A Massachusetts judge has granted a preliminary injunction against prediction market Kalshi, prohibiting the platform from offering sports related contracts to residents without a state licence. The ruling, which follows a lawsuit by Attorney General Andrea Joy Campbell, marks the first successful state level block of the company’s sports business and challenges its claim that federal CFTC regulation preempts local gambling laws.
Nevada's landmark lawsuit against Polymarket marks a pivotal shift in the war between state gaming regulators and federally licensed prediction markets, as the "Silver State" seeks to protect its licensing monopoly from Silicon Valley's latest financial innovations.
Bryson DeChambeau has made history as the first individual athlete to represent Kalshi, marking a significant crossover between the world of elite golf and the rapidly expanding prediction market sector.
Tennessee regulators have issued a stern ultimatum to Kalshi and Polymarket demanding an immediate halt to all sports wagering activities within the state. The move follows allegations that these platforms are bypassing local gambling laws by offering unlicensed sports event contracts to residents. Companies have until the end of January to refund all customer deposits or face heavy fines and potential criminal investigation.
Dow Jones has signed an exclusive deal to integrate Polymarket's prediction data into The Wall Street Journal and MarketWatch, signalling a major shift in how financial news utilises betting odds to gauge future events.
A Polymarket trader turned $30,000 into $436,000 by betting on President Maduro's capture days before it happened, sparking debate over whether prediction markets incentivise insider trading on military conflicts.
Crypto exchange Kraken acquires CFTC licensed Small Exchange for $100m, gaining a DCM license to launch regulated US prediction markets and compete with Kalshi.
In a move that dramatically blurs the lines between online speculation and mainstream financial trading, the popular crypto prediction market Polymarket has
Nevada's top gaming regulator has dramatically escalated its fight against prediction markets, issuing a formal notice that warns its own licensees they could
If you wanted a perfect snapshot of the post-PASPA world, this week delivered it. We saw a legacy institution, the NCAA, finally bow to the inevitable reality
