MADISON, Wisc. – The U.S. District Court for the Western District of Wisconsin made a ruling on Monday, stating that the Ho-Chunk Nation can sue Kalshi for violating its Tribal-State compact. The key piece of this ruling is that the court classified Kalshi’s sports based … Read more
Editor’s Note on May 13: The Minnesota House and Senate approved a bill that would ban a specific list of prediction market event contracts in the state. The bill, SF 4760, was amended to include language from John Marty’s SF 4511 bill banning event contracts … Read more
DENVER – There’s been an update to the sports betting market in Colorado with a new bill passing through the House that would impact the industry overall. The new legal sports betting bill wouldn’t take away sports betting in Colorado, but it would implement restrictions … Read more
HARTFORD, Conn. – An amendment to a cheating statute from 1998 is likely to be signed into law to expand from casino games to sports betting. It was originally written for cheating on casino games and lottery drawings, but lawmakers have pushed for an amendment … Read more
TRENTON, N.J. – New Jersey wants to profit off of sports bettors and consumers when they host eight FIFA World Cup games this summer. Representative Michael Venezia’s Assembly Bill 4838 would temporarily increase the state’s 19.79% legal sports betting tax rate by 10% for the … Read more
NEW YORK – Kalshi claims to not be a sportsbook and doesn’t offer “betting”, instead offering contracts. However, when it’s time to compare their profitability to other financial exchanges, they measure up against legal sports betting sites and stock day trading based on bogus data … Read more
NEW YORK – While sports leagues want to regulated prediction markets and monetize them, their own players are seeking protection from them. A comment period for the Commodity Futures Trading Commission (CFTC) exposed the internal contradiction between leagues like the NFL, NBA, and MLB and … Read more
WASHINGTON, D.C. – No members of the U.S. Senate are allowed to use prediction markets after a resolution was passed unanimously on April 30, 2026. The Senate approved the rule change by unanimous voice vote, and it took effect immediately. Bernie Moreno, a Republican Senator … Read more
COLUMBUS, Ohio – Ohio’s prediction market bill signals a new way for states to combat the prediction market infestation. Senate Bill 430 establishes a licensing and regulation framework that would make prediction market companies pay taxes like Ohio sports betting sites do. Ohio has proven … Read more
MADISON, Wisc. – The Commodity Futures Trading Commission (CFTC) is suing Wisconsin in response to the state’s lawsuit against prediction market companies. Wisconsin’s lawsuit alleges that Kalshi and other prediction market apps “facilitate illegal sports betting”, but the federal government claims that the CFTC has … Read more
JEFFERSON CITY, Mo. – Committee Chairman Jeff Myers said that the sports betting portion of HB 3533 “has been taken out of this” in a Tuesday public hearing. While last hearing saw pushback towards the sportsbook tax rate increase portion of the bill, which proposes … Read more
MINNEAPOLIS – Lawmakers in Minnesota are inching closer to banning prediction markets in the Land of 10,000 Lakes. A bill targeting a wide range of offerings from prediction market apps has advanced to the senate floor. Senator John Marty’s bill, SF 4511, would prohibit contracts … Read more