Google is now permitting prediction marketing advertisements with their latest advertising policy update. A Massachusetts judge rules that Kalshi is not licensed to offer sports wagering in the state. Portugal ordered Polymarket to cease their operations and be blocked in the country after an influx … Read more
Nevada sued Polymarket for allegedly running unregulated gambling operations that sidestep state licensing laws. Concerns arose that Polymarket’s NFL MVP market could reflect insider information since official voting already occurred. Tennessee’s only local sportsbook shut down, unable to survive against national competitors under the state’s … Read more
The Louisiana Gaming Control Board sent a letter to licensed sports betting sites in the state stating that it views sports prediction markets as illegal. In the letter, the board stated that licensed operators who are partnered with prediction services may have their licenses rescinded. … Read more
Polymarket is letting U.S. users back in after a four-year ban, starting with sports betting and planning to expand into other markets soon. Fanatics launched its prediction market app in 24 states this week, including California and Texas where traditional sportsbooks are still unregulated. Both … Read more
Kalshi locked down an exclusive partnership with CNN that’ll bring its prediction market data to the network’s shows and platforms. The company is dealing with lawsuits from several states and a federal case claiming it wasn’t honest about how its trading system actually works. Even … Read more
New York State Gaming Commission Chair Brian O’Dwyer calls out prediction markets, saying they are a “direct threat to the commission’s authority.” FanDuel and DraftKings have announced their intent to offer sports contracts in December. NEW YORK – Prediction markets are once again under the … Read more
Google CEO’s post on X attracted lots of attention to the release of Gemini 3, which has garnered over $7 million in bets on Polymarket. Kalshi’s injunction in Nevada likely to be overturned, facing opposition from multiple other states as well. MOUNTAIN VIEW, Calif. – … Read more
Donald Trump Jr. weighed in on the sports betting debate this weekend, backing calls for Alabama and Georgia to legalize sports betting. ATLANTA – Two of the states without sports betting, Alabama and Georgia, are holdouts in the Southeastern Conference (SEC) region. “Crazy. Totally agree … Read more
Underdog Sports struck a deal with Crypto.com’s derivatives affiliate to launch sports prediction markets on its platform. BROOKLYN – A partnership announced Tuesday makes sports event contracts from Crypto.com | Derivatives North America (CDNA) available inside the Underdog app. For Underdog, a company best known … Read more
Australia banned the use of Polymarket after users accessed gambling content using VPNs. SYDNEY – Last week, the Australian Communications and Media Authority (ACMA) banned the crypto prediction platform, Polymarket, following an investigation earlier this year. The ban follows a report made by Crikey, an … Read more
As Polymarket makes a high-profile return to the U.S. market with full regulatory approval, Kalshi is now under fire in California federal court. These two developments underscore the fates of America’s top prediction market platforms. SACRAMENTO, Calif. – Three federally recognized California tribes – Blue … Read more
The FBI raided the home of Polymarket CEO Shayne Coplan, seizing his electronics amid an investigation into the crypto-based prediction market’s handling of election betting odds. NEW YORK – In a high-profile raid Wednesday morning, FBI agents entered the New York City apartment of Shayne … Read more