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
SPRINGFIELD, Ill. – The 2027 state budget for Illinois includes a new and unprecedented change, which would apply a tax to prediction markets in the state. The $56 billion budget includes a tiered tax rate which will apply to prediction markets, implementing a 1.75% tax … Read more
TRENTON, N.J. – The New Jersey Senate Budget and Appropriations Committee will discuss a bill to regulate prediction markets in the Garden State. Senator Nicholas Scutari’s S4447 bill aims to implement prediction market regulations that would limit sports event contracts to licensed operators, ban election … Read more
NEW YORK – In the midst of a heated debate over the legality of prediction markets, particularly pertaining to sports, a new platform was just approved by the US Commodity Futures Trading Commission (CFTC) with the intention of becoming the biggest sports prediction market available. … 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
A section of the U.S. defense draft bill seeks to ban military insider trading on prediction markets. See how military insider trading on war will be shut down.
Illinois prediction market regulation became a part of their budget bill. See how Illinois now requires prediction markets to acquire a license.
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 – Wednesday’s U.S. Senate subcommittee hearing titled “No Sure Bets: Protecting Sports Integrity in America” was a lopsided battle between those speaking against and in favor of prediction markets. Those wanting more regulation for prediction markets included witnesses like American Gaming Association (AGA) President … Read more
Editor’s Note on May 13: The Minnesota House and Senate approved a bill that would ban a specific list of prediction market event contracts in the state. The bill, SF 4760, was amended to include language from John Marty’s SF 4511 bill banning event contracts … Read more
NEW YORK – While sports leagues want to regulated prediction markets and monetize them, their own players are seeking protection from them. A comment period for the Commodity Futures Trading Commission (CFTC) exposed the internal contradiction between leagues like the NFL, NBA, and MLB and … Read more