Utah files criminal charges against Kalshi and co-founders Mansour and Lopes Lara; CFTC moves to block prosecution
Utah's criminal case against Kalshi and its co-founders has drawn a federal intervention, sharpening the state-versus-CFTC fight over who regulates event contra
Startup Fortune · +14 outlets
Kalshi hits $40B valuation as Utah charges its billionaire co-founders
The valuation test comes as Kalshi faces criminal prosecution in Utah, raising questions about whether prediction markets can expand beyond sports betting.
CEOWORLD magazine · +3 outlets
Kalshi wins second Supreme Court extension, pushing New Jersey response to December 7
The extension delays the state's next filing in the ongoing jurisdictional dispute over Kalshi's sports event contracts.
Gaming America · +3 outlets
Nasdaq seeks SEC approval for prediction-style Nasdaq-100 contracts
A major exchange operator's move into event contracts would extend prediction-market style products to mainstream index products pending SEC review.
CoinMarketCap · +9 outlets
DraftKings and FanDuel exit Utah prediction markets as Kalshi fights the state
Major sportsbooks pulling out of Utah shows how quickly state-level enforcement can reshape operator footprints, while a court blocked Illinois from enforcing i
Gaming America · +14 outlets
Robinhood shares plunge 40% as crypto revenue falls and prediction markets face legal threats
The drop ties Robinhood's outlook to both its crypto franchise and the legal risk hanging over its prediction market joint venture.
Disruption Banking · +5 outlets
NFL forced Saquon Barkley to sell his Polymarket stake, treating prediction markets as sportsbooks
The league's stance signals that sports organizations may police prediction market ties under gambling rules even where federal regulators have not acted.
ReadWrite · +14 outlets
Polymarket overhauls platform and Binance expands into predictions as regulatory fight drags on
Platform changes and a major exchange's entry into predictions show product expansion continuing despite unsettled US rules.
CoinMarketCap · +1 outlets
Kalshi introduces monthly deposit limit for young adult traders
The self-imposed limit is a preemptive consumer protection measure as states scrutinize prediction market access for younger users.
Gaming Intelligence · +8 outlets
Robinhood's prediction market joint venture sets new payout rules ahead of EPS bets
New payout rules at the Kalshi-linked venture come as Robinhood prepares to expand its event contract offerings.
Gaming America · +1 outlets
Philadelphia 76ers become first NBA team to partner with Kalshi
The deal marks a team-level commercial entry for prediction markets into a major US sports league.
Betting News · +14 outlets
Nevis launches dedicated prediction market licensing framework
The offshore licensing regime offers operators an alternative jurisdiction as US states and federal regulators fight over oversight.
World Casino News · +2 outlets
Prediction markets overview: regulation, litigation and the road to the Supreme Court
Legal analysis outlines how the state and federal cases could converge at the Supreme Court and define the industry's regulatory status.
The National Law Review · +14 outlets
Aries launches ForecastEx prediction markets with no sports contracts
A sports-free event contract venue tests whether prediction markets can build volume on economic and current-events products instead of sports.
FinanceFeeds · +3 outlets
Prediction markets and the states: mapping the lawsuits, political divides and regulatory responses
A state-by-state survey shows how prediction market policy has split along partisan and regional lines.
Adam Feldman · +2 outlets
Kalshi and Polymarket users trade $1.1M on Maryland elections despite betting ban
Trading volume on a banned market illustrates the enforcement gap between state prohibitions and offshore-accessible platforms.
Capital Gazette · +3 outlets
Mississippi elections: who leads in prediction markets
Prediction market pricing on Mississippi races offers a market-based read on the contest.
Forbes
Alabama elections: who leads in prediction markets
Market odds on Alabama races provide an alternative gauge to polling ahead of voting.
Forbes