Prediction Markets
May 29, 2026
Gaming Lobby Sounds Alarm on Billion-Dollar Tax Gap From Prediction Markets
State and tribal governments are missing out on hundreds of millions of dollars in taxes as legacy sportsbook operators clash with newer prediction market platforms, industry officials say. AGA Claims Prediction Markets Cost States Over $1B in Tax Revenue The American Gaming Association (AGA) has stepped up its criticism, claiming the rapid growth of prediction-based […]
Prediction Markets
May 29, 2026
Google Engineer Charged with Insider Trading on Polymarket
A software engineer working for Google has been officially charged in the US for an alleged plot to misuse confidential company information to make large profits through a prediction market site. “AlphaRaccoon” Account Tied to $1.2M Insider Trading Case Michele Spagnuolo, 36, an Italian citizen residing in Switzerland, is accused of using his privileged access […]
Prediction Markets
May 28, 2026
Prediction Markets Face Growing Regulatory Backlash
The prediction market sector is under rising scrutiny from lawmakers, regulators, and parts of the gaming industry. Nevada Rep. Dina Titus is spearheading some of the latest pushback with her pleas for federal intervention. Speaking at a large industry conference in Las Vegas, she cautioned that prediction markets offering sports contracts operate in a state […]
Prediction Markets
May 28, 2026
Citizens: Prediction Market Combo Users Have Worse ROI than Parlay Bettors
Yet another analysis, this time from Citizens JMP Securities, has suggested that prediction market users lose more than their traditional sports betting counterparts. The report focused on prediction market combos and compared them with traditional sports betting parlays. Combo Users Lose More, Mixed Users Lose the Most According to Citizens experts, traders placing prediction market […]
Prediction Markets
May 27, 2026
Spain Suspends Access to Kalshi, Polymarket as Probe Underway
Spain’s Ministry of Consumer Rights has taken a temporary restrictive measure against prediction market platforms Polymarket and Kalshi, blocking access from country-based IPs. Spain Becomes Latest Jurisdiction to Target Kalshi, Polymarket According to the ministry, neither platform has been cleared to actually offer its products locally, with Polymarket and Kalshi focusing on a diverse range […]
Prediction Markets
May 27, 2026
President Trump Says Prediction Markets Must Be Regulated by the CFTC
Prediction market opposition continues to mount, but the sector is holding its own and launching legal counter-offensives Trump Pummels People in Power Who Move Against Prediction Markets President Donald Trump can be a divisive figure, and this is putting it lightly. From military overtures in Venezuela and Iran, to bullying allies who obstinately refuse to […]
Prediction Markets
May 27, 2026
Kalshi Enters Art with Auction-Based Prediction Markets
Kalshi has launched a new category of fine art trading, an important step in the evolution of prediction markets. The New York-based platform now lets users bet on the prices of art at major auction houses, opening up a space that has historically been closed off to the average investor. Art Becomes Tradable Asset in […]
Prediction Markets
May 26, 2026
Rhode Island AG Goes After Prediction Markets
The attorney general of Rhode Island, Peter Neronha, does not seem to be intimidated by the pushback from the Commodity Futures Trading Commission (CFTC) and private companies from the prediction market sector. Rhode Island Determined to Battle Prediction Markets over Sports Event Contracts In fact, he has just launched a lawsuit of his own, targeting […]
Prediction Markets
May 26, 2026
US Prediction Markets Target Australian Politics
US-based online prediction sites are drawing attention for allowing users to speculate on the minutest details of Australian public life, from elections to the very words uttered by the country’s prime minister. Kalshi and Polymarket Draw Millions in Bets on Australian Elections and Policy Moves Firms like Kalshi and Polymarket have quickly expanded into subjects […]
Prediction Markets
May 22, 2026
Betr Buys NFA Broker to Facilitate Entry into Prediction Markets
To accelerate its planned entry into the prediction market field, Betr, the daily fantasy site co-owned by influencer Jake Paul, has acquired Ascent Capital Management Inc. With this move, the company secures registration with the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). Betr Can Now Offer Prediction Markets Platforms As a […]
