RALEIGH – The new state budget for North Carolina has major implications on legal sports betting sites in the state, including an increased tax on sports betting related wagers and a brand new tax on prediction markets. Senate Bill 257 will increase the state’s sports … Read more
WASHINGTON – A significant chunk of Americans believe that it should be illegal to place wagers on election outcomes. In fact, 44% of respondents from a Politico survey said betting on political elections, what the president will say, or who will receive a presidential pardon … Read more
FRANKFORT, Ky. – Prediction market platforms are banding together against a new tax law in Kentucky which would impose an unprecedented 14.25% tax on prediction market transaction fees. Three of the biggest prediction market platforms – Kalshi, Crypto.com, and Polymarket – have formed a coalition … Read more
WASHINGTON – Prediction markets have grown tremendously in popularity over the past few years, but not without plenty of controversy on the legal side of things. The Commodity Futures Trading Commission (CFTC) is the federal agency responsible for regulating such prediction markets and has come … Read more
LAS VEGAS – Nevada continues to be one of the most aggressive states in terms of regulating prediction markets, as a preliminary injunction was granted against Polymarket last Friday. First Judicial District Court Judge Jason Woodbury ruled against the prediction market platform, forcing the operator … Read more
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
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
PROVIDENCE, R.I. – Rhode Island Attorney General Peter Neronha issued a lawsuit against Kalshi and Polymarket late Thursday afternoon. Before they could sue the prediction market operators, Kalshi beat Rhode Island to the punch with a preemptive lawsuit. Kalshi wants protection through an injunction 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
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