Industry
October 31, 2025
US Struggles to Rein In Prediction Markets as State Frustration Mounts
The United States is entering uncharted territory as it struggles to resolve the discrepancies surrounding prediction markets. What began as a niche segment of the financial market has now evolved into a multi-billion-dollar sector that is testing the limits of federal oversight and state gambling laws. At the forefront of this dispute is Kalshi, a […]
Legal
October 29, 2025
Kalshi Faces Legal Setback as Federal Judge Sends Massachusetts Case to State Court
New York-based prediction market operator Kalshi has suffered a significant legal setback as a federal judge ruled that the platform’s ongoing legal battle with the state of Massachusetts must proceed in a state court rather than a federal one. This ruling marks a procedural win for Massachusetts Attorney General Andrea Campbell, who seeks to prevent […]
Industry
October 29, 2025
Truth Social Enters Prediction Markets with “Truth Predict”
Donald Trump’s social media platform Truth Social is expanding into prediction markets. A new partnership with Crypto.com will allow users to speculate on the outcomes of political, economic, and sporting events. The feature, called “Truth Predict,” marks the latest move by Trump Media & Technology Group (TMTG) to expand its influence in finance, technology, and […]
Sports
October 28, 2025
Arkansas Attorney General Calls Prediction Markets Unlawful Gambling
Arkansas Attorney General Tim Griffin has decided that online prediction markets without a state gaming license are breaking Arkansas law. He gave this official opinion on October 23, 2025, answering State Senator Bryan King‘s question about the legality of companies like Kalshi, which allow users to bet on future events. Arkansas AG: Platforms Like Kalshi […]
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 […]
