Prediction Markets
May 7, 2026
AGA Chief About CFTC Boss: “Quite Frankly, He Is a Joke”
The American Gaming Association’s (AGA) chief executive officer, Bill Miller, believes the casino industry and state regulators will ultimately prevail in their ongoing conflict over prediction markets. Speaking at the Economic Club of Las Vegas at Park MGM, the AGA head and Nevada Gaming Control Board Chair Mike Dreitzer addressed an audience of business leaders […]
Prediction Markets
May 6, 2026
Federal Judge Halts Arizona Case Against Kalshi
Prediction platform Kalshi has won a notable legal victory in Arizona, blocking state officials from pursuing criminal charges against the company. US District Judge Michael Liburdi issued a ruling that prevents Attorney General Kris Mayes from prosecuting the New York-based firm under Arizona’s gambling laws. The decision reinforces Kalshi’s arguments that it only answers to […]
Prediction Markets
May 6, 2026
Bipartisan Coalition of 41 Attorneys General Urge Prediction Markets Clarity
A bipartisan coalition created by 41 state attorneys general is pushing for a clear line over who controls sports-related prediction markets, arguing that states should retain full authority to regulate them. States Should Keep Doing What They’re Doing Iowa Attorney General Brenna Bird made the announcement at the start of the week, arguing that US […]
Prediction Markets
May 6, 2026
Kalshi Ups the Ante on Player Protections as Senators Eye New Bill
Kalshi announced that it is voluntarily implementing several measures outlined in a new player protections and marketing integrity bill. This comes amid continued criticism of the prediction markets sector. Kalshi Implements New Measures Based on Bipartisan Bill Kalshi said that its new measures come in response to a bipartisan bill introduced by Senators Gillibrand and […]
Prediction Markets
May 5, 2026
SEC Delays Approval of Prediction-Market ETFs
The US Securities and Exchange Commission (SEC) is investigating a new wave of financial products tied to real-world events. More than two dozen proposed Exchange-Traded Funds (ETFs), linked to outcomes ranging from election results to recession forecasts, were expected to move forward this week. Instead, the SEC has paused the launch, requiring additional details to […]
Prediction Markets
May 5, 2026
Warren Buffett Sounds Alarm over Prediction Market Boom
At the 2026 Berkshire Hathaway shareholder meeting, investor and philanthropist Warren Buffett sounded a warning about a fast-growing corner of the financial world. He was highly critical of prediction markets, platforms where users trade on the outcomes of real-world events. According to Buffet, such platforms blur the line between investing and gambling, threatening to undermine […]
Prediction Markets
May 5, 2026
Massachusetts Court Signals Support for Kalshi Betting Ban
Massachusetts’ highest court is leaning toward allowing state regulators to block sports-related trading offered by Kalshi, in a case that could reshape oversight of the fast-growing prediction markets industry. Kalshi Grilled in the Massachusetts High Court During a watched hearing, judges from the Massachusetts Supreme Judicial Court questioned whether the company’s products differ in a […]
Prediction Markets
May 5, 2026
Dan Patrick Wants Texas to Weigh Action on Prediction Market Loopholes
Texas, US lawmakers are looking into whether the controversial prediction markets are exploiting gaps in state gambling laws, setting up a broader conflict with federal regulators over who should control the fast-growing industry. Keeping an Eye on Loopholes The issue gained attention after Lt. Gov. Dan Patrick asked state senators to study so-called “gambling loopholes” […]
Prediction Markets
May 4, 2026
Prediction Markets Skipped Kentucky Derby Over Legal Risk
After spending the last year offering markets on everything from politics to sports outcomes, prediction markets Kalshi and Polymarket have taken many by surprise by skipping the Kentucky Derby. Neither company had listed a market for this year’s Derby, one of the most important horse races in the calendar, held at Churchill Downs and drawing […]
Prediction Markets
May 4, 2026
Prediction Markets Push CFTC to Narrow Gaming Rules
The Coalition for Prediction Markets, a group representing the interests of prediction market platforms, has asked US regulators to clarify how federal rules define “gaming,” raising the alarm over the way a broad interpretation could interfere with the industry’s growth. The Need for a Narrow Definition In a letter sent to Christopher Kirkpatrick at the […]
