The former CFTC commissioner and former nominee to lead the agency will serve as a senior adviser to the industry group backed by Kalshi, Coinbase, Crypto.com and Robinhood. Brian Quintenz,…
North Carolina became one of the first states to tax prediction markets without creating a regulatory framework. The move could trigger another clash over federal and state authority. North Carolina…
A new Macquarie report estimates Kalshi accounted for roughly two-thirds of prediction market trading in June as the FIFA World Cup accelerated mainstream adoption. Prediction markets generated more than $50…
Judge says congressional history suggests lawmakers sought to prohibit the types of sports-event contracts offered by Kalshi. A federal judge has denied Kalshi’s motion for a preliminary injunction against New…
The defense argues the Maduro-related prediction market contracts were not swaps under the Commodity Exchange Act and says the CFTC exceeded its authority in bringing the case. The U.S. Army…
The charges follow a Nevada investigation into suspicious player prop bets involving Fresno State players that previously resulted in lifetime NCAA bans for two former players. A former DraftKings sports…
Plaintiffs allege the prediction market platform improperly changed its interpretation of a Strategy Bitcoin contract after the outcome had already occurred, denying payouts on winning “Yes” positions. Two Polymarket users…
A new audit argues that gambling operators are underinvesting in responsible gambling communications. It warns that the imbalance could increasingly shape regulatory relationships, investor perceptions and AI-generated search results. The…
The founder of the sweepstakes casino giant resigned after spending six months on leave as the company faces mounting regulatory pressure in the U.S. Laurence Escalante has resigned as CEO…
Prediction market litigation continues this week, with North Carolina potentially becoming the next battleground. Meanwhile, World Cup interest keeps driving betting and prediction market activity. Prediction market litigation remains the…