Prediction Markets
April 8, 2026
New Data Shows That Most Polymarket Users Lose Money
Prediction platform Polymarket claims that its products leverage the wisdom of the crowd to price the future. However, most users face an unfortunate reality. New research by analyst Andrey Sergeenkov reveals that most Polymarket traders lose money. Out of approximately 2.5 million participants, only 15.9% generated profits. The remaining 84.1% are in the red. The […]
Legal
April 7, 2026
Kalshi Wins Key Legal Battle Against New Jersey Regulators
A federal appeals court has handed Kalshi a notable legal victory, escalating the tensions between state gambling authorities and prediction platforms. In a 2–1 decision, the US Court of Appeals for the Third Circuit ruled that New Jersey cannot block Kalshi from offering sports-related event contracts to users in the state. The panel concluded that […]
Prediction Markets
April 7, 2026
SNL Skit Highlights Growing Debate Over Prediction Markets
A recent sketch on Saturday Night Live has drawn attention to the expanding — and controversial — world of prediction markets. The skit blends humor with a topic that now faces mounting regulatory scrutiny in the United States. Barkley Impression Steals Spotlight in Betting Satire Sketch The late-night show staged a parody of a college […]
Prediction Markets
April 6, 2026
Nevada Judge Upholds Kalshi Ban, Says It Should Adopt Geofencing by May 4
Friday marked a major breakthrough in Nevada’s battle against prediction markets as a judge ruled in favor of the Kalshi block. This comes shortly after the CFTC launched lawsuits against several states that attempted to regulate the fast-growing event contracts sector. Nevada Judge Upholds the Restrictions on Kalshi Last Friday, Nevada judge Jason Woodbury upheld […]
Prediction Markets
April 3, 2026
Trump Administration Sues Three States over Attempted Prediction Markets Regulation
The Trump administration has filed lawsuits against several states for trying to regulate the prediction markets sector. This action echoes CFTC chair Michael Selig’s previous claim that state regulators were overstepping. The CFTC Says State Regulators Are Overstepping Prediction markets continue to be the hottest topic among gaming industry stakeholders. This novel form of trading […]
Prediction Markets
April 3, 2026
Kalshi Names Obama Campaign Veteran as Policy Advisor
Kalshi continues to focus on the future by bringing in yet another high-profile Washington insider to assist it with paving its operations amid growing pressure and legal troubles. After tapping into former Biden-era staffer John Bivona at the end of January 2026 and naming Donald Trump Jr. as a strategic advisor in 2025, the prediction […]
Legal
April 2, 2026
Legal Battle Between Kalshi and Nevada State Regulators Heats Up
The Nevada Gaming Control Board (NGCB) is pursuing an injunction against the prediction markets platform Kalshi, alleging that the company is illegally offering sports betting through its prediction market platform. NGCB Seeks Injunction Against Kalshi State regulators determined that Kalshi’s activities amount to sports wagering and moved to shut them down. However, Kalshi has resisted, […]
Prediction Markets
April 2, 2026
CFTC Targets Insider Trading in Prediction Markets
The Commodity Futures Trading Commission (CFTC) has decided to focus more on insider trading in prediction markets, with its new enforcement chief making it clear that the issue is a top priority. “We Will Aggressively Detect, and Investigate” During his speech at the New York University School of Law, David Miller, recently appointed as the […]
Prediction Markets
April 2, 2026
Iowa Senate Advances Bill to Regulate Prediction Markets
Iowa lawmakers are attempting something no other state has attempted so far – passing a bill to regulate prediction markets. This is certain to cause some turmoil among the event contracts space, since prediction market operators say that they are regulated at the federal level and that federal law precedes state gambling regulations. Prediction Markets […]
Business
April 2, 2026
Prediction Markets Face Legal Storm Despite Growth
Prediction market platforms are gaining traction across the United States, but analysts warn the sector could soon encounter significant legal and regulatory challenges that may reshape its future. Lighter US Oversight Fuels Prediction Market Growth According to a recent investor note from Jefferies analyst David Katz, the industry is benefiting from relaxed oversight by the […]
