Prediction Markets
February 16, 2026
MLB Commissioner Suggests League Should Work with Prediction Markets
During meetings with team owners in Palm Beach, Florida, Major League Baseball Commissioner Rob Manfred has announced that the league is considering a new partnership with prediction market platforms as part of its efforts to strengthen integrity safeguards. Commissioner Manfred Wants to Work With Prediction Markets According to the announcement, the organization hopes that partnering […]
Prediction Markets
February 16, 2026
Mohegan Tribe Backs Crackdown on Prediction Markets
The Mohegan Tribal Gaming Authority is backing Connecticut’s efforts to rein in prediction market platforms that executives say are infringing on the tribes’ exclusive gaming rights. The announcement came as Mohegan reported a first-quarter profit, largely driven by a one-time accounting gain. “Exclusivity On All Forms of Gaming” During an earnings call last Thursday, February […]
Prediction Markets
February 16, 2026
FanDuel CEO: Prediction Markets Won’t Hurt Sportsbooks
FanDuel’s chief executive officer, Amy Howe, has made it clear: prediction markets are not siphoning customers from regulated sportsbooks, despite one platform recording a whopping trading jump of nearly 1,400% leading up to the Super Bowl. “They Don’t Offer the Variety of Bets Fans Expect” In an interview with CNBC, Howe explained the distinct appeal […]
Prediction Markets
February 12, 2026
CFTC’s Favorable Stance on Prediction Markets Sparks State Backlash
The Commodity Futures Trading Commission (CFTC)’s increasingly favorable stance on prediction markets has created fresh tension with state lawmakers and gaming regulators, as CFTC chairman Michael Selig has signalled his intention to support federal oversight over such platforms. With rising legal challenges, the future of prediction platforms will likely be decided in federal court. The […]
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. […]
