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
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the letter, the board stated that licensed operators who are partnered with prediction services may have their licenses rescinded.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