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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 […]
Industry
May 6, 2025
CFTC Backs Down on Appeal in Political Betting Case Against Kalshi
The Commodity Futures Trading Commission (CFTC) has decided to withdraw its appeal in federal court related to a case against Kalshi. The prediction market remains embroiled in proceedings and legal challenges as the future of such products has been somewhat hazy. However, the CFTC’s latest decision suggests that prediction markets might be here to stay. […]
Legal
April 29, 2025
Judge Sides with Kalshi in Sports Prediction Market Dispute in New Jersey
A federal court in New Jersey has given Kalshi, a prediction market operator, a big legal victory. The court granted a preliminary injunction to stop state-level attempts to block the company’s sports-related event contracts. This ruling comes after the New Jersey Division of Gaming Enforcement (NJDGE) issued a cease-and-desist order in March. The NJDGE claimed […]
Industry
April 23, 2025
Kalshi Fires Back at Maryland Regulator in New Lawsuit
Tensions between state regulators and emerging prediction markets have further escalated as KalshiEX LLC filed a lawsuit against the Maryland Lottery and Gaming Control Commission (MLGCC) on Monday, challenging a recent cease-and-desist order that threatened to jeopardize its business in the state. This development comes shortly before the CFTC’s April 30 roundtable, an event that […]
