The state wants to stop the prediction market platform from operating within its borders, recover allegedly illegal gains and obtain restitution for consumers. New York Attorney General Letitia James has…
Prediction markets are becoming a significant business for the brokerage, with users growing by roughly one-third since the first quarter. Robinhood’s prediction market business continues to grow rapidly, with nearly…
The court ruled that sports-event contracts are unlikely to constitute swaps and rejected CFTC’s federal preemption arguments. A federal judge in Wisconsin has denied the Commodity Futures Trading Commission’s (CFTC)…
New York officials could take action on or after Thursday A federal appeals court judge on Wednesday evening denied Kalshi’s motion for an injunction that would prevent New York state…
The White House employee allegedly used insider knowledge of President Donald Trump’s speeches to profit over $100,000 on Kalshi. Gabriel Perez, the White House teleprompter operator who allegedly used inside…
Government officials, sports organizations, tribal gaming groups and industry stakeholders offered sharply different suggestions for the future of prediction markets. The Commodity Futures Trading Commission’s (CFTC) proposed prediction market rule…
Ruling comes hours after a Minnesota federal judge agreed to block temporarily a state law banning prediction markets. A federal judge in Manhattan on Monday denied Kalshi’s request for an…
Some prediction markets do not follow ‘core principles’ when introducing new contracts, agency advises. Last week’s hearing by a House subcommittee on prediction markets may not lead to legislation coming…
Nevada Gaming Control Board gives Kalshi until Aug. 12 to implement GeoComply solution Prediction market operator Kalshi has reached a deal with Nevada, agreeing to use a third-party geofencing provider…
Testimony before a House subcommittee ends up on either side of our weekly ledger, as we recap top headlines from the gambling industry this week. With the World Cup in…