WASHINGTON – Wednesday marked a massive development in the prediction market-sports event contract saga. The U.S. Supreme Court has officially been asked to review the sports prediction market case where Kalshi and states disagree on regulation. New Jersey Attorney General Jennifer Davenport filed the petition … Read more
LAS VEGAS – The U.S Court of Appeals for the Ninth Circuit affirmed a decision to dissolve a Kalshi temporary injunction, allowing Nevada to impose their state gambling laws on Kalshi’s sports event contracts. The three-judge panel decided that the sports event contracts weren’t swaps … Read more
LOS ANGELES – Kalshi announced exclusive, multi-year partnerships with 5 MLB teams; the Atlanta Braves, Boston Red Sox, Los Angeles Dodgers, San Diego Padres, and San Francisco Giants. The partnership includes in-stadium branding, signage, digital promotions, and Kalshi-specific prediction market offers with on-site activations at … Read more
LINCOLN, Neb. – Measures to legalize and regulated online sports betting in Nebraska will be on the Nov. 3 ballot. The Secretary of State certified that both online sports betting petitions will appear on the 2026 general election ballot after receiving the required number of … Read more
Novig filed Aug. 14 in the Western District of Wisconsin, its fifth suit against a state in 10 days. The complaint asks that Wisconsin’s commercial gambling statute, a Class I felony, be declared preempted as applied. A federal judge in Wisconsin denied the CFTC that … Read more
A King County judge ordered Kalshi to stop offering sports event contracts to anyone in Washington. Kalshi must run IP- and residency-based geofencing by Aug. 19 and a GeoComply system by Sept. 2. Missing the Sept. 2 deadline costs $120,000 a day unless Kalshi files … Read more
NEW YORK – The Commodity Futures Trading Commission (CFTC) have exercised their emergency powers just six times ever and haven’t done so since 1980. Now, CFTC Chairman Michael Selig has implemented emergency orders twice in the last 30 days to support Kalshi. Kalshi is battling … Read more
The law took effect Wednesday and caps online sportsbooks at six deposits per customer a gaming day. It also bars credit-card deposits, directly or through any other account funded by a credit card. Each operator sets its own 24-hour gaming day, and the six-deposit count … Read more
SALT LAKE CITY– Utah can enforce their anti-gambling laws against Kalshi, a federal judge in Utah ruled on Tuesday. The judge rejects Kalshi’s argument that federal regulation includes their sports event contracts and prevents state intervention. Judge Rules Against Kalshi In Utah In simple terms, … Read more
BROOKLYN, N.Y. – IG Group acquired daily fantasy sports and prediction market operator Underdog for up to $1.3 billion on Thursday. The move marks a big push for the UK-listed IG Group to join the American trading market currently under fire in state courts. Underdog … Read more
The deal covers Water Street Labs and CX Clearinghouse, two CFTC-registered entities BGC Group is selling. Water Street Labs lists contracts and CX Clearinghouse settles them, neither licensed nor overseen by state gaming regulators. Fanatics Markets launched in December 2025 through a Crypto.com partnership and … Read more
Kalshi must finish a GeoComply geofencing rollout in Nevada by Aug. 12 or face a $120,000 daily penalty. The stipulation lets Kalshi submit a sworn affidavit explaining any delay instead of paying that daily penalty. Kalshi acknowledged state investigators placed prohibited trades but did not … Read more