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Casino
June 11, 2025
Senators Press Quintenz on Prediction Markets at CFTC Hearing
Brian Quintenz’s Senate hearing to become CFTC Chair kicked off heated discussions this week, with tribal gaming rights and the future of sports event contracts taking center stage. Senators used the meeting not just to evaluate Quintenz’s qualifications but also to question him about how the agency under his watch would deal with disputed prediction […]
Sports
May 29, 2025
GOP Hopeful Bets on Himself in CA Governor Prediction Market
In a bold move, California gubernatorial candidate Kyle Langford has placed a small but symbolic wager on himself. The Republican hopeful publicly disclosed on X (formerly Twitter) that he purchased $98.76 worth of contracts on Kalshi, the popular prediction market platform that has recently added Solana to its crypto options, betting that he will become […]
Blockchain
May 27, 2025
Kalshi Expands Crypto Options with Solana
Prediction markets operator Kalshi is now accepting Solana (SOL) as a deposit option for funding user accounts, the US company recently announced. Solana Is Now Available for Kalshi Users According to the Kalshi help center, users can now instantly access their funds, allowing them to start trading right away. This eliminates the typical delays associated […]
Industry
May 23, 2025
Arizona Becomes the Latest State to Oppose Prediction Markets
The Arizona Department of Gaming (ADG) has ordered three major prediction markets to cease and desist. This is the latest effort to stutter sports-event contract providers’ rapid and somewhat controversial growth. Prediction Markets Face Pushback The ADG’s latest regulatory action saw it send cease-and-desist letters to Crypto.com, Kalshi, and Robinhood, all of which have been […]
Sports
May 22, 2025
Kalshi Needs Sports Markets More Than Sports Needs Kalshi
Kalshi has had a string of successes recently. Multiple challenges from US states and their gambling regulators have been largely contained, although more scrutiny is certainly coming. Regardless, early effort to block Kalshi’s sports markets have now come a cropper, as courts have granted the platform’s right to not comply with cease-and-desist letters sent to […]
Sports
May 22, 2025
CFTC Plans Call with Tribal Groups as Prediction Market Debate Continues
The US Commodity Futures Trading Commission (CFTC) will talk to chosen tribal organizations on May 29. This careful move aims to engage with groups worried about the prediction markets’ future, particularly those linked to sports events. Cancelled CFTC Gathering Raises Questions About Oversight of Sports-Based Contracts This call comes after the CFTC called off a […]
Sports
May 15, 2025
Kalshi Faces More Pressure as Maryland Gambling Regulator Fights Back
Kalshi may have won temporary reprieves in several states across the country, but gambling watchdogs aren’t backing down. Instead, they’re preparing for the next stage of what’s shaping up to be a prolonged legal saga. Kalshi’s argument is simple: “We are subject to federal regulation under the purview of the Commodity Futures Trading Commission (CFTC).” […]
Sports
May 14, 2025
Club Pro Guy Partners with Kalshi for Betting Comeback
Club Pro Guy (CPG) is back in the game, and he’s bringing a new partner with him. The satirical golf pro, beloved for his absurd takes on the game and fictional ventures like Three Jack National and the Second Hold Foundation, has struck a deal with Kalshi, the prediction market platform that lets users bet […]
Legal
May 12, 2025
Kalshi Fights Nevada in High-Stakes Clash Over Federal vs. State Control
Kalshi, a company running prediction markets, is pushing hard to stop Nevada officials from banning its trading contracts. Kalshi Argues Federal Law Overrides Nevada in Sports Betting Dispute The firm claims that federal law, not state rules, decides if its business is legal. Kalshi told a court that the Commodity Exchange Act (CEA), which controls […]
Industry
May 8, 2025
Bettors Lose Big as Robert Prevost Becomes First American Pope
Many pious people consider gambling to be a sin. Considering this, the election of Cardinal Robert Prevost as the new Pope, which resulted in countless lost bets, could perhaps be considered one of his first victories. Prevost Became Pope Leo XIV In an unexpected turn of events, the Chicago-born Cardinal Robert Prevost was named as […]
