Prediction Markets
April 29, 2026
CFTC Strikes Back After Wisconsin Takes Action Against Prediction Markets
Wisconsin just called prediction markets “illegal gambling,” becoming the latest state to take a stance against the rapidly growing industry. In response, the Commodity Futures Trading Commission (CFTC) has initiated a lawsuit against the state, arguing that it is overstepping its regulatory authority. The CFTC Would Sue Anyone Interfering with Federal Law Just after Wisconsin […]
Prediction Markets
April 29, 2026
Ohio Moves to Treat Prediction Markets Like Sports Betting
New laws in Ohio could change the way prediction market platforms work in the state, especially those that offer contracts based on sporting events. Ohio Moves to License and Tax Sports Event Contract Trading The proposal filed under Senate Bill 430 wants to officially call trading on contracts for sports events a type of sports […]
Prediction Markets
April 29, 2026
Iowa Moves Forward with Plan to Tax Prediction Markets
A proposal to tighten control over prediction market platforms is gaining support in Iowa, where state lawmakers are trying to bring the rapidly growing industry under a formal regulatory framework. Lawmakers Push Costly Framework for Prediction Platforms in Iowa The new bill, Senate File 2470, has just passed the House subcommittee, which is another step […]
Prediction Markets
April 28, 2026
US Gaming Groups Intensify Push Against Prediction Markets
Two of the most powerful organizations in the American gaming sector are stepping up efforts in Washington to curb the rapid expansion of sports-related prediction markets, arguing that the trend threatens established regulations and state authority. IGA, AGA Step Up Joint Campaign Targeting Prediction Platforms The Indian Gaming Association (IGA) and the American Gaming Association […]
Prediction Markets
April 27, 2026
Wisconsin Calls Out Prediction Markets as ‘Illegal Gambling’
Prediction market platforms are accustomed to challenges, and the latest lawsuits filed by the Wisconsin Department of Justice are no exception. The state has targeted prediction market platforms, arguing that they facilitated and specifically enabled “illegal sports gambling.” Wisconsin Becomes the Latest State to Call Prediction Markets Illegal Gambling The crux of the argument is […]
Prediction Markets
April 27, 2026
Trump’s Talk about Iran Makes Prediction Markets Betting Explode
As tensions between Donald Trump and other countries continue to rise, online prediction sites are seeing a big increase in activity. Traders Rush to Wager on US Moves Toward Iran The US president’s changing attitude toward Iran has become a major reason why people are betting on political outcomes. This has brought millions of dollars […]
Prediction Markets
April 24, 2026
US Soldier Charged Over $400K Maduro Betting Case
A US Army special operations soldier involved in the removal of Nicolás Maduro from power has been charged with using classified information to place bets on the mission through Polymarket, federal authorities said on Thursday, April 23. Master Sgt. Gannon Ken Van Dyke is accused of turning roughly $33,000 in wagers into about $409,000 in […]
Prediction Markets
April 23, 2026
Kalshi Bans Candidates Over Trading on Own Campaigns
The first exchange regulated by the Commodity Futures Trading Commission (CFTC) and dedicated to trading on the outcome of future events, Kalshi, has taken action against political candidates accused of trading on their own election prospects. The company said it identified three candidates, whom it did not officially name, who placed trades tied to their […]
Prediction Markets
April 22, 2026
New Bill Seeks to Define Prediction Markets as Gambling
A new bill has been filed in the United States Senate that is looking to outright define prediction markets as gambling, potentially ending an ongoing legal debate over the status of these markets. Utah Senator Wants to Designate Prediction Markets as Gambling Specifically, the bill, backed by Utah Republican Sen. John Curtis, seeks to muster […]
Prediction Markets
April 22, 2026
New York Goes After Coinbase, Gemini over Prediction Markets
New York’s attorney general’s office has gone after two prediction market platforms, specifically Coinbase Financial Markets and Gemini Titan. Lawsuits were filed on Tuesday by AG Letitia James, who delivered a familiar argument – these platforms operate at odds with state gaming statutes and are therefore a legitimate target for legal proceedings. New York Files […]
