Prediction Markets
March 13, 2026
Utah’s Governor Unlikely to Back Out of Banning Prediction Markets
Gov. Spencer Cox of Utah has publicly stated that prediction markets allow every young person to have a “portable casino” in their pocket, announcing his opposition to the sector. The governor comes from a conservative state where gambling is outlawed as a whole, and where attempts to offer any form of it are frowned upon. […]
Prediction Markets
March 13, 2026
CFTC Begins New Regulatory Push for Prediction Markets
The US Commodity Futures Trading Commission (CFTC) has taken initial steps to create a regulatory framework for prediction markets, launching a rulemaking process while issuing fresh guidance for companies operating these platforms. CFTC Opens Consultation on Rules for Prediction Markets The agency announced the move on March 12, opening a public consultation that will help […]
Prediction Markets
March 12, 2026
US Tribes Discuss the Dangers of Prediction Markets at UINO Meeting
America’s tribal leaders have once again rejected the divisive prediction markets sector, calling for the government to protect tribal sovereignty from the rapidly growing vertical. Speaking at the United Indian Nations of Oklahoma (UINO) March quarterly meeting, representatives of various tribal organizations reaffirmed that event contracts threaten the very foundations of tribal gaming. Tribal Operators […]
Prediction Markets
March 11, 2026
Ohio Judge Says Kalshi Is Gambling – Orders It to Stick to the Law
Kalshi is waddling through the familiar quagmire that has judges and regulators second-guessing the nature of its products. Is it a platform offering financial products and trades regulated under the Commodity Futures Trading Commission, or is it a covert form of gambling, as trade group Gambling Is Not Investing insists? Kalshi Faces Another Legal Setback […]
Prediction Markets
March 11, 2026
Polymarket Teams Up With Palantir to Strengthen Sports Market Oversight
Polymarket has unveiled a partnership with technology firm Palantir Technologies and artificial intelligence specialist TWG AI to develop a sophisticated monitoring system designed to safeguard sports-related prediction markets. The initiative aims to boost transparency and detect irregular trading behavior as the sector faces growing scrutiny from regulators and sports organizations. Polymarket Deploys AI Surveillance to […]
Prediction Markets
March 10, 2026
Experts Warn Prediction Market Disputes May Reach Supreme Court
The nation’s highest court may decide the future of prediction markets in the United States as disputes between states, platforms, and federal regulators leave the sector shrouded in uncertainty. Industry experts speaking at the NEXT Focus: Emerging Verticals conference in New York this week said the fast-growing sector is on a collision course with the […]
Prediction Markets
March 10, 2026
Kalshi Expands to Brazil with Brokerage Firm XP
Bloomberg has reported that Kalshi is now expanding further afield in Brazil, following an interview with company co-founder Luana Lopes Lara and the media outlet. Kalshi Delivers on Promise to Expand Further Globally The partnership is part of the company’s broader expansion strategy that will rely on established financial partners overseas rather than seek to […]
Prediction Markets
March 9, 2026
Better Markets Slams Prediction Markets as Gambling, Warns of Potential Insider Trading
Better Markets, an independent, nonpartisan, nonprofit organization promoting a healthy financial system, has become one of the latest critics of the growing prediction markets sector. The company echoed claims that the event contracts offered by such platforms constitute gambling and said that the industry has gone far beyond anything the CFTC intended it to do. […]
Prediction Markets
March 9, 2026
Kalshi and Polymarket Eye $20B Valuations Amid Scrutiny
Prediction market giants Kalshi and Polymarket are reportedly aiming for valuations of around $20 billion each, according to sources cited by The Wall Street Journal. Early Talks Both companies have been involved in talks with potential investors regarding possible capital raises that would push their market value to that level. These discussions are still early, […]
Prediction Markets
March 6, 2026
Illinois Moves to Rein In Prediction Markets with Strict New Bill
Illinois lawmakers are considering a proposal that would give the state significant control over prediction markets. This move could mark one of the most ambitious efforts by a US state to regulate the fast-growing sector. If the bill moves forward, it could lead to challenges from the CFTC and platforms like Kalshi, which contend that […]
