block Utah's criminal case against Kalshi, chair Selig hints at Supreme Court
The federal regulator is seeking to halt Utah's 14-count criminal prosecution of Kalshi and its founders, setting up a state versus federal authority showdown o
Legal Sports Report · +14 outlets
Utah files 14 criminal charges against Kalshi, says it is running an unlicensed gambling operation
Utah is the first state to bring felony charges against a prediction market operator and its billionaire co-founders, prompting other platforms to quit the stat
Betting News · +14 outlets
Kalshi raises $1B Series G at $40B valuation, up 82% since May as crypto volume hits $140B annualized
The round marks a steep jump in Kalshi's private valuation even as state prosecutors and regulators intensify scrutiny of the sector.
KuCoin · +7 outlets
Philadelphia 76ers become first NBA team to sign a partnership with a prediction market
The Kalshi deal gives the league's teams a template for commercial ties to event-contract platforms at a moment of unresolved legal questions.
PhillyVoice · +14 outlets
Polymarket agrees to halt sports contracts in Michigan
The settlement follows state pressure on sports event contracts and adds Michigan to the list of jurisdictions restricting prediction market offerings.
PlayMichigan · +14 outlets
Kalshi sues Missouri over state regulatory attempts against its event contracts
Kalshi is going on offense against states after Utah brought criminal charges, arguing federal oversight preempts state gambling law.
Gambling News · +14 outlets
Congress weighs prediction market bans and state oversight
Federal lawmakers are considering legislation that would curb event contracts or assign oversight to states, adding a third front to the regulatory fight.
PlayNJ · +14 outlets
NBA joins other pro leagues in embracing CFTC-regulated prediction market infrastructure
The league's stance aligns it with other sports bodies that have warmed to regulated event contracts rather than opposing them outright.
KuCoin · +3 outlets
SEC warns prediction markets over insider trading risk
The warning signals that federal securities regulators, not just the CFTC and states, may claim a role in policing event-contract trading.
Bitcoinist.com · +13 outlets
Washington moves to dismiss Underdog prediction market suit
State regulators are backing away from the case, one of several state-level enforcement actions testing how gambling law applies to event contracts.
RG.org · +1 outlets
Fanatics to shutter predictions business in Utah after Kalshi charges
The exit shows Utah's prosecution is already pushing operators out of the state's market.
https://www.ingame.com/ · +3 outlets
S&P Dow Jones deal brings index-based event contracts to Kalshi
The licensing tie-up expands prediction market contracts beyond sports and politics into equity index outcomes.
sigma.world · +14 outlets
CNBC investigation examines suspicious election-contract trading on prediction markets
The reporting adds to scrutiny of whether political event contracts are vulnerable to manipulation or informed trading.
CNBC · +3 outlets
Saquon Barkley forced to divest Polymarket stake by NFL
League rules on gambling-related holdings are now being applied to player equity in prediction market firms.
Hoodline · +14 outlets
Aries launches prediction markets through ForecastEx
Another brokerage adds event-contract access through an exchange, widening retail distribution of CFTC-regulated products.
StreetInsider · +4 outlets
Utah attorney general touts online gambling win as companies pull out of state
State officials are framing the Kalshi prosecution as a broader win against unlicensed online gambling.
ABC4 Utah · +4 outlets
IGA leaders address prediction markets at USET annual meeting
Tribal gaming leaders are weighing how event contracts affect tribal casino interests and state compacts.
Indian Gaming Magazine · +1 outlets
CDC Gaming reviews the latest prediction market developments
The industry roundup tracks regulatory and commercial shifts across the sector.
CDC Gaming