A Washington state judge has granted a preliminary injunction blocking Kalshi from offering sports event contracts to residents, ruling that the platform constitutes illegal gambling under state law. King County Superior Court judge John McHale determined that Kalshi…
Prediction market platforms Polymarket and Kalshi have restricted access for users in Ireland following warnings from the country's gambling regulator, the Gambling Regulatory Authority of Ireland (GRAI), which threatened High Court enforcement action. The GRAI confirmed to Gambling…
The Commodity Futures Trading Commission (CFTC) has escalated its legal confrontation with multiple U.S. states over the regulation of prediction markets, with legal experts suggesting that a compromise between the federal regulator and state attorneys general is unlikely.…
Brian Quintenz, the former Commodity Futures Trading Commission (CFTC) commissioner whose nomination to chair the agency was withdrawn last year, has joined the Coalition for Prediction Markets as a senior adviser. The industry group is backed by Kalshi,…
North Carolina Governor Josh Stein has signed the state's $34 billion budget into law, introducing a new tax on prediction market operators and raising the tax rate on sports betting. The move positions North Carolina as one of…
Kalshi, a prediction market platform, faced a legal setback in New York as a judge denied its request for a preliminary injunction against the state's Gaming Commission. The decision marks a significant hurdle for the company's operations in…
The Commodity Futures Trading Commission (CFTC) may hold a strategic advantage over individual US states as the legal battle over prediction markets heads toward the Supreme Court, according to legal experts. The dispute centers on whether platforms such…
The Michigan Gaming Control Board (MGCB) has withdrawn its membership from the National Council on Problem Gambling (NCPG), citing the organization's partnership with Kalshi as a conflict with the regulator's mission to protect consumers and support responsible gaming.…
Meta, the parent company of Instagram, Facebook, and WhatsApp, reportedly held discussions with prediction market platform Kalshi regarding a potential acquisition before deciding to develop its own prediction market platform. According to a report by NPR, Meta CEO…
ADI Predictstreet, the official prediction market partner for the 2026 FIFA World Cup, has been forced to restrict access to its platform in Germany following regulatory action by the German gambling regulator, the Gemeinsame Glücksspielbehörde der Länder (GGL).…