Illinois Prediction Market Regulation Bill Enacted in Budget
Illinois prediction market regulation became a part of their budget bill. See how Illinois now requires prediction markets to acquire a license.
Commodity Futures Trading Commission
Rhode Island, CFTC In Legal Battle Over Prediction Markets
PROVIDENCE, R.I. – Lawsuits continue to pile up when it comes to prediction markets, as the Commodity Futures Trading Commission (CFTC) is now suing the state of Rhode Island for filing lawsuits against Kalshi and Polymarket. Last week, Attorney General Peter F. Neronha filed lawsuits … Read more
Trump Siding With Prediction Markets, CFTC Exclusive Regulation
WASHINGTON – U.S. President Donald Trump has joined the prediction market regulatory battle and is siding with the Commodity Futures Trading Commission. Amid numerous states pushing for localized regulation, Trump says prediction markets should be exclusively federally regulated by the CFTC. pic.twitter.com/W4ZqJxO1KR— Rapid Response 47 … Read more
CFTC Sues Minnesota After Gov Signs Prediction Ban Into Law
MINNEAPOLIS – Minnesota Governor Tim Walz signed SF 4760 into law on Monday, which would ban prediction markets from offering specific event contracts on sports and other markets in the state. Now, the CFTC has responded with a lawsuit in an attempt to block the … Read more
Leagues, Players on Opposite Sides of Prediction Market War
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
CFTC Suing Wisconsin Over Prediction Market Lawsuit
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
Kalshi Strikes First in Utah Prediction Market War
Kalshi took the unusual step of suing Utah first, using public threats from state officials as grounds that enforcement was on the way. Utah is pushing back through public statements, HB243, and a governor determined to keep prediction markets out of the state. The conflict … Read more
Titus Fires Back at Prediction Markets with New Bill
Nevada’s Dina Titus filed a bill targeting prediction platforms like Kalshi and Polymarket that offer sports wagering. Passage looks unlikely given Republican control of the House and Trump administration support for these markets. Titus is simultaneously backing legislation to fix a new tax rule that … Read more
Legal Sports Betting Brief: IL Casino Push, NV Blocks Polymarket, NY Issues Warning
Illinois Rep. Edgar González Jr. filed new legislation to legalize online casino betting with a 25% tax following last year’s unsuccessful attempt. Polymarket faces a court-ordered suspension in Nevada until February 11th after a judge ruled the platform appears to violate state gambling regulations. New … Read more
Utah’s Prop Betting Ban: Closing the Loopholes
Rep. Joseph Elison filed House Bill 243 to outlaw prop betting in Utah even though gambling is already banned. The bill updates state law to define prop bets as illegal and lets the Attorney General go after platforms breaking the rules. The bill reflects nationwide … Read more
Florida AG James Uthmeier Focus Is Unlawful Gambling In 2026
Attorney General James Uthmeier wants to “disincentivize people” to gamble on unregulated channels. Representatives Dana Trabulsy and Berny Jacques have filed measures in the House to support Uthmeier’s request. TALLAHASSEE, Fla. – Attorney General James Uthmeier has made it very clear that going after “unlawful … Read more
Coinbase vs Michigan: When Does Betting Become Trading?
Coinbase sued Michigan regulators to prevent state gambling laws from applying to prediction markets it claims fall under federal jurisdiction. Michigan officials warned operators that offering sports event contracts would threaten their licenses, but DraftKings and FanDuel launched anyway. The dispute will likely reach the … Read more