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
MADISON, Wisc. – Wisconsin is the latest state to add to a pile of lawsuits on Kalshi’s desk. Attorney General Joshua Kaul’s lawsuit against the prediction company also includes Robinhood and Coinbase, claiming that these prediction market apps facilitate illegal sports betting through trading sports … Read more
ROME – After three years without a shirt sponsor, Serie A club Lazio agreed to a shirt sponsorship deal with Polymarket worth $22 million. The deal with the prominent US-based prediction market expires at the end of the 2027/28 season and raises questions considering Italy’s … Read more
NEW YORK – For the first time since 2021, the NFL heads into the month of April without an officially partnering sportsbook. FanDuel, DraftKings, and Caesars each had their final league option expire at midnight on March 31st, and none renewed in a surprising turn … Read more
WASHINGTON – What was once a quiet jurisdictional gap has exploded into a full blown Senate battle, as federally regulated online platforms continue to chip away at the sports betting authority states have guarded for years. The Prediction Markets Are Gambling Act was presented on … Read more
WASHINGTON – Polymarket, a crypto-based prediction market platform, is taking over Proper 21 on K Street NW this weekend with a pop-up bar called The Situation Room. During the temporary takeover, which takes place from March 20 to 22, the area will be totally renovated … Read more
MADISON, Wisc. – A clash is taking shape in the Wisconsin State Senate this week, and the outcome could determine where online sports betting in the state goes from here. This week, Republican Sen. Chris Kapenga went after Senate Majority Leader Devin LeMahieu, making it … Read more
The Utah prop betting ban bill, House Bill 243, puts proposition bets under the state’s gambling laws, putting it in direct conflict with federally regulated prediction market platforms. Kalshi took an early offensive, heading to federal court for an injunction before Utah could act, building … Read more
A former Trump official launched a coalition arguing prediction market platforms are illegal sports betting in disguise. Not all Republicans are aligned, with the CFTC backing the platforms while prominent party figures push for state-level regulation instead. States are already taking these platforms to court, … Read more
Novig, the fastest growing sports trading platform, raised $75 million for their next phase of growth. The Netherlands cracked down on Polymarket offering “unlicensed gambling” for Dutch residents. Polymarket is now pushing for more presence in China, despite their strict online gambling ban. NEW YORK … Read more
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
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