Prediction Markets
February 12, 2026
Mark Wahlberg Rumor Drives $24M Action on Prediction Markets
A Kalshi prediction on whether Mark Wahlberg would attend Super Bowl LX has been resolved. At the conclusion of the market, the trading probability of “No” was at 98%, which turned out to be correct. Even though the New England Patriots were playing, whom Wahlberg is known as a big fan of, the actor did […]
Prediction Markets
February 12, 2026
Dina Titus Bill Takes Aim at Sports Contracts on Prediction Markets
Nevada Representative Dina Titus has introduced federal legislation to stop prediction market platforms from offering contracts linked to sporting events and casino-style outcomes. This move has sparked a heated debate about how to regulate these products. Titus Pushes Crackdown on Sports-Linked Prediction Contracts The proposed Fair Markets and Sports Integrity Act would ban regulated exchanges […]
Prediction Markets
February 11, 2026
Kalshi Faces Renewed Scrutiny in Its Tennessee Legal Battle
Kalshi’s efforts to continue offering sports prediction contracts in Tennessee have encountered a new obstacle as renewed skepticism in federal court may threaten the platform’s nationwide ambitions. Recent proceedings in the dispute between Kalshi and the Tennessee Sports Wagering Council highlighted that the court remains unconvinced that betting on game outcomes falls under federal derivatives […]
Prediction Markets
February 11, 2026
Kalshi’s Ambiguity About Cardi B’s Super Bowl Performance Leads to CFTC Letter
Fans and bettors have spent many millions around Super Bowl Sunday on Kalshi’s prediction markets. A lot of that money came from non-game trading, with more than $100 million exchanged just on the market for the halftime show’s opening song. However, traders who wagered $4.4 million on whether Cardi B would “perform” during the show […]
Prediction Markets
February 11, 2026
Kalshi Says It Took in $1.2B in Trades on the Super Bowl
At a time when the American Gaming Association optimistically projected around $1.76 billion in sports bets placed on the Super Bowl, Kalshi – a major prediction market platform – has completely exceeded expectations, once again reaffirming its position in the mainstream carried by sports fans. The platform said that it registered a 2,700% increase in […]
Prediction Markets
February 11, 2026
NCPG Asks Prediction Markets to Highlight National Gambling Helpline
The National Council on Problem Gambling (NCPG) has asked prediction market operators who serve US customers to highlight the National Problem Gambling Helpline. The NCPG warns that these platforms carry risks like traditional betting products. Prediction Market Growth Raises Gambling Harm Concerns, NCPG Warns On February 9, the nonprofit’s board of directors passed a resolution. […]
Prediction Markets
February 10, 2026
Polymarket Takes Massachusetts to Court Over Limits on Sports Contracts
Polymarket is suing Massachusetts to stop the state from limiting its sports prediction markets. This legal battle comes as regulators crack down, already forcing Kalshi, a competitor, to block Massachusetts users. Legal Fight Looms as Polymarket Moves to Block Massachusetts Enforcement On Monday, Polymarket filed a lawsuit in the US District Court for the District […]
Prediction Markets
February 9, 2026
Kalshi Enjoys Super Bowl Boom as Massachusetts Ban Looms Closer
The Super Bowl weekend brought Kalshi massive success, even as a court ruling in Massachusetts threatened to shut down its sports offerings in the state. While state regulators prepare to enforce their restrictions, traders poured nearly a billion dollars into Kalshi’s Super Bowl markets. It is unclear whether the platform’s success will impact its ongoing […]
Prediction Markets
February 9, 2026
Sporttrade Seeks Federal Approval to Enter the Prediction Markets Scene
Sporttrade filed documents with the Commodity Futures Trading Commission (CFTC) to seek designation as a contract market (DCM), meaning that if approved, the company would gain the same status as prediction markets like Kalshi and Polymarket. Sporttrade Makes Bold Move Towards Prediction Markets The prediction market industry has seen rapid growth over the past year, […]
Prediction Markets
February 9, 2026
ACMA Hounds Prediction Markets, Says They Are Illegal Gambling
The Australian Communications and Media Authority (ACMA) is now set to treat prediction markets as illegal gambling, following in the footsteps of multiple jurisdictions around the globe. The information, obtained by media outlet Crikey, indicates that ACMA investigated Polymarket, one of the world’s best-known and most prominent such marketplaces. ACMA Confirms Polymarket Is a Form […]
