Industry
November 10, 2025
New York’s New Bill Targets Prediction Markets with Strict Restrictions
New York’s Assembly Bill 9251, referred to as the Oversight and Regulation of Activity for Contracts Linked to Events (ORACLE) Act, aims to establish definitions, regulations, and limitations for the operation of prediction markets. AB 9251 Aims to Heavily Restrict Prediction Markets The bill’s key provision explicitly prohibits certain types of markets for users in […]
Business
November 5, 2025
MyPrize Becomes the First Sweepstakes Company Entering the Prediction Markets Space
Trusted crypto-asset service provider Crypto.com announced yet another partnership, this time with sweepstakes specialist MyPrize. The agreement will turn the latter company into the first sweepstakes business to enter the hot prediction markets space. MyPrize Enters the Prediction Markets Space MyPrize is a fast-growing sweepstakes operator that has long enjoyed a significant presence in the […]
Business
November 4, 2025
Crypto.com & Hollywood.com Team Up for Entertainment-Themed Prediction Markets
Entertainment website Hollywood.com unveiled a new partnership agreement with leading crypto asset service provider Crypto.com. The two parties will join forces to penetrate the fast-growing prediction markets sector with a new product. A New Way to Engage with Entertainment Despite some regulatory pushback, prediction markets continue to take the USA by storm, cementing themselves as […]
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 […]
