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Prediction Markets Weekly Roundup: Court Battles, CFTC Action and Kalshi’s New ProductsPrediction markets faced another week of legal battles, congressional scrutiny and product expansion, with Kalshi fighting on multiple fronts while new exchanges and products continued to emerge. Courts in New… -
Kalshi Still Offers Markets on Trump Remarks, Even After Teleprompter Aide Accused of Insider TradingGovernment watchdog organization claims CFTC lets prediction markets operate like ‘Wild West’ As President Trump spoke to the nation Thursday evening, Kalshi continued to offer contracts on whether he would…
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Plannatech Gets Approval to Operate Prime Sports in OhioPlannatech purchased online sportsbook that filed for Chapter 11 reorganization COLUMBUS, Ohio – Prime Sports will soon be back up and running in Ohio. That’s thanks to state regulators approving…
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Google Expands Prediction Market Ad Ban to Michigan and New YorkGoogle’s list of states where prediction market ads are prohibited has expanded to four, with the company adding New York and Michigan. Google has added Michigan and New York to…
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Unlicensed Gambling Sponsors Could Face UK Ban From 2027Everton’s new deal with Stake and dozens of other partnerships could come under scrutiny after the U.K. government proposed a ban on sponsorships involving unlicensed gambling operators. The U.K. government…
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Nigel Eccles’ FanDuel Lawsuit Clears Major Hurdle as Judge Lets Core Claims ProceedClaims that FanDuel was deliberately undervalued during its 2018 merger will move forward after a New York judge largely rejected efforts to dismiss the case. A New York Supreme Court…
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Lawmakers Introduce Facial Recognition Bill for Sportsbooks and Prediction Markets With Kalshi’s SupportThe bipartisan proposal, backed by Kalshi, comes as prediction markets face growing scrutiny over underage trading and renewed calls for federal gambling standards. Rep. Josh Gottheimer, D-N.J., introduced bipartisan legislation…
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Evolution Agrees to £4.75m Settlement With UKGC, Ending License ReviewThe supplier avoided more severe sanctions after the regulator found no evidence of widespread access to its games through unlicensed operators. Evolution has agreed a £4.75m ($6.4m) settlement with the…
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Illinois Congressman Probes Polymarket’s Ties to Election-Denial InfluencersRep. Raja Krishnamoorthi is seeking answers from Polymarket over allegations that paid influencers promoted election misinformation while advertising prediction markets. An Illinois congressman is demanding answers from Polymarket over concerns…
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CFTC Orders Kalshi to Honor Michigan Trades, Escalating Fight With States Over Prediction MarketsThe CFTC has ordered Kalshi to honor certain Michigan trades despite a state court directive to cancel and refund them. The move opens a new front in the federal regulator’s…
