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Industry
October 17, 2025
Nevada Regulator Cracks Down on Event Contracts Related to Prediction Markets
In a letter sent Tuesday to licensed sportsbooks, the Nevada Gaming Control Board (NGCB) advised operators to “be mindful of their obligations to maintain suitability and comply with all applicable laws in all jurisdictions where they operate.” The board also noted that any operator choosing to offer sports or other event-based contracts will have their […]
Business
October 13, 2025
Kalshi Secures $300M Funding, Hits $5B Valuation
Tarek Mansour, CEO of Kalshi, has confirmed in a LinkedIn post the long-rumored $300 million investment secured in the company’s latest funding round, bringing the company’s valuation to $5 billion, as stated last month. Kalshi’s CEO Announces the Company Hit Its Previously-Stated Validation This new capital injection boosts the valuation of the prediction market leader […]
Industry
October 9, 2025
PGCB Executive Director Warns About the Impact of Predictions Markets
In a letter addressed to Pennsylvania’s congressional delegation on Wednesday, Kevin F. O’Toole, executive director of the Pennsylvania Gaming Control Board (PGCB), expressed concern over the increasing prevalence of sports prediction markets, warning that they pose a “significant threat” to the state’s established gaming regulatory framework. PGCB Executive Director Says Predictions Markets Create Back Doors […]
Industry
October 6, 2025
MGCB: Participation in Prediction Markets Will Carry Risks for Licensees
The Michigan Gaming Control Board (MGCB) has warned that gambling operators and other parties seeking to get into the fast-growing prediction markets space that their licenses could be revoked. This comes as regulators and regulated industry stakeholders continue to argue that prediction markets constitute unregulated sports betting. Prediction Markets Have Continued to Grow Despite the […]
Industry
October 3, 2025
Prediction Markets Won’t Hurt Sportsbooks’ Earnings, Macquarie Analyst Says
Prediction market products are not competitive with traditional sportsbook operators, Macquarie senior gaming, lodging & theatres analyst Chad Beynon said, so they shouldn’t have a significant financial impact on their earnings in 2025. Prediction Markets Gain Ground but That Won’t Negatively Impact 2025 Earnings, Beynon Claims Beynon stated that the threat appears genuine, especially in newly regulated states where […]
Business
October 3, 2025
Polymarket Set for US Relaunch After Regulatory Clearance
Prediction platform Polymarket is preparing to reopen in the USA nearly four years after regulators forced it to suspend its operations in the country. Documents filed in September and statements from company officials suggest that the relaunch could be imminent. This move will likely serve as a test for the broader prediction sector as it […]
Business
September 23, 2025
PrizePicks Secures CFTC Approval as FCM, Eyes Prediction Markets
North America-facing daily fantasy sports operator PrizePicks has just secured approval to make a foray into the prediction markets space. The significant development comes just after Czech lottery giant Allwyn set out to acquire a majority stake in the company. PrizePicks Could Enter the Prediction Markets Space PrizePicks just secured approval from the Commodity Futures […]
Industry
September 19, 2025
Kalshi Surpasses $1B in Monthly Trading Volume, Establishes Global Dominance
Over the past year, prediction markets giant Kalshi has experienced a significant transformation, topping $1 billion in monthly traded volume, firmly establishing itself as the clear leader in the industry. Kalshi Establishes Global Prediction Markets Dominance The company reports that newly released data, drawn from publicly available metrics, shows Kalshi now controls 62.2% of the […]
Legal
September 16, 2025
Robinhood Challenges Massachusetts Over Sports Prediction Market Enforcement
Robinhood Derivatives, а partner of predictions markets operator Kalshi, filed a federal lawsuit on Monday, aiming to prevent Massachusetts regulators from applying state gambling laws to its sports prediction market activities. Robinhood Files Lawsuit Against Massachusetts Regulators In its September 15 filing in the US District Court for the District of Massachusetts, Robinhood requested an […]
Sports
September 16, 2025
Prediction Markets Face Legal Uncertainty as US States and Courts Weigh In
The debate continues about whether prediction markets should have permission to offer contracts linked to sports events. This issue might need Congress, the US Supreme Court, or coordinated state-level decisions to step in and resolve it. For now, the legal scene remains unclear. This creates both risks and chances for companies in this field. Legal […]
