Polymarket

Sportradar credited "significant contributions" from prediction markets in a quarter that also carried a full three months of IMG Arena and a World Cup. It put a little over €60 million a year on its exposure to Brazil, and declined to size the newer business.

Australia's financial regulator has told platforms that a retail prediction market is unlikely to pass its public interest test for a market licence. Offshore users and the licensees who route them there have been put on notice.

Twelve new Polymarket accounts bet about $264,000 on the exact 2026 Ballon d'Or top five before the ceremony and made close to $200,000, according to the French outlet Upside. Groupe Amaury, which owns France Football, says it is filing a complaint over suspected leaks and potentially fraudulent bets.

Two senators, one from each party, have asked the two largest US prediction markets to show how they keep insiders and manipulators out of election contracts, with answers due on the day of the midterms. The letter argues that catching a handful of candidates is not proof the markets are protected.

Spain's gambling regulator used a cryptocurrency conference to restate that a prediction market offering gambling needs a Spanish licence. It gave no update on the case opened against Polymarket and Kalshi in May, which the ministry expected to take three to four months.

Kalshi has almost doubled its valuation in under six months with a $1 billion Series G co-led by Wellington and Sequoia. The round was announced a day after Utah filed felony charges against the exchange and both co-founders, and the company's pitch to investors leans on its business beyond sport.

Polymarket US has become the fourth prediction market to stand down on sports in Michigan, under a stipulation approved in the federal court that refused it an injunction in June. It is conceding a state where its appeal sits before the circuit that has already ruled against Kalshi, while it carries its fight to Ohio and Louisiana.

Kalshi has sued Missouri, Polymarket has sued Louisiana and Crypto.com's exchange has sued Utah, all in federal court and none of them yet the target of a state lawsuit. The filings are a race for the forum, because once a state sues first in its own courts, pre-emption becomes a defence rather than a route into federal court.

Days after tightening its sportsbook menu, the NBA has signed up Kalshi and Polymarket as preferred exchanges and DraftKings as an authorised operator. The memorandum it signed with the federal regulator alongside them is a statement of intent, and says so.

President Luiz Inácio Lula da Silva won Sunday's run-off on the day Brazil's federal betting licences expired, ending the industry's hope that a new government would withdraw the ban. What happens next rests with a Congress that has still not installed the committee due to report on the measure by 23 November, and with a Supreme Court justice who held his ruling until the vote was over.

A one-page memo from Defense Secretary Pete Hegseth tells service members and civilians that trading on nonpublic information, classified or not, can bring discipline or prosecution, and calls their bets a signal enemies can read. As reported, it stops short of the ban on military-event trading that lawmakers asked for in May.

Three Democrats who have spent since August questioning FanDuel's VIP programme have now asked DraftKings, BetMGM, Caesars, Fanatics, Kalshi and Polymarket to say how much their top customers lost before and after they were enrolled. The letters are requests, not findings, and the companies have until 5 November to answer.

Ireland's gambling regulator has now published 235 notices of intent to apply for a licence, and most of the recent ones come from racecourse and high-street bookmakers whose Revenue licences expire on 30 November. Its own register shows how far it still has to go: one in-person betting licence issued so far.

The FTSE 100 trading group says financial prediction markets will launch in the fourth quarter for professional clients only, as the Financial Conduct Authority still treats them as banned retail binary options. Sports and politics wait on a Gambling Commission licence it has applied for.

The Ohio Casino Control Commission has told every sportsbook, supplier, integrity monitor and testing laboratory it licenses to stop providing services "of any kind" to platforms offering sports event contracts in Ohio, or face reopened suitability investigations. With its cease-and-desist letters to the exchanges now challenged in court, Ohio is turning to the companies that keep them running.

The Senate Commerce Committee chairman intends to file legislation after the 3 November midterms that would bar gambling-linked event contracts, sports included, unless a state or tribe authorises them, Bloomberg Law reports. No text, bill number or co-sponsor is public yet, and the window before this Congress ends is short.

Polymarket's US exchange went to federal court in Columbus on the day Ohio's cease-and-desist deadline expired, leading with a constitutional claim the Sixth Circuit has not decided. Governor Mike DeWine says the state will now file suits of its own.

Two of the six prediction market operators Missouri ordered to stop offering sports event contracts went to federal court on Friday rather than comply. Both cases sit in the Eighth Circuit, which has yet to decide the question that has already split three other appeals courts.

A New Taipei court order sought by the Criminal Investigation Bureau has taken both platforms' websites offline in Taiwan ahead of the 28 November local elections. Kalshi says it does not allow trading there, but its own market data shows open contracts on Taipei's, New Taipei's and Kaohsiung's mayoral races.

A magistrate judge has recommended that Kentucky's gambling suit against Polymarket go back to the state court where it was filed, leaning on the Sixth Circuit's September ruling against Kalshi, and the same is reported in the Kalshi case. If the district judges agree, a Kentucky judge will hear the state's claims for injunctions, penalties and treble damages.

The Securities and Exchange Commission has cleared Cboe to list yes-or-no options that pay $1 on whether a company's reported figure, such as iPhone sales, clears a set level. They will trade as securities, not CFTC event contracts, with Robinhood lined up as the first broker, but there is no launch date until Cboe's clearing house is approved.

The Stockholm-listed slots supplier says the Malta Gaming Authority has extended its licence to peer-to-peer games, the class that covers poker and betting exchanges, so it can supply prediction markets to operators. A European gambling regulator is licensing as gaming a product that Washington proposed six days ago to define as a swap.

Google has added Connecticut to the US states where certified prediction markets may not advertise, the fifth exclusion since it opened the category in January, and has written a pointer to its prediction market rules into the main body of its gambling policy. Each of Google's notices has taken effect the day it was posted, and none gives a reason.

The Federal Trade Commission has begun an early-stage review of online sportsbooks such as FanDuel and DraftKings, The Washington Sun reported, citing three sources. Nothing is on the record yet: DraftKings says it has had no civil investigative demand and the agency declined to comment.