Prediction markets firms take heat in Senate Commerce hearing scrutinizing surge
Sports betting on firms such as Kalshi was the focus of questions over advertising to children, cheating from athletes and undermining regulated gaming.
Prediction Markets
Nevada regulators push back after prediction market conference blames them for move
Spokesperson for regulator denies that it put pressure on ARIA Resort & Casino for hosting Predict 2026
U.S. CFTC in talks with every major pro sports league on policing prediction markets
Chairman Michael Selig says the agency has already taken several states to court to prove that sports contracts aren’t just betting but that they’re derivatives.
CFTC Chair Mike Selig argues for agency’s ‘exclusive regulatory authority’ in prediction markets fight: State of Crypto
Selig said states do not have the ability to police prediction market providers, echoing his agency’s stance as it pursues court cases to cement its authority.
Federal judge blocks Arizona from bringing criminal charges against Kalshi
Judge Michael Liburdi ordered Arizona not to bring any enforcement actions under state law against Kalshi, at least temporarily.
Kalshi now controls 89% of the U.S. prediction market as regulated trading takes over
As Kalshi captures a dominant 89% of the market, a high-stakes legal battle between federal regulators and individual states will determine if these platforms are treated as sophisticated financial tools or just another form of gambling.
Polymarket reveals a ‘full exchange upgrade’ to take control of its own trading and truth
The $20 billion prediction market is overhauling its infrastructure and launching a native stablecoin to streamline trading as it prepares for a major U.S. expansion.
Appeals court blocks New Jersey from shutting down Kalshi’s sports markets
The Third Circuit Court of Appeals ruled that New Jersey could not bring an enforcement action against Kalshi, finding that the federal Commodity Exchange Act preempted state gambling laws.
Polymarket pulls controversial Iran rescue markets after intense backlash
Prediction markets face rising regulatory pressure, with congressional Democrats proposing legislation to ban contracts tied to elections, war and government actions.
Judge continues Nevada ban on Kalshi sports markets
A state judge ruled that Kalshi’s prediction markets offering sports bets were “indistinguishable” from gambling, and extended a temporary ban in Nevada.