The Senate passed the Protect College Sports Act 77-22 on Sept. 28, sending it to a House that returns Nov. 9. Section 113 lets athletic associations and conferences restrict eligibility for athletes who took part in sports wagering or sports-related event contracts. Section 123 applies … Read more
One respondent is named in Thursday’s Manhattan filing: QCX LLC, the entity trading as Polymarket US, with James’s office bringing the case. The count list runs to eight: the state constitution’s bookmaking ban, three Penal Law sections, three under the Racing Law, and the Wire … Read more
Novig requires traders to be 21, three years above the 18-and-up floor Polymarket and Kalshi use. Sweeney approached Novig about an equity partnership and is now on its cap table, chief executive Jacob Fortinsky said. The ad launched four days after LeBron James first teased … Read more
PHILADELPHIA – Polymarket broke the bank with their latest advertisement announcing their partnership with LeBron James. The new Philadelphia 76er formerly promoted DraftKings, but now moves to the prediction market world as a partner of Polymarket. Step inside Polymarket HQ. Somebody get the ice bath … 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
Genius Sports announced a Kalshi partnership on Aug. 5 to supply official soccer data settling the exchange’s sports event contracts. Kalshi agreed to restrict certain market types under the integrity information-sharing terms of the agreement. Polymarket took the same official-data and integrity package a day … Read more
U.S. District Judge Katherine Menendez enjoined Minnesota Statute 609.7615 on July 27, five days before its Aug. 1 effective date. The order protects only CFTC-registered exchanges and found the state law likely preempted for contracts qualifying as federal swaps. Kalshi told the court it had … Read more
PHOENIX – A new executive order from Arizona Governor Katie Hobbs prohibits insider trading by state employees for the use of prediction market platforms. Executive Order 2026-02 specifically prevents executive branch employees of the state of Arizona from using information not currently available to the … Read more
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