United States: all our coverage

An Ingham County judge has granted a 14-day temporary restraining order barring prediction-market operator Kalshi from offering sports event contracts to anyone in Michigan, with noncompliance carrying a penalty of $120,000 per day. It is the latest state to treat the federally registered exchange as an unlicensed sportsbook.

The prediction-market exchange is raising fresh capital at roughly twice its most recent valuation, with the World Cup pushing trading volumes higher. A potential 2027 listing is now on the table.

A new analysis argues that crypto-based [prediction markets](/glossary) operating outside traditional banking oversight could make football's biggest tournament a channel for money laundering, illicit betting and match manipulation. With global World Cup wagering estimated to exceed $50 billion, the report frames the integrity risk as structural rather than incidental.

Nevada's gaming regulator wants KalshiEX held in contempt, and hit with penalties of up to $120,000 a day, for letting people inside the state trade event contracts a court told it to block. The twist: federal judges have just ruled the opposite way, leaving the same product protected in one forum and prosecuted in another.

$60 billion in legal wagers, and potentially more flowing through the black market. Flutter International chief executive Dan Taylor has used the eve of the 2026 World Cup to deliver one of the industry's clearest warnings yet about the scale of the offshore threat.

New Jersey senators have advanced a trio of responsible gambling bills, led by S-2356's mandate to study and standardise advertising language, as the state's iGaming revenue hits a record $276.3 million and builds on the Division of Gaming Enforcement's new behavioural-monitoring standards.

Polymarket has reportedly removed the waitlist on its US iOS app, opening its prediction-market exchange to general American users for the first time since 2022. The comeback rests on its $112 million QCEX acquisition and a CFTC no-action letter, and it sharpens an already intense rivalry with market leader Kalshi.

The most consequential US gambling story of the year has just unfolded inside one company. Amy Howe is out at FanDuel, the sportsbook is bleeding customers and Flutter is betting nine figures on prediction markets to fix it.

From MLB bribery charges to NBA match-fixing allegations, proposition betting's integrity problem has arrived in New York's legislature. A new task force bill signals the state is running out of patience with inaction.

Four years after being forced out of the American market, Polymarket is reportedly in discussions with the CFTC about a full domestic return. The timing could not be more politically charged.

The CFTC is no longer just defending prediction markets in court. It is now going on the offensive against the states trying to shut them down. New York is the latest target in a rapidly expanding federal legal campaign.

New York's Attorney General is calling prediction markets what she says they really are: illegal gambling. The lawsuits against two of crypto's biggest names mark a significant escalation in the state versus federal battle over who controls this fast-growing sector.

A platform that was paying CFTC fines and blocking US users just three years ago is now reportedly worth $15 billion. Polymarket's comeback is one of the most dramatic turnarounds in the prediction markets industry.

A congressional hearing has exposed deep uncertainty at the heart of American prediction markets regulation. When the CFTC chair cannot tell a prediction market contract apart from a sportsbook bet, the regulatory gap becomes impossible to ignore.

Washington's derivatives regulator has named the team that will help shape the future of prediction markets, cryptocurrency and AI regulation. The appointments signal where the CFTC's priorities lie.

From Robinhood's selective product choices to Europe's blanket bans, the prediction markets industry is facing a moment of reckoning over market integrity. The question is whether the sector can regulate itself before regulators do it for them.

Kalshi insists its products are financial instruments. State regulators insist they are bets. A Nevada judge has sided firmly with the regulators, and the fight is now playing out in courtrooms across the country.

Arizona Attorney General Kris Mayes has filed 20 criminal misdemeanour charges against prediction market platform Kalshi, alleging it operated an unlicensed gambling business and accepted bets on state elections in violation of Arizona law, marking the first criminal prosecution of a prediction market company by any US state.

Indiana Governor Mike Braun has signed House Bill 1052 into law, making Indiana the first state in 2026 and the seventh overall to prohibit dual-currency sweepstakes casino platforms, with civil penalties of up to $100,000 per violation taking effect from 1 July 2026.

The US Commodity Futures Trading Commission has issued binding staff guidance and opened a formal advance rulemaking process on prediction markets, signalling a decisive shift under Chairman Mike Selig as event contracts surge from five per year in 2006 to roughly 1,600 certified contracts in 2025.

Bally’s Intralot will transition its lotteries leadership on 16 March 2026 as Nikos Nikolakopoulos steps down as President of Lotteries, with chief operating officer Chrysostomos Sfatos set to assume the role while the outgoing executive remains on the board as a non-executive director.

Israeli police are investigating a large Polymarket wager that correctly predicted a United States strike on Iran on 28 February, amid concerns about possible insider knowledge and renewed scrutiny of how prediction platforms handle high risk geopolitical markets.

A Nevada federal judge has remanded disputes involving Kalshi and Polymarket back to state court, a shift that clears the way for Nevada regulators to pursue rapid orders that could restrict prediction market contracts offered to residents.

DraftKings has reorganised parts of its workforce as it ramps up automation and scales its prediction market ambitions, with management and analysts pointing to cost alignment, AI driven decisioning, and infrastructure changes ahead of a major 2026 sports calendar.