MINNEAPOLIS – Lawmakers in Minnesota are inching closer to banning prediction markets in the Land of 10,000 Lakes. A bill targeting a wide range of offerings from prediction market apps has advanced to the senate floor. Senator John Marty’s bill, SF 4511, would prohibit contracts … 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
WASHINGTON – U.S. Senator Richard Blumenthal’s Prediction Markets Security and Integrity Act “bans wagers on war, cracks down on insider trading, and protects consumers from fraud” by returning regulatory oversight to the states. Blumenthal proposes a state wagering program to regulate prediction market apps and … 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
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
Kalshi’s pricing on markets during Week 17 of the NFL season was up to 8% more expensive than that of legal online sportsbooks. DraftKings’ own prediction market was about twice as expensive as their own sportsbook odds. LAS VEGAS – Recent tracking by Citizens found … Read more
Arizona is the first state to announce intentions to revoke the license of a sports betting operator, as Underdog has come under fire for their partnership with Crypto.com. Underdog never officially launched sports prediction markets in Arizona. PHOENIX – Arizona is set to revoke the … 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
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