Prediction market operator Kalshi has agreed to implement a geofencing solution from third-party vendor GeoComply to prevent Nevada residents from accessing its contracts on elections, entertainment, or sporting events. The Nevada Gaming Control Board (NGCB) has given Kalshi…
This week's edition of Bingos & Busts from Gambling Insider covers a range of topics including North Carolina's impact on bettors, a surge in World Cup trading activity, and financial gains for prediction market platform Kalshi. The column,…
The prediction market sector in the United States experienced another eventful week, marked by expanding litigation, tribal intervention, and the first federal prediction market bill to advance from a congressional committee. The Commodity Futures Trading Commission (CFTC) filed…
Minnesota state authorities have escalated their legal confrontation with the prediction market industry, filing a new court document that accuses President Donald Trump of attempting to regulate prediction markets for personal benefit. The filing is part of ongoing…
Prediction market platforms Kalshi and Polymarket made headlines this week, with Kalshi expanding into Canada and a Polymarket trader suffering a multimillion-dollar loss on a World Cup bet. The developments highlight the growing global footprint of prediction markets…
Prediction markets are drawing increased attention as new players enter the space and Kalshi, a regulated exchange for event contracts, reportedly eyes an initial public offering. The developments were highlighted in Gambling Insider's weekly roundup, which also noted…
US Congressman Bryan Stiel of Wisconsin has introduced a draft bill that would prohibit members of Congress from trading in politics-related contracts on prediction market platforms. The proposed legislation, titled the Stop Lawmakers From Predicting Act, targets platforms…
Kalshi, a regulated prediction market platform, has blocked Alex Ursa, the Chief Operating Officer of Betr, from accessing its platform after he created a slot-machine-style interface using Kalshi's API. The incident highlights the growing tension between traditional prediction…
Kentucky Attorney General Russell Coleman has filed three separate lawsuits against Kalshi, Polymarket, and VGW, alleging that the companies are operating illegal gambling platforms in the Commonwealth without the required state licenses. The lawsuits, filed Wednesday, target Kalshi…
Osasuna says it bought a €1.2m relegation insurance policy—not a Kalshi bet. We trace the reported risk transfer, the club’s evidence and Spain’s action against prediction markets.