Regulators debate whether prediction markets are gambling or trading as Illinois is blocked from enforcing its law
Courts and overseas regulators are separately weighing whether event contracts fit existing gambling or financial frameworks.
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- Gambling InsiderThe Gambling Wire: Illinois Blocked From Enforcing Prediction Market Laws, Operators Exit Utah
- Tribuna.com“Not every prediction market is gambling”: Spain’s DGOJ director Mikel Arana calls for dedicated regulatory framework
- The New York TimesPrediction Markets Should Be Regulated as Gambling, Appeals Court Says
- Legis1The Latest Policy Issue: Sports Prediction Markets
- KATVFact Check Team: Is Kalshi really gambling? States Challenge Prediction Market
- PYMNTS.comKalshi Challenges Illinois Sports Betting Tax as Prediction Market Jurisdiction Fight Escalates
- Arizona Capitol Times38 state AGs sign amicus brief supporting Mass. in Kalshi lawsuit
- The GuardianSurging prediction markets face legal backlash in US: ‘Lines have been blurred’
- WTTW NewsPrediction Markets Say They’re Different From Sportsbooks. Gambling Addicts Say It’s All the Same
- Crain's Chicago BusinessIllinois is becoming a battleground for prediction markets. Here’s where things stand.
- NPR IllinoisIllinois regulators say prediction markets are illegal gambling, but bettors - and the Trump family - love them
- FortuneKalshi’s fight over sports betting is hurtling toward the Supreme Court-and the future of gambling is at stake
- WBFFCongress weighs federal regulation as prediction market apps blur line with sports betting
- The Center SquareFederal-state showdown looms over regulation of prediction markets